Get Ready for Higher Taxes?
President Biden’s proposal to eliminate the step-up for calculating inheritance taxes targets a tactic that has long been a wealth-preservation tool. What are some of the ramifications of the proposal and what, after political wrangling, could be the tax implications for large inherited assets?
Aging Parents and Blended Families Create Estate Planning Challenges
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
What Do I Need to Know to Be a Great Executor?
What to know about managing someone’s final wishes.
I’ve Been Appointed My Aging Parents’ Power of Attorney but What Now?
We see recurring confusion about what it means to be appointed with authority over money in a Durable Power of Attorney (DPOA) for aging parents.
The Britney Spears Guardianship: Not How this is Supposed to Work
A guardianship is a legal mechanism set up for people who are unable to manage their affairs.
Do Most Cases Of Dementia Go Undiagnosed?
Most Americans with dementia are undiagnosed, which shows how important it is to screen and assess seniors for the disease, researchers say.
Celebrity Estate Planning Mistakes
If you do not learn from your mistakes, you are doomed to repeat them. In Estate Planning, if you do not learn from other’s mistakes, you are likely to repeat them.
What are Typical Estate Planning Documents?
If you want loved ones to remember you fondly, tackle your estate planning tasks. Your heirs will thank you for not leaving a legal mess to sort out.
Take These Steps To Insure Your Estate Plan is a Success
Your estate plan is much more likely to be successful, when you recognize and avoid the most common mistakes and take some key actions that often are overlooked.
Should You Add Someone to Your Bank Account?
I know of someone who was joint account holder with his dad for many years, then later his dad then appointed him as power of attorney. How does that work? Is the son still a joint account holder?