Category Archives for Uncategorized
“My Mother took care of me, so I’m going to take care of her.”
I’m often asked the question, “What are the options for a baby boomer with aging parents?” I was pleased to see this posting by my fellow Wealth Counsel member Suzann Beckett practicing in West Hartford, CT . She offers one answer for the many baby boomers facing aging parents wishing to remain in their homes […]
Continue readingThe Tax “Deal” – the Forecast is Dark Clouds on the Horizon
My fellow member of WealthCounsel, Richard Wohltman of Alexandria, VA, posted this relevant commentary on the Tax “Deal” currently being ushered through Congress. There has been a lot of talk this month about the "deal" to extend the Bush tax cuts. That "deal" also includes a substantial increase in the amount that can pass to […]
Continue readingThe Federal Estate Tax Lapsed for 2010
The federal estate tax lapsed for 2010, and barring no action by Congress it was scheduled to return on Jan. 1 with an exemption of $1 million per person and a maximum rate of 55 percent. I have good news to share with you. The long wait for action to address the unknown status of […]
Continue readingNEWS FLASH: Yankees Beat the Miami Dolphins!
Yes I know, that’s impossible. But the heirs of George Steinbrenner, who died recently at the age of 80, certainly came out ahead of the heirs of Joe Robbie, the former owner of the Miami Dolphins who died in 1990. Steinbrenner’s timing couldn’t have been better. His heirs will inherit the team without having to […]
Continue readingBenjamin Franklin does estate Planning
Benjamin Franklin is largely known today for his key roles in the American Revolution, the formation of the United States, and his diplomacy with France. But Franklin was also a very successful businessman. Starting with absolutely nothing, he built a substantial fortune. And he capped it off by demonstrating keen skills developing his estate plan. […]
Continue readingDisabled and no Medicare to help!
There is a “gap” in Medicare coverage for those who are disabled and under 65. Richard Wohltman describes his concern about this “gap” below. Wohltman and I are both members of WealthCounsel – a nationwide Community of Estate Planning Practitioners. He is located in Alexandria, VA and I find his views valuable, because he is […]
Continue readingCan a DIY Will cost you a bundle?
In this age where all the information you ever wanted can be found on the internet, it is no surprise to encounter articles like the one in Forbes magazine raising concerns for those who save now on a Do-It-Yourself Will only to leave an expensive nightmare for their heirs. I enjoyed this brief commentary by […]
Continue readingDo It Yourself Estate Planning
Forbes Magazine’s September 7 issue had a thought provoking article on “Do It Yourself Wills”. My WealthCounsel colleague in Montana, Mark Josephson, took the conversation one step further with the commentary he shared. I hope you find this informative. Josephson begins, “My Larsson estate commentary and a recent article on Forbes.com regarding the pitfalls of […]
Continue readingEstate Planning Traps
This is a helpful bit of information that my fellow estate planning colleague, Mark Josephson, posted from his law offices in Montana. He’s relatively new to blogging, but I think he’s done well with this information in a summary format. I am reposting his information to share with you. I seem to be on a […]
Continue reading“Dragon Tattoo” Estate Drags On
A recent post by fellow estate planning attorney, Greg Turza offered an interesting commentary illustrating the need to clearly identify who your heirs are. I hope you find this an interesting story about this famous author and his death without a will. Stieg Larsson, the author of the best selling novel “The Girl with […]
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