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technological advances find their way to the industry, we will be excited to implement them and make life To learn more about how you can conveniently establish an estate plan to protect your loved ones, call

Along the same lines, if you are married with young children and both parents die, then your failure Like those you ask to be your children’s guardians, talk to the individual you’ve asked to be your proxy Tell them how you feel about death, dying, and life support.

If the victim refuses to give the information or provide payment, the caller may become hostile and aggressive This insidious method works more often than you think, so we encourage you to talk to your elderly loved But, if you suspect that the person on the other end of the line is not who they say they are, just hang If you are worried about yourself or elderly loved ones falling victim to these types senior scams, call

While they may be able to successfully appeal that decision, most give up and assume that they are not

So, ask yourself when you’d like your tax break—now or later? age, you’ll have to withdraw a certain percentage of your account’s value every year, based on IRS life You can leave the money in the account alone as long as you like. There are certain exceptions, like the ability to use IRA funds for college without a penalty at any

However, the IRS gives you a grace period if you file your tax return by February 1. 30: Some beneficiaries who inherited individual and Roth IRAs in 2015 take note—if a non-individual (like Otherwise, the IRA may have to be totally withdrawn within five years after the original owner’s death That way each beneficiary can use his or her own life expectancy for required withdrawals. If not, then the withdrawals will be based on the oldest beneficiary’s life expectancy.

article, “How to assist your aging parents with their finances,” points out another aspect of care giving Their plans may change over time, especially after important life events, like the birth of a grandchild or the death of a loved one.

Estate Affidavit – This administration is used to collect a small amount of money owed to the estate, like

Be as specific as you can and brainstorm, then prioritize these items by picking your top four or five Move your expenses to reflect your core values while also incorporating the top four or five priorities Include real estate, cash, investments, life insurance cash value, jewelry and cars. Create a summary sheet for your health, life, disability, liability, and long-term care insurance policies Dying without a will can create complex and expensive consequences for your loved ones. 8.

It’s being popularized by companies like Betterment LLC. These will include things like estate planning and tax advice. Reference: Tech Times (November 6, 2015) “Bank of America Wants Robots To Be In Charge Of Giving Financial

Like his mom, son Michael liked to buy war memorabilia and guns. Oh, and he married a stripper.

Adding a spouse as a joint owner on most assets – like bank accounts, investment accounts or real estate – won’t generally create any immediate tax issues, but adding them to other assets – like a private