Do we still have an estate tax? We might not by the time you read this. The latest estate tax proposal would exclude $5 million from estate tax for each person, and let the surviving spouse use any remaining exclusion from the first to die spouse. This would be an effective $10 million in…
o Parents’ Planning: Often the best way to open a discussion with elderly parents is by focusing on personal, not money, issues. Do your parents have a living will? Do they have specific personal wishes they may want respected? Religious preferences? If you open with non-money issues it is less offensive and your parents are…
Planning (financial, estate, insurance, and other) steps must be tailored to make sense for each different phase of your life. Although we each wind through life milestones in our own unique order, identifying how planning typically changes over time, will help you identify steps you might want to take now, or reconsider in the future….
Anna Nicole Smith, former wife of 89 year old Billionaire J. Howard Marshall continues her battle for a piece of his estate. The Supreme Court recently ruled in favor of Anna Nicole, and she will likely have a new hearing in front of a lower court to address the substantive issues of her case. Although…