It takes time to build a business, and it can take just as long to create a strong succession plan. Many business owners can’t imagine a life without the business they built, so they often postpone planning for their own retirement and the sale or transfer of the business. That…
What is the VA Pension Benefit? The Veterans Administration pension program provides monthly tax-free benefit payments to certain wartime Veterans or their surviving spouses who meet the financial and medical requirements. Claimants who are eligible for VA pension may also qualify for supplemental monetary payments, such as housebound or aid…
The cost of raising a child with special needs is easily twice that of an average child, and college costs are higher as well. Families with special needs children need to plan their child’s future carefully in many regards, and financial concerns are, by necessity, a big part of planning.…
Tuition refunds, K-12 education costs and rollovers to ABLE accounts for disability-related expenses, will now reflect recent tax law changes. New regulations that reflect changes from the 2015 Protecting Americans From Tax Hikes (PATH) Act, and the 2017 tax overhaul will be issued by The Internal Revenue Service (IRS) and…
She says her father was suffering from Alzheimer’s disease, and that’s why he cut her out of the will. However, she also hadn’t seen or spoken to him for more than two decades. There’s a big estate battle brewing in Britain, where the 61-year-old daughter of Reg Grundy, Kim Robin…
There’s a saying about people who don’t have an estate plan created. They have a will, it’s just not the one that they want. Decisions are made by the state, and that includes who raises their kids. If you’ve got young children under the age 18, says CNBC in a…
The wishes of former Wham! singer George Michael are bring carried out, just a few months shy of the two-year anniversary of his death. Among the information being shared by Andros Georgiou, a cousin of George Michael, is that all of the organizations and individuals who were mentioned in the…
Talk about a train wreck waiting to happen: beneficiary designations from three or four decades ago can really create a problem for your heirs—or those you thought were your heirs. Most people fill out beneficiary forms when they start a new job, open an investment account and open bank accounts.…
Whether your estate plan documents are stored in the cloud or a filing cabinet, make sure to tell your family members, representatives and executors where you’ve placed these important documents. Chances are you spend a lot more time online with your digital assets than you think. With digital assets and…
Start with the basics, to make sure you’re making informed decisions. Created in July 1965 as part of the Social Security Act, Medicare is how most adults over age 65 cover their healthcare costs. Medicare has four parts. They are Part A: Hospital, Part B: Outpatient Services, Part C: Medicare…