From: wsj.com
Before crafting a last will on your own, here are some issues to keep in mind
Two years ago, Matt Ahrens and his wife were heading out of state without their infant son, and neither had a will. Mr. Ahrens heard a radio ad for an online document company—and downloaded a will from the site.
“For me, the scariest thing was the idea of something happening…
From: money.cnn.com
Done with the job? Ready to do your own thing?
Those who are on track to be “financially independent and retiring early” — or “FIRE” — are.
You’d need to be fired up to sock away enough money to quit your job and retire in just five years. But it’s not impossible.
Some people, like Claudia and Garrett Pennington take extreme measures like…
Go to page: Today’s Luxury Car Trends
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
While automobiles are depreciating assets, they are necessities for many people. And with advances in technology, car owners have come to expect much more from their vehicles than simply transportation. Are you currently in the market for a new car? Are you familiar with the latest high-tech offerings? Consider your options and decide what’s most important to…
From: www.aaepa.com
This is another in a series of blogs on the basics of estate planning. This week, we’ll take a first look at asset protection. Next week, we’ll delve deeper into asset protection.
Much depends upon whose assets you are looking to protect. If the assets are those that are coming to you, the debtor, then typically, those can be protected completely. We’ll…
From: www.financial-planning.com
With the 1996 introduction of tax-qualified long-term care insurance under the Health Insurance Portability and Accountability Act and IRC Section 7702B, Congress affirmed that long-term care insurance benefits should be tax-free. Tax benefits for purchased long-term care insurance coverage followed.
However, the evolving landscape of both individual tax deductions and long-term care insurance tax preferences have created myriad options for filers, all…
From: journalofaccountancy.com
Final arrangements should include many tax considerations for the decedent and his or her survivors.
Several tax attributes and related tax planning opportunities are lost when a taxpayer dies. However, careful and thoughtful planning for clients who are elderly or nearing death can result in substantial tax savings. It is important to recognize and discuss planning ideas with clients in advance to provide adequate…
Annual Returns for Key Indices Ranked in Order of Performance (2007–2016)
Go to page: 3 Questions to Ask Before Investing in a Franchise
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
As a consumer, you’ve probably visited a franchise at least once in the last month. But have you ever thought about owning one? If you’re the entrepreneurial type and looking for a career change or another income stream, it might be worth considering. This kind of business venture allows you to be your own…
The Importance of Timing
Although genetics can play into one’s life expectancy, a survey by the Society of Actuaries showed that there is a disconnection between how long people expect to live and the age their oldest family members reached. Despite half of retirees and pre-retirees reporting that they had a family member who lived longer than 90 years, both groups expected to live an average of six years less…
From: www.forbes.com
Getting married for a second time is fairly common. But the financial and estate planning issues that result from remarriage can be anything but.
In second marriages the complications and challenges created by blended families multiply.
Here are a few of the financial, legal, and estate planning issues to keep in mind :
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