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What’s A “Life Estate?”

What’s A “Life Estate?”

It’s not unusual for a son or daughter to be granted a life estate on his or her parents' house. It’s also not uncommon for

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How Gross! Making Your Own Funeral Arrangements!

How Gross! Making Your Own Funeral Arrangements!

It’s not that uncommon to learn that a decedent made all of the arrangements for his or her own funeral: this includes selecting a casket,

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Congress Examines Bill on Elder Financial Exploitation

Congress Examines Bill on Elder Financial Exploitation

The U.S. Senate passed bipartisan legislation to step up enforcement against perpetrators of crimes targeting senior citizens. The Elder Abuse Prevention and Protection Act of

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Senators Question HUD Rules on Reverse Mortgages

Senators Question HUD Rules on Reverse Mortgages

There’s a concern that a subtle wording change in the Trump administration’s proposed budget request for the Department of Housing and Urban Development (HUD) could

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Don’t Make These 401(k) Mistakes!

Don’t Make These 401(k) Mistakes!

Kiplinger’s recent article, “The 7 Most Common 401(k) Mistakes to Avoid,” provides three good news/bad news retirement plan statistics. First, the Investment Company Institute reports

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Estate of Actor Philip Seymour Hoffman to Be Settled Soon

Estate of Actor Philip Seymour Hoffman to Be Settled Soon

Even on a financial level, it can take years for a large estate to settle—distributing property and resolving all of the executors' duties. Wealth Advisor’s

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Are You Going to Pay Triple Taxes in Retirement?

Are You Going to Pay Triple Taxes in Retirement?

Most people planning for retirement concentrate on growing their nest egg and accumulating as much as they can to live comfortably and enjoy their free

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What’s the Big Deal About Long-Term Care?

What’s the Big Deal About Long-Term Care?

Many seniors don’t feel that long-term care (LTC) insurance is a viable option. They think it’s expensive and is often just protection against the cost

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Tax Breaks for Retired Federal Employees?

Tax Breaks for Retired Federal Employees?

Many states recognize federal retirees’ public service by exempting federal government pensions from taxes or treating them more favorably than other forms of income, such

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Texting Your Will

Texting Your Will

In the U.S., laws about what constitutes a valid legal will have not changed very much since the Declaration of Independence. Most states still follow

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Beneficiary Designation Horror Story

Beneficiary Designation Horror Story

Regardless of your income or net worth, there’s one estate planning task you should do right now: check the beneficiary designations for your life insurance

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When Can I Get the Life Insurance Company to Pay Out the Death Benefit?

When Can I Get the Life Insurance Company to Pay Out the Death Benefit?

A common question in settling the affairs of a loved one, is how long it generally will take after that person dies for the life

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