Stop Inheritance Feuds Before They Start

Family members routinely fight over cash, stocks and other large assets after a relative dies. But some of the most bitter fights are over trinkets. More than half of lawsuits over inheritances involve items worth less than 10 percent of a person’s estate, according to an article on dailyfinance.com. That’s because they have emotional not […]

Top Estate Planning Mistake

You may be making the biggest estate planning mistake there is — without even knowing it. Lots of people forget to update the names of their beneficiaries for employer-sponsored retirement plans, IRAs, insurance policies, mutual funds, bank accounts and annuities after they have completed their estate planning. If you don’t update your beneficiaries, when you […]

Do You Need A Prenup?

Prenups aren’t the easiest things to accomplish. Not the legal paperwork, the emotions. While getting a prenup may seem like the most logical thing in the world to one party, the other may see it as a snub or insult. Feelings are easily hurt. But experts say it is important to have financial talks before […]

Mandela Generous To Family, Party, Staff

Nelson Mandela’s will, a 40-page document, shows that the former South African leader who died in December at age 95 was worth about $4 million. Most of the money will go to his family from three marriages, to the African National Congress political party, to former staff members and to a number of schools. The […]

When Retirees Should Downsize Their Homes

Your home is probably your biggest asset. It is also probably your biggest expense. But most people don’t even think of their homes when it comes to retirement planning. Typically, people don’t want to move. The love their homes. The homes are full of memories. And moving is a hassle. But for many retirees, downsizing […]

A Lesson Learned From Phillip Seymour Hoffman

No, not a lesson about drug use, although that is obvious. This lesson has to do with estate planning and how important it is to have an estate plan when going through a personal crisis, according to an article on JDSUPRA.com. Phillip Seymour Hoffman, perhaps the greatest actor of his generation, died of a heroin […]

States Moving To Reduce Estate Taxes

The federal estate tax is not much of an issue for most Americans. With the exemption now at $5.34 million, or $10.68 million for a couple, only the wealthiest have to worry about it. And the exemptions will continue to rise with inflation. But, in many states, estate taxes continue to be an issue for […]

Doctors Do Poor Job In Predicting How Long Seriously Ill Patients Will Live

If you have been diagnosed with a serious illness, you probably want to know what your prognosis is, for a variety of reasons, including treatment options and estate planning. But doctors do a poor job in giving estimates as to how long a patient is likely to live.  In fact, they are wrong more often […]

How to pay for home health care for frail family members

As our parents age, we are increasingly facing the dilemma of how to care for them. As they age, they become increasingly unable to care for themselves. So what do we do? The first thought may be to put them in a nursing home or assisted living facility, but many of our parents just don’t […]

Night nurse to heiress sues for $31 million

A nurse who cared for reclusive copper heiress Huguette Clark for 20 years before her death is suing her $300 million estate for $31million. The nurse, Geraldine Coffee, made $130,000 a year looking after the heiress and received more than $1 million in gifts over the years, according to an article in The Daily Mail. […]