Estate Planning 14/15

Can Bret Favre Help You Talk about Estate Planning with Your Family?

Jan 4, 20162 min read

Can Bret Favre Help You Talk about Estate Planning with Your Family?

A recent article in Money reminds us that the holidays make for a great opportunity to start a simple, direct conversation. The article,...

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Helping Parents with Their Finances Is Not An Easy Task

Kimberly Hegwood

Dec 31, 20152 min read

Helping Parents with Their Finances Is Not An Easy Task

The Des Moines Register’s article, “How to assist your aging parents with their finances,” points out another aspect of care giving:...

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Kimberly Hegwood

Dec 30, 20153 min read

To Convert or Not to Convert My IRA to a Roth. That is the Question.

In order to save for retirement, some individuals are considering converting their traditional IRAs to Roth IRAs in order to maximize...

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How to Slice Your Pie of Assets into Unequal Slices That Your Kids will Enjoy

Kimberly Hegwood

Dec 28, 20151 min read

How to Slice Your Pie of Assets into Unequal Slices That Your Kids will Enjoy

A study published last month by the National Bureau of Economic Research revealed that the share of parents with wills that give unequal...

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Consider an IRA as a Charitable Contribution Strategy

Kimberly Hegwood

Dec 25, 20152 min read

Consider an IRA as a Charitable Contribution Strategy

For instance, a couple, or in many instances, a surviving spouse, may have more than he or she needs in an IRA. This is money that was...

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Kimberly Hegwood

Dec 24, 20152 min read

I’m Retired… Now What?

We spend most of our adult lives planning for retirement. However, there are those that don’t plan—or don’t plan enough—for what to do...

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Kimberly Hegwood

Dec 23, 20152 min read

Take a Bite out of Your Tax Bite

An article from CNBC, “Lessen your tax bite with savvy year-end strategies,” says that working with a knowledgeable professional who...

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Heritage Statements Help in Estate Planning

Kimberly Hegwood

Dec 22, 20152 min read

Heritage Statements Help in Estate Planning

These findings were highlighted in the Barron’s article, “Preparing for Inheritance: How to Avoid Losing It All,” which also notes that...

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Answers to Question about Long-Term Care Insurance

Kimberly Hegwood

Dec 21, 20152 min read

Answers to Question about Long-Term Care Insurance

A nursing home is a facility that provides 24-hour healthcare, rehabilitation, and personal care services. Assisted living is an...

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Las Vegas Forms Special Team to Prosecute Crimes Against the Elderly

Kimberly Hegwood

Dec 18, 20151 min read

Las Vegas Forms Special Team to Prosecute Crimes Against the Elderly

District Attorney Wolfson said that aging people are some of the community’s most vulnerable citizens. Crimes against them can devastate...

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Poor Man’s Trusts Approved in California

Kimberly Hegwood

Dec 17, 20151 min read

Poor Man’s Trusts Approved in California

In the past, the only way single people could avoid having their home avoid probate—without adding someone to the title while they were...

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Watch Out For Robots Taking Over Your Brokerage!

Kimberly Hegwood

Dec 16, 20151 min read

Watch Out For Robots Taking Over Your Brokerage!

Robo-advising, as it’s been called, has increased in popularity over the past few years. It’s being popularized by companies like...

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Kimberly Hegwood

Dec 15, 20152 min read

Reforming a Will Because of a Mistake

Irving Duke created a “holographic” (i.e., hand written) will under which his wife was to receive all of his property. However, the will...

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Kimberly Hegwood

Dec 14, 20151 min read

Review Your Old Trusts

Consequently, this approach lowered the size of the surviving spouse’s eventual estate and lessened the estate tax burden for the married...

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Irrevocable Trusts May be the Answer to Tough Estate Planning Issues

Kimberly Hegwood

Dec 7, 20152 min read

Irrevocable Trusts May be the Answer to Tough Estate Planning Issues

Because an irrevocable trust is typically a separate legal entity, it’s not part of the estate of the person who created it. Its creation...

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Kimberly Hegwood

Dec 4, 20152 min read

The High Cost of Dementia

Most families just aren’t prepared for the financial burden of dementia. They assume that Medicare cover all of the expenses. Not so....

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Kimberly Hegwood

Dec 3, 20153 min read

It’s That Time of Year!

Also up in the air is the optional deduction of state and local sales taxes in place of state and local income taxes, which could impact...

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HEALTH CARE DIRECTIVE: WHO WILL MAKE YOUR HEALTH CARE DECISIONS IF YOU CAN’T?

Kimberly Hegwood

Nov 11, 20152 min read

HEALTH CARE DIRECTIVE: WHO WILL MAKE YOUR HEALTH CARE DECISIONS IF YOU CAN’T?

What would happen if loved ones suddenly could not make decisions for themselves? Who would make these decisions? What kinds of decisions...

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Kimberly Hegwood

Nov 11, 20152 min read

WHERE WILL MY PROPERTY GO AFTER I DIE?

Texans who are considering if they need a will should know what happens to their property if they die without one. This depends on a lot...

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SKIP TAXES WITH A GENERATION SKIPPING TRUST WHEN PASSING ON YOUR WEALTH

Kimberly Hegwood

Nov 11, 20152 min read

SKIP TAXES WITH A GENERATION SKIPPING TRUST WHEN PASSING ON YOUR WEALTH

You have worked your whole life to preserve your wealth; after you pass on, the last thing you want is for Uncle Sam to wind up with the...

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