If you’re not a millionaire, own just one home, and still drive the car you bought six years ago, you might think you don’t need “estate planning.” Or that your family accountant or attorney will be the only professional you need to help you. Not true. Read more...

it is critically important that you review your beneficiary forms often, and verify that your IRA custodian has the most current version of your beneficiary form on file. Either you can decide who gets your assets, or the government can. Read more...

Because of the difficult decisions about matters most of us would rather not contemplate, many procrastinate when it comes to estate planning. But it’s worse to do nothing, leaving a mess for your heirs. Here’s why everyone needs to plan their estate. Read more...

How well are Boomers prepared for retirement? The sad conclusion in most cases is “not very well.” One study shows only about half of boomers will maintain their current standard of living at retirement, and more will be dependent on Social Security. Read more...

Everyone knows that avoiding probate is one of the primary advantages of creating a revocable trust...but transferring title of your home into your trust is a necessary step that must be done properly in order to "avoid probate." Read more...

Seniors need to be aware of the scam artists who prey on the elder population with financial assets. They sound so nice. They offer to help you. But what they don't tell you is they're really salespeople, trying to get you to buy things you don't need. Read more...

Found in: Financial Planning

Every now and then, a situation comes along that allows a taxpayer to benefit from an obscure, little known tax provision. Such was the case of "Archie" when he inherited his nephew's IRA. Read more...

Found in: Financial Planning, IRAs

One segment of estate planning often ignored is completing an inventory of personal property. Consider how helpful that will be for your children after your death, but also how an inventory can serve a purpose for you now. Read more...

Found in: Personal Property