5 Ways Your Will Can Become Useless, Or Close to It

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Is having an out-of-date will better than having no will at all? While wills do not have expiration dates, certain changes can render them useless. When this happens, having an out-of-date will can be the same as having no will … Read More

The Ins and Outs of Estate Sales

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We accumulate a lot of stuff over a lifetime and at some point – perhaps due to death, divorce, debt, or downsizing – we need to get rid of it. An estate sale is one way to dispose of possessions … Read More

How to Protect an IRA From Heirs’ Creditors

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When a person declares bankruptcy, an individual retirement account (IRA) is one of the assets that is beyond the reach of creditors, but what about an IRA that has been inherited?  Resolving a conflict between lower courts, the U.S. Supreme … Read More

What Is the Difference Between a 401(k) and an IRA?

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The terms 401(k) and individual retirement account (IRA) are bandied about quite a bit when discussing retirement planning, but what are the actual differences between the two? The main distinction is that a 401(k) — named for the section of … Read More

Estate Planning in the Age of Stepfamilies

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More than 4 in 10 Americans have at least one step-relative in their family – either a stepparent, a step or half sibling or a stepchild — according to the Pew Research Center. The National Center for Family and Marriage Research … Read More

Six Things to Consider Before Making Gifts to Grandchildren

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Grandparents often are particularly generous to grandchildren as they see their family’s legacy continuing on to a new generation. In many cases, grandparents feel they have ample resources and their children or grandchildren may be struggling financially. Assistance with summer … Read More

Understanding Charitable Remainder Trusts: How to Secure a Lifetime Income, Save on Income / Capital Gains Taxes & Benefit a Charity at the “End of the Day”

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Since 1969, countless families have used charitable remainder trusts (CRTs) to increase their incomes, save taxes and benefit charities. What does a CRT do? A CRT lets you convert a highly appreciated asset like stock or real estate into lifetime … Read More

Take These Three Steps When Your Child Turns 18

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If your child has reached the teenage years, you may already feel as though you are losing control of her life. This is legally true once your child reaches the age of 18 because the state considers her to be … Read More

The Complex Modern Family Requires a New Planning Model, Book Argues

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A new book suggests that planning for elder care and a loved one’s death are especially important for today’s complex modern families. In Homeward Bound: Modern Families, Elder Care, and Loss, the authors contend that the current approach to elder … Read More

Financial Challenges Facing Seniors…And How to Fight Back

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Most of us look forward to a retirement filled with leisure and relaxation, but many older Americans are facing financial difficulties that are destroying their retirement dreams. One article addressed some of seniors’ biggest financial challenges and what they can … Read More

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