Addressing your aging parents’ finances is not easy. Several years ago, when Gwen's mom started showing signs of memory loss, she had conversations with her
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New Details on the Estate Tax Change Discussion
The estate tax draws heated debate between advocates and opponents, with some referring to the levy as a "death tax," while others argue that the
Two Documents that Can Help Convey Your Final Wishes
Several years ago, a man passed away and left everything to the stepmother of his children. The children were not nearly as concerned about the
Check with Your Estate Planning Attorney about New Laws Now in Effect
Determining a process for passing assets on to heirs is an integral part of the estate planning process. But it's not always easy to determine
Should I have a TOD (Transfer on Death) for my Brokerage Account?
Life insurance, IRAs, 401(k) plans and other retirement accounts pass directly to the beneficiaries you designate outside of your will. Brokerage accounts, on the other
Late NBA Owner’s Estate Owes Taxes, IRS Says
In a ginormous estate tax battle denouement, the Internal Revenue Service just won $388 million in a settlement with the estate of Detroit Pistons owner
Avoid These Big Estate Planning Mistakes
Good luck to your loved ones when you die, because you are going about your estate planning all wrong. According to a recent study from
IRS Eyes Estate Tax Changes for Wealthy
The IRS wants to sharply curtail a favorite tax benefit affecting family partnerships and LLCs. The U.S. Treasury Department is zeroing in on new regulation
Millionaires Don’t Like Estate Planning?
Despite their wealth and business savvy, more than one-third of high-net-worth families have not taken the most basic steps to protect and provide for their
Tips to Avoid Elder Financial Fraud and Abuse
The costs of elder financial fraud and abuse are more than financial. In fact, for elderly citizens who are financially exploited, the impact is more
Yes, You’re Rich Enough for an Estate Plan
Many people believe that they're not "rich enough" to have an estate plan, but this couldn't be further from the truth. We believe that estate
The Dreadful Generation-Skipping Transfer Tax Explained in Basic Terms
The estate tax is one of the most hated taxes in the U.S. tax code, especially among those who are wealthy enough to have to