How Making Provisions for End-of-Life Care Helps Loved Ones
Most people avoid making decisions about end-of-life care, which can make an emergency situation much tougher for family members, who must make decisions without the benefit of knowing what you would have wanted. It’s unpleasant to think about, but apparently rocker Tom Petty did: he had thought about his end-of-life care and executed them using…
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 MoreGenerous Ideals from Millennials May Change With Time and Experience
For now, a report on affluent millennials reveals them to be extremely idealistic, willing to put their retirement savings on a back burner in order to give their kids every advantage. The affluent millennial may have a different take than their less successful peers. However, an online survey of 1,000 affluent investors, with assets of…
Read MoreGiving the Family Farm to Grandchildren Instead of Children
There are often bumps along the way, when it’s time to plan for the future of a family farm. Farms are usually passed along to the next generation, but there are instances when parents want to give the farm to grandchildren. A history of farming for five generations is a wonderful and increasingly rare thing.…
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 MoreSmall Sentimental Items Often at the Heart of Estate Battles
Take a walk around your home with your kids, and talk about the possessions that hold meaning to them. Planning ahead for how their favorite items are distributed may prevent family squabbles during a difficult time, when emotions run high. You might think that disputes over million dollar bank accounts would be at the source…
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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