One of the first steps in determining your federal estate tax liability is determining what assets and property are considered part of your estate. The actual task of determining what is includable in your gross estate can require some in-depth analysis.
With the emotional turmoil that usually accompanies divorce, it is easy to for estranged couples to overlook the serious financial issues that arise as they seek to divide up their assets and establish independent lives.
Juggling the responsibilities of your business and your personal affairs is a challenging task. However, it’s important to take some time out of your busy schedule to review your personal financial plan.
Over the next 50 years, the age 85 and older population is expected to be the fastest growing segment of society. Unfortunately, along with aging, the chances of needing long-term care (LTC) increase.
Debt has become a very circular process in which consumers become both borrowers and lenders. While they borrow money from banks and finance companies, consumers are receiving interest from money market funds, bond mutual funds, and pension funds, all of which invest in consumer debt.
When the pace slackens, are you ever nagged by thoughts of what would happen to your company if it was unable to carry on due to your death or disability? These concerns may seem like remote possibilities. However, by putting them off, you may be placing the future of your business at risk.
To avoid leaving your loved ones in this difficult situation, consider taking time now to prepare an inventory of pertinent financial information. This record will help those who must manage your financial affairs after your death carry on smoothly and without undue delay.
Retirees have many options when choosing where to live. While climate, proximity to family, and the cost of housing will likely factor into the decision about where to retire, prospective retirees should also take into account the amount of taxes they will owe in the state and town where they have their primary residence.
Is your growing business still a one-person operation? As your company continues to grow and the workload increases, it is easy to find yourself not having enough hours in the day to accomplish everything that needs to be done. At such a turning point, many small business owners turn to their families for help.
Advance directives are legal instructions that express a person’s wishes regarding financial and health care decisions in the event that he or she becomes unable to make them. If incapacity occurs and there are no advance directives, is guardianship a viable option?
