Estate Planning is about CONTROL. The proper planning enables you to control your life and your finances for your lifetime. If you don't plan you will lose control. It is as simple as that. Unfortunately many people don't plan properly and end up making big and...
Parents want to think the best of their children, but the fact is that many adult children lose their perspective in the wake of the death of a parent and end up permanently damaging their sibling relationships. When mom or dad dies the hurt and emotion takes over;...
Under the common rules of tax law, IRA accounts can be very costly to the beneficiary of the IRA. With the exception of the surviving spouse, the remaining beneficiaries may be required to pay income tax (up to 35%) on the IRA account. How do we avoid these taxes?...
According to statistics the average U.S. family size is 3.2 members. The median age of a man upon his first marriage is 28.1, the median age of a woman is 25.9. Also according to statistics, approximately 60% of couples own their home, 70.7% of mothers with children...
As an animal owner, you are responsible for the care, feeding and everyday maintenance of your animals. You probably don't think twice about all that you do when you take care of your animals. Also, you may have never thought of what would happen to your animals if...
What is your passion? Do you love reading and collecting books? Are you a rabid coin or stamp collector? Do you find peace and tranquility out tending your garden? Whatever it is that you love to do in your “off time”, you can bet the people closest to you know it....
If there is one way to be sure money stays in the family and grows over time it is through real estate. Despite the year-to-year ups and downs of the real estate market, the value of real property continues to grow over the long term. Real estate is often considered a...
Choosing a guardian for your children is one of the most difficult things you may ever have to do as a parent, and if you have a special needs child the task is even more difficult. From parenting style to living situation to your gut feeling about this person’s...
Do you have a health care directive? If not, the Los Angeles Times has just given you one more reason to create one: Advance directives for end-of-life care result in preferred treatment. That’s right, according to the recent article; those people who have recorded...
We publish a lot on this blog about preparing your estate plan: writing a will, setting up a trust, choosing beneficiaries and nominating guardians; but there is another side to estate planning, a fun side... the receiving end. You may assume that the receiving end of...
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