“Family limited partnerships (and similar entities), while useful in an estate planning strategy for high-net-worth clients, are often hotly contested by the IRS for their
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Protecting Trust Assets from Child’s Divorce (or Divorces)
“If you don’t want money you’ve worked hard for to pass down to your son’s or daughter’s ex, then consider a trust.” The federal estate
An Irrevocable Trust Can Help You to Avoid Trying to Divvy Up Your Estate Fairly Among Your Children
“Even though determining how to pass on assets is not always clear cut, many people decide to simply divide assets equally among their heirs. Yet
Avoid This Common Estate Planning Mistake
“Most people don’t want to be a burden on their family or children. One of the best things you can do to accomplish this goal,
These Are Two of the Biggest Estate Planning Misconceptions
“Although these are just two of the misconceptions regarding wills, they take on special significance because they relate to some of the most important assets
Estate Planning with a Child with Addiction
“Many parents who have children struggling with addiction or mental illness are often too consumed with caring for those children in the present, to give
What’s Better: A Joint Tenancy or a Trust to Give a Home to a Child?
“When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better
Do I Really Make Too Much to Set Up a Roth IRA?
“If I earn too much to contribute to a Roth IRA, can I still contribute to a traditional IRA and then immediately convert it to
Tax Break Reminders for the Disabled
The Centers for Disease Control and Prevention found in 2015 that 53 million adults in the U.S. (about 20%) live with a disability. As tax
Myths of the Midlife Marriage
There are numerous money myths that you’ll hear when you consider getting married at midlife, particularly if your spouse-to-be has children from a first marriage.
Make Your Retirement Checklist
“When it comes to retirement, a checklist is the best way to tackle this difficult subject. It can also put things into perspective.” Forbes’ recent
A Few Items to Consider in Your Estate Planning
If you have an estate with any real assets, you should carefully weigh the risks of failing to make proper estate plans. This is the