How to pass your home to your children tax-free (Title)
Nov 04, 2017
Giving your house to your child or children can have tax consequences, but there are ways to accomplish this tax-free. Q: What is the best method to pass your home to your children tax-free? A: The be...
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Survivorship life insurance can be good vehicle for estate planning
Jan 10, 2017
Survivorship life insurance (also known as "second-to-die") can be an important vehicle to consider for estate planning in the right cases. What is Survivorship Life Insurance? This type of insurance ...
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Should you amend or rewrite your revocable trust?
Jan 10, 2017
It’s important to review a revocable trust regularly to see if any amendments are needed, such as when something changes in your life or if the law changes. There are two ways to go about it. You can ...
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Remarriage is a reminder to revisit your estate plan
Jan 10, 2017
Approximately 40 percent of marriages these days are remarriages for at least one partner. When you remarry, there are all sorts of issues to consider related to your estate plan. Consider drafting a ...
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The advantages of making a list of assets and debts
Jul 02, 2016
Have you ever considered writing down a list of all your assets (with account numbers, passwords, and so on), as well as debts and recurring payments? Why should I make a list? Making such a list and ...
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Charitable donations from your IRA could save taxes
Jul 02, 2016
Congress has revived a law that lets you make charitable donations directly from your IRA, which might provide you with some significant tax advantages. If you're over 70 1/2 , you're required to tak...
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Financial advisors have more responsibility to clients
Jul 02, 2016
Stockbrokers, financial planners and insurance agents who provide advice regarding IRAs and other retirement accounts will have new responsibilities toward clients, and the way they bill their clients...
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‘Spendthrift trust’ gets divided at divorce
Jul 02, 2016
Even though a wealthy family put assets in a trust for their children in order to protect them from creditors, a child’s interest in the trust could be divided in a divorce, says the Massachusetts App...
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Medicare now covers conversations about end-of-life care
May 27, 2016
Did you know that 40 percent of people over age 65 haven’t written down their wishes regarding life support and other end-of-life treatment? One reason for this may be that people haven’t had a conver...
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Six Steps to Making a Solid Estate Plan
May 20, 2016
Estate planning can be seen as unimportant, irrelevant or daunting to some but when you start to see it as your duty to protect those you love, then setting up an estate plan isn’t so bad. Below are s...
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