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Marriage and estate planning: How it affects you
The sanctity of marriage has long been changing. Your understanding of marriage may be far from your parent’s understanding of the sacrament. An American’s, drastically different than a Nigerian’s. For...
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Who Owns Your Facebook Pages When You Die?
Most people probably spend more time on Facebook than they’d like to admit — but what happens to your Facebook page when you die? New Hampshire is one of the several states trying to figure that out....
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Study reveals more middle-aged adults care for kids and aging parents
A new survey has revealed that the financial burdens on middle-aged caregivers are increasing. Close to 15% of U.S. adults in their 40s and 50s provided financial support to both an aging parent and a...
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Where Not To Die In 2013: State Estate and Inheritance Taxes
Even with the new federal estate tax law, families in 21 states and the District of Columbia where separate state levies are still very concerned state estate and inheritance taxes. While the fear...
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Wealthy Gay Couples Seen Paying More If Unions Legalized: Part 1
In states where the law permits, top-earning gay married couples may soon be paying more in income taxes as the U.S. Supreme Court considers the legality of same-sex unions. Currently, couples’...
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Wealthy Gay Couples Seen Paying More If Unions Legalized: Part 2
In states where the law permits, top-earning gay married couples may soon be paying more in income taxes as the U.S. Supreme Court considers the legality of same-sex unions. Currently, couples’...
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Brooklyn Court Dumps Marriage Contract In Unprecedented Action
An unprecedented action has a Brooklyn court warning you how you get your future spouse to sign a prenuptial agreement. The Brooklyn Appellate Court panel unanimously ruled to throw out a prenuptial...
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Gift Taxes: What Your CPA Doesn’t Know
Taxpayers who gifted substantial assets to family members last year could be in for bitter surprise this tax season: potential errors on federal gift-tax returns that may cost donors taxes on gifts...
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Writing Your First Estate Plan
Are you recently married? Become a parent? Received an inheritance? A number of people put together a first estate plan because of these life-events, while others are inspired to sign their first,...
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Be Weary of Length Antibiotic Prescription in Elderly
By Michael Witzke New Canadian study reveals that elderly in nursing homes should monitor the length of their prescription courses. A recent Canadian study shows that elderly nursing home residents are...
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Holocaust survivor left $40 million, but no will or heirs
By Marc Wander New York state could inherit $40 million left by a Holocaust survivor and real estate developer if no living relatives come forward. Last year Roman Blum died at age 97, leaving behind...
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Looking for a reason for buying long term care insurance? Filial...
Filial responsibility law requires that spouses, children and even parents of needy adults support the indigent. By Michael Witzke After a car crash John Pittas’ mother entered a nursing home for...
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Long-Term Care Costs Continue to Rise
Long-term-care costs are rising exponentially. Are you experiencing the tremendous cost of paying for home health care, or residential long-term care? By Michael Witzke An annual industry survey has...
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Judy MacDonald Johnston: Prepare for a good end of life
Thinking about death is frightening, but planning ahead is practical and leaves more room for peace of mind in our final days. In a solemn, thoughtful talk, Judy MacDonald Johnston shares 5 practices...
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Leaving a Trail of Breadcrumbs to Access Financial Lives Online
By Michael Witzke In its annual Wealth and Worth study, U.S. Trust said 45 percent of the high-net-worth people it polled had not organized passwords and account information for their digital lives in...
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Special Needs Trusts, Providing for the Disabled
By Marc Wander Special needs trusts can be used to pay for anything from medical expenses not covered by SSI and Medicaid to vacations and entertainment. A special needs trust enables you to leave...
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