Mind the Gap: Estate Tax Cliff

“When the Tax Cuts and Jobs Act went into effect, many clients and advisors assumed that their days of worrying about the estate tax were largely over. Not so fast.” The big news was that the Tax Cuts and Jobs Act doubled the federal estate tax exemption to $11.18 million per person (and $22.36 million […]

Getting Married Again? Protect Your Spouse and Your Children

“With the trend toward increased remarriages later in life, one spouse may prefer living in their own home of many years with the new spouse.” One of the goals in estate planning when one spouse moves into the home of another spouse, is to ensure that if the owner spouse dies first, the new spouse […]

Widows Be Wise About Social Security

“Losing one’s spouse is one of life’s most difficult and overwhelming experiences. Claiming Social Security survivor benefits apparently ranks as a close second, based on a frantic phone call I received from a close friend this week.” A friend who was unexpectedly widowed, when her husband died at age 44 of a massive heart attack, […]

He is Ready to Retire but It Doesn’t Mean You Should

“Women who retire when their husbands do, may be giving up more wealth than they realize.” Women in their 50s and 60s are in their peak earnings years, while their male counterparts are usually on the decline, according to an associate professor of health care policy at Harvard Medical School. The associate professor is the […]

Ready To Retire? Worried About A Bear Market? Here’s How To Prepare

“For each year in which a bull market persists, workers become likelier to retire. However, those who leave the workforce now—the ninth year of the longest U.S. bull market—are potentially setting themselves up for a tough stretch that could test their portfolio’s long-term resilience.” Live long enough and you’ll get to experience the ups and […]

Is Bankruptcy in Your Future?

“According to U.S. Bankruptcy Court data, 819,159 people filed for bankruptcy in 2016. Although that is down 6.9 percent from 2015, Debt.org reports that people 55 and older account for 20% of those filings, a number that has doubled among seniors since 1994.” Overall, personal bankruptcies are on the decline.  However, the number of seniors […]

The Time to Plan is Now and Not Later

“The client wanted her surviving spouse to have access to her work email, but her employer shut down the email account following her death.” This is one of those situations that does not have a happy ending. A woman died unexpectedly, and her employer shut down her email immediately after her death. Her surviving spouse […]

Business Owners: Why You Need an Estate Plan Today

“What will happen, if you die without leaving a will? It is probably the last thing you want: Instead of you deciding who gets your small business, the government decides.” Every state has its own rules about how assets are distributed after someone dies, and what happens when the person has not created as will. […]

Business Owners: Why You Need an Estate Plan Today

What will happen, if you die without leaving a will? It is probably the last thing you want: Instead of you deciding who gets your small business, the government decides.

You Can Avoid Elder Financial Abuse, But How?

“While a longer life is a good thing, it will also present challenges – and unfortunately, sometimes financial predators.”