Many of those already in retirement or facing retirement soon experience varying levels of anxiety regarding the future of our nation, the economy, healthcare and more. What are the experts saying we can expect in 2023?
If your loved one passed away from Covid-19 after January 20, 2020 you may be entitled to reimbursement of up to $9000 for the funeral and burial expenses incurred. The Federal Emergency Management Agency (FEMA) has allocated funds to assist families struggling to pay for the costs.
Portability is often used by high-net worth families to reduce or eliminate federal estate taxes when the second spouse dies. When a spouse passes away, the surviving spouse can utilize the unlimited marital deduction and inherit the dying spouse’s assets without incurring any federal estate tax liability.
The word “recession” is ringing in the ears of many business owners which has them contemplating the continuity of their businesses. Coming out of the pandemic, enduring supply chain issues and transportation obstacles, now is the time to ensure your business can proceed and thrive even in difficult times.
Any senior facing the need to relocate to a new home faces many stressors. A senior experiencing cognitive impairment like those suffering from dementia-related illnesses, may feel even more overwhelmed and out of sorts.
Many people fail to include charitable giving in their estate plans. It may be due to not fully understanding their net worth or not knowing their legacy goals.
Individuals who own property in the United States but who are not U.S. citizens, such as nonresident aliens and green card holders, need effective estate planning strategies to counteract this set of challenges. The primary challenge is that noncitizens are not qualified to exert the exemption for federal estate and gift taxes that citizenship provides.
Age is a measure of time, but it does not require certain physical or mental limitations to be imposed at any certain time. Feeling young, energetic and free of pain can be a reality for many regardless of physical age if they follow certain steps.
There are two main objectives when it comes to the proper storage of estate planning documents – (1) preventing it from being lost or damaged; and (2) ensuring that it is accessible when needed. That accessibility may not always be after you pass away.
Far too many people make the mistake of putting off estate planning and writing a will. This can end with someone on a deathbed attempting to communicate verbally their final wishes for distributing their wealth or naming a guardian for their minor children.
