There’s a stereotype about retirement, and it lives in Florida. Yes, most people assume that when aging Americans retire, they relocate en masse to The Sunshine State. On the contrary, though, many people dream of moving their retirement overseas instead. To that end, Bankrate.com recently raised an interesting question: can you take your long-term care[...]
If you polled parents about the conversation they least want to have with their children, most would probably tell you divorce or “the birds and the bees.” CNBC reports that for wealthy people, though, the answer is a little different: inheritance. Like anyone else, rich parents want to leave their kids in as strong a[...]
“Age is just a number,” they say. And, sure, that’s a useful phrase for dulling the passage of time. But is it true? View image | gettyimages.com As a matter of fact, yes it is! There’s even science to prove it! But the catch is that not everyone looks and feels younger than they really[...]
Overwhelmed by the prospect of estate planning? Don’t make a federal case out of it! (No, really, these are usually state-law matters!) View image | gettyimages.com Everyone needs an estate plan but most American’s wait way too long to create one, often delaying until it’s too late. We don’t want that for your family, and[...]
The oversights — those are what’ll “get ya.” We recently came across an opinion piece written by a wealth management professional in Florida, recounting some of the more frequent mistakes she’s seen her clients make in their estate plans. Sure enough, they look pretty familiar. View image | gettyimages.com Time and again, people who decide to “go[...]
We all know we need one, but how many of us follow through? Not enough, that’s for sure. Estate planning is one of procrastination’s favorite victims. Americans continue to neglect their end-of-life preparations, despite growing awareness of how unwise that can be. Sickness and death aren’t the most pleasant topics under the sun, after all.[...]
“Have you thought about dying lately?” View image | gettyimages.com That’s the question The Huffington Post asks in a new article about delays in estate planning. Most people’s answer, they guess, is no. After all, it isn’t exactly a pleasant thought on which to meditate. But then someone passes away, and it reminds us how[...]
Compared to other places in the country, New Jersey’s estate tax is kind of a killer. In fact, ours is one of only two states still assessing not only an estate tax on the deceased person’s assets but also an inheritance tax on some of the people who benefit from those assets. Meanwhile, most[...]
The Wall Street Journal is running an ongoing series of expert op/eds on the subject of estate planning, and it makes for intriguing reading. One of last month’s entries came from investment guru Mike Piper, entitled “Estate Planning Is About More Than Estate Taxes.” Piper nails the Number One reason that most people don’t put[...]
Did you forget to make your New Year’s resolutions? Or maybe you’ve already broken them? (Hey, statistically speaking, more than half the population will have already broken theirs by now!) View image | gettyimages.com Well it still isn’t too late to turn over a new leaf! I recently came across an article out of Wisconsin’s[...]