Individuals of any age could be subject to financial abuse but more it more often happens to elderly people. In order to avoid this impacting you down the road, there are several different things you can do. Begin by creating an inventory of all of your assets. This includes bank accounts, brokerage accounts, investments and [...]
Everyone knows that it is imperative to get the right amount of sleep. As more research is being done about how to prevent Alzheimer’s or minimize the symptoms associated with conditions like this, new research has looked at how a lack of deep sleep can cause problems as far as Alzheimer’s itself. According to the [...]
In many cases your business successor could be selected by default. If you have a family business, for example, there is likely one member who is more qualified, interested and active in the business than others. In this situation the founder might have already spent a good deal of time grooming the successor for this [...]
S corporations are most popular as a tax vehicle because it allows for only one layer of tax instead of the double layer of tax usually imposed on a typical corporation. Rather than the S corporation paying tax, the S corporation's taxable income passes through to the shareholders and is reported on those shareholders' personal [...]
The Federal Reserve’s most recent decision to increase interest rates does carry implications for individuals who are considered affluent. This mostly has to do with their estate planning. Interest rates can definitely impact strategies in place for minimizing estate taxes and maximizing the benefits associated with income tax bricks. Guarantor retained annuity trusts and [...]
After discussing your Medicaid application and preparing for it in advance with your elder law attorney, there may be an appropriate time you should begin the application process. There are several things you should know about the Medicaid application process in order to set yourself up for success. One of the things that surprises most [...]
Many small business owners know the struggle of keeping track of multiple priorities working long hours and taking risks. However, even the most successful small business owners can be tempted to drag their feet when it comes to business succession planning. Some of the most common reasons for this process being skipped over are that [...]
The first step in any plan to protect your assets should involve obtaining the right insurance. Many self-employed individuals, for example, do not realize that they need specific insurance in order to protect their assets. One such example is a physician. While most physicians understand that medical malpractice insurance is something they must have, other [...]
Our technological world now adds our digital legacies and a key is to go through all the questions that will, in their entirety, result in solid, satisfying panning for end of life. There are many online entities that can help but their function is a preliminary one that should be supplemented by an estate planning [...]
Estate planning is a demonstration of personal values. As humans we have the unique ability to conceive and do the right thing like writing down a plan and matching our deeds to it. Quite apart from the real world penalty, estate plans can promote integrity by incentivizing positive activities and beneficiaries or by philanthropic gifts. [...]
