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Kiplinger says you sure can in “How to Transfer Money Between 529 College-Savings Accounts.” The way that you make the transfer will vary by plan, but in almost all cases, you should be able to move any amount of money from one beneficiary to another—such as transferring 50% of the money from one allocation directions on file for the account. 529 accounts don’t have a limit on how much you can transfer or how often you can transfer funds between beneficiaries, provided the account balance is within the

Here are some things that this Houston estate planning attorney recommend women keep in mind: Estate From a home and vehicles to your grandmother’s jewelry to accounts with the bank, all of these things There can be some special considerations to keep in mind when it comes to estate planning for women,

Much of the real estate in estates is sentimental, and how to leave these homes to your heirs is a very But some assets don’t get this step-up in basis—like retirement accounts. Other than qualified accounts, there’s not much difference between hard and virtual assets when it comes Remember, you should consider the tax implications when planning the transfer of assets in your 401(k Capital gains, death and income taxes all come into play when planning for the transfer of wealth from

Setting yourself up for retirement or to simply live the lifestyle you want takes some effort, which If you need some guidance and direction, talk to a reputable Houston estate planning attorney to turn Credit Reports – Credit reports wield a lot of power, from what home you can buy to what job you can estate planning lawyer, it is imperative to make sure your family knows how to access it when the time comes Homeowner’s insurance – Homeowner’s insurance can seem like an unnecessary expense, but if something

They can also connect you with local providers for such services as home-delivered meals, transportation Remember that Medicare doesn’t pay for personal or homemaking care, but it does cover home health care for people who are homebound and intermittently need skilled nursing or physical or occupational therapy that is established and reviewed by a doctor, and they must be provided through a Medicare-certified home Long-term care insurance also pays for in-home care, but you may have to wait up to 120 days, depending

The average annual expense for a semi-private nursing home room is more than $80,000, according to a This means the cost of nursing home care is growing at more than double the rate of overall inflation There are some newer products called hybrids, which add on long-term care benefits to life insurance

With the excitement of your new career, and maybe some anxiety about juggling your home life and work necessary to separate the assets of your “business” from those of your personal use (such as your family home

With a GRAT, assets that are expected to appreciate are transferred to the trust for a retained annuity For transfer tax valuation purposes, the value of the taxable gift is the fair market value of the property transferred with the value of the grantor’s retained annuity interest subtracted. With lower interest rates, the property transferred to the GRAT doesn’t have to appreciate as much as it would with higher interest rates for the GRAT to be a successful method of transferring wealth to

Even so, you can decrease the taxable amount for the current year by making a tax-free transfer to charity of up to $100,000 from your IRA anytime during the year, but it’s too late to make a tax-free transfer The law allowing for such transfers has been extended permanently. Speak with your IRA administrator and the charity for more information about how to make the transfer

While hoping a parent regains the capacity to care for themselves is ideal, the reality is that progressive Unsafe living conditions or self-neglect – hoarding, lack of utilities, an unsanitary home, or improper Prioritizing least restrictive care – consider assisted living instead of nursing homes or allow financial This role comes with complex responsibilities but also the immense capacity to uphold dignity and personhood

If you plan to stay in your home instead of evacuating, make sure to stock up on comfort items; activities For a while, before my wife had to go to the nursing home, she loved to wear her jeans every day. and incontinence products, so if the nursing home had to evacuate, every resident had one. So I said, ‘Here are your options: you can go home and take a nap for three and a half hours or your She really needed to take care of herself but she wanted so badly to take care of her husband at home

For some caregivers, the role of caring for a loved one is not always a choice. he grew up in a family caregiving culture beginning when his grandmother was moved into his family home She volunteered to take an assessment in her hometown and that assessment showed enough issues for Eddie When the time came to ask his aunt to move into his home, Eddie had the notes, telephone numbers, documentation So, I was fortunate to be raised in a home that had flexible roles – very strong and progressive.”