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For example, the needs of women have been changing dramatically over the past several years. 

As the owner of the account, you have the ability to change the beneficiary on the account from one eligible For example, at Fidelity, you’d need to complete a beneficiary change form with both of the account numbers Be proactive and don’t wait until the last second when college bills are due to make these changes.

A recent post on New Jersey 101.5’s website, “Red flags to avoid when  donating to charity,” cautions that when you’re looking for a worthy cause for a donation, be certain that it’s a “qualified exempt organization” per the IRS, which has a list of these charities on its website. Remember that charitable contributions are deductible only as itemized deductions. If the donation is for non-cash contributions to a qualified charity valued at more than $500, you must also fill out and attach Form 8283 with your return to the IRS. Typically, if the value of the donated property for which you plan to claim a deduction is greater than $5,000—or if the deduction for any one item is greater than $500, you need to have a qualified appraiser’s report. If you don’t have this, the deduction will be based on the estimated fair market value of the property. Fair market value may be based on the current sale price of comparable items, based on the age and condition of the property and on the similarity of the compared and donated items. The fair market value of ordinary household goods and clothing is usually much less than the original purchase price. Some organizations, like the Salvation Army and Goodwill, provide a donation value guide that lists common items donated and the average value. Be precise with your records of the donation. If you are donating household items or clothing, the items have to be in “good used condition.” You can’t donate that old plaid sofa in the basement—the one that no one would ever use—just to get it out of the house. If the amount you are donating to one organization is more than $250, you’ll need a written receipt itemizing the items and the values—and even with donations less than $250, it’s a good idea to get an itemized written receipt. Reference: New Jersey 101.5 (January 2, 2016) “Red flags to avoid when donating to charity” #EstatePlanningLawyer #HoustonWills #Probate #Inheritance #HoustonTrustsandEstates

” #AssetProtection #ProbateAttorney #Probate #ProbateCourt #Inheritance #SugarlandTrustsandEstates #Wills

seniors ensure that their legal documentation is in order, including marriage and adoption certificates, wills

published last month by the National Bureau of Economic Research revealed that the share of parents with wills wealth” #Stepchildren #TrustsandEstates #HoustonEstatePlanning #Probate #Inheritance #BlendedFamilies #Wills

ramifications with an estate planning attorney and ask about other estate planning documents such as wills

Planning Several common strategies can be used in high-net-worth estate planning to achieve your goals: Wills

Contested Wills and Family Disputes Disputes over a will can complicate the probate process.

named in a will, so it’s important to regularly review beneficiaries, particularly after major life changes

Healthcare directives, also known as living wills, provide instructions on your medical care and end-of-life

purchase a long-term care insurance policy to cover nursing-home or home-care costs, as there’s a good chance