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So, below I have laid out the top three excuses I hear, as well as a few quick talking points that you “We have plenty of time to deal with this…” is the most common objection to creating an estate plan. People also mistakenly believe that they only need an estate plan if they have a great fortune. If you have children, who do you want to raise your them if something happens? If all else fails, you can remind your spouse that you, in fact, already have an estate plan.

two stole artwork from her home, took a box of antique jewelry and refused to share proceeds from the sale The lawsuit says the two “have stolen millions to support their lavish lifestyles.” “These defendants have been the ultimate recipients of their parents’ bounty, in every way, and they

Others who have personal or specifics bequests may want to sit down one-on-one with each family member There is no wrong way to do it; you just have to do what you feel is right for all parties involved. This can be difficult if you have blended households or multiple generations of family members as keeping If you ever have questions about estate planning or how to talk to your loved ones about your plans,

You may have started to do some estate planning with the purchase of life insurance, which is creating It’s the same when you name a beneficiary for a qualified retirement plan. Once you have these documents executed, you need to review them periodically with your lawyer because To choose for yourself who takes care of your children or who gets your assets after you have passed, you must have a valid will.

The plaintiffs’ suspicions look to have been aroused by an invoice for $40,000 in legal work conducted The result of the change was the same: Jeri received 100% of the net death benefit of the policies, just as she would have if the change had never been made, according to the motion.

asked the Slate advice columnist, “Dear Prudence,” for some advice on this topic, which many families have

There are a lot of reasons why it’s a good idea for nearly everyone in Houston to have a solid estate Many governments have made it easier to pass most assets on to designated beneficiaries, reducing how This might be particularly important if maintaining health care coverage through Medicaid is a priority Tax and trust laws do change over time and a trust needs to have flexibility to change with them if necessary

These guys may charge you a lot of money for a boilerplate trust, but they really want to make a bigger sale , or someone you designate, manages the assets in the trust, which can be bought or sold but always have “If you move your money from another product, you may have to pay fees or penalties. Annuities can also have complicated interest-crediting provisions, which can be very confusing. Best advice: avoid living trust mills and anyone who uses high pressure sales tactics, including fear

By the same token, there are also some children who are good with money who make mistakes upon inheriting If parents have concerns about a child’s ability to handle an inheritance, they can leave their inheritance Another option is to allow the trustee to decide the amount and timing of distributions.

2016, about 70% of Medicare beneficiaries were “held harmless” from cost increases and are paying the same The small COLA now projected for 2017 would still have an effect on Part B premiums. Among the 30% impacted next year are those who didn’t have their premiums deducted from Social Security 2016, including those new to Medicare in 2017, and those who already pay higher premiums because they have

However, your first RMD may be delayed until April 1 of the year after the year you turn age 70½, but you have to take a second RMD (the one for age 71) in the same year by December 31st. If you have to take two RMDs in one year, as many do, it could cause an individual to experience an unexpectedly This could put you into a higher tax bracket and also impact the amount of your Social Security benefits That amount will count as your required minimum distribution for the year, but it isn’t included in your

Inheritances One of the biggest questions that parents of children with disabilities tend to have revolves However, in order to qualify for Medicaid, special needs children cannot have more than $2,000 in their