The federal estate tax can be an issue for high net worth individuals. There is a federal estate tax credit or exclusion. If your assets do not exceed this exclusion amount, you do not have to worry about the estate tax. Those who are exposed to the estate tax must file a federal estate tax […]
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Can an IRA Be Part of My Estate Plan?
Your estate plan should be viewed as part of a holistic long-term financial plan. It is important to prepare for each stage of life. There are the active retirement years that many people look forward to, but there are also the twilight years that will follow. You should anticipate your expenses and work within a […]
Summer Estate Planning Seminar Series Continues
Estate planning is a must for all responsible adults. Unfortunately, studies show that most Americans do not have a comprehensive estate plan in place. One of the reasons why people do not plan ahead for something that is definitely going to happen is because they lack information. With this in mind, we do everything possible […]
What Is a QTIP Trust?
In an estate planning context, the acronym QTIP stands for a qualified terminable interest property trust. In this post we will look at the value of the QTIP trust. Protecting Children From Previous Marriages Estate planning is an ongoing process. The estate plan that you originally create is going to be constructed in light of […]
What Is the Medicaid Monthly Maintenance Needs Allowance?
Many people are under the impression that Medicare will cover all of their health care needs once they become eligible for coverage. If you have paid into the program sufficiently, you will qualify for Medicare when you reach the age of 65 under currently existing laws. Those who will qualify for Medicare often look upon […]