Estate Planning
Las Vegas Gunman Had No Will and a Sizeable Estate
With no children and family members who want to see his assets go to victims, figuring out how to handle the estate of the man who murdered and maimed concert goers will take some time to figure out. Stephen Paddock died with no will and an estate worth an estimated $5 million. Newsweek’s recent story,…
Read MoreIncreasing Bitcoin Prices Driving Digital Currency Holders to Estate Planning
Traditionally, clients start on their estate plan before the birth of a child or a new marriage. Rising prices in cryptocurrencies, like Bitcoin, are introducing a new generation to estate planning. As even small holdings have grown in value, it is increasingly important for digital currency owners to have an estate plan. There are complexities…
Read MoreThe Toughest Conversation You’ll Ever Have
It’s the topic none of us want to think about, but talking with your children and loved ones about your end-of-life wishes can be one of the more important conversations. In some families, it’s easier to talk about sex than it is to talk about money, while in other families it’s the opposite. But few…
Read MoreOlder Parents Face Different Estate and Financial Planning Needs
Wealthy celebrities may not have to worry about the financial side of welcoming babies in their senior years, but estate planning and retirement lifestyles for regular people need to be considered. Older parents or couples, where one member is significantly older than the other, need to address their estate planning and asset division differently than…
Read MoreOverly Generous in 2017? Here’s What You Need to Know About Gift Taxes
There are a few basics you’ll want to know about gift taxes, especially if a gift inadvertently exceeded the annual $14,000 limit. What would happen if a gift that started out at a value under the $14,000 annual limit was a gift of stock that, from the time you decided to gift it and until…
Read MoreBasics About Wills in Kansas
A will is the foundation of many estate plans, and offers an opportunity for you to convey your property to family members and friends after you have passed. Every state has its own requirements about wills, legal documents that provide instructions for property distribution after death. In Kansas, there are certain requirements for a will…
Read MorePushing Back Your Retirement Date Can Reap Big Rewards
Continuing to work a few more years past 62, can have a big impact on your retirement finances. This is especially true for federal employees, who can gain as much as $10,000 per year by working to age 66. Because it’s the earliest age you can start taking Social Security, many people think of age…
Read MoreCan You Keep a Family Together after You’re Gone?
Rocker Bennington’s will includes his wish that his children maintain a sense of family, but bickering between mothers has undermined even the best of intentions. With six children from three different relationships, Linkin Park’s frontman Chester Benning wanted his kids to grow up knowing each other. That includes Jaime, 21 and Isaiah, 19, with Elka…
Read MoreNot Sure How to Handle a Large Inheritance?
The responsibility of a large inheritance is one that many people take very seriously. Sometimes, this can be a stressful situation, even though that sounds unlikely. Maybe you buy the occasional lottery ticket or hope for a windfall from a distant relative. But when a large inheritance arrives, it is often accompanied by major responsibilities.…
Read MoreWill You Live Forever? It’s A Common Estate Planning Mistake
We’re all mortal, but it’s a hard concept for many to imagine. That’s why many people put off estate planning. Do you really want to put your loved ones through the stress and costs of untangling your estate? It’s often the experience of a friend or family member who is left to clean up the…
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