» Succession

Gun trusts are a great way to keep firearms in a family. They have offered a cheaper and easier way to pass certain firearms between generations. However, new rules will make them somewhat less beneficial. Certain firearms, such as machine guns and s… Read More

One of the toughest decisions that seniors face is when they should start taking Social Security benefits. Thinking about a few possibilities makes the decision easier for most people. It is common knowledge that monthly Social Security benefits incr… Read More

Annual adjustments to Social Security benefits should allow those benefits to keep up with inflation. In reality, the system does not always work well. Since 1972 Social Security benefits have received annual cost-of-living adjustments. Using informa… Read More

Many Americans who are confident about their plans for retirement might want to reconsider, especially if those plans rely on Social Security or part-time employment. Recent survey results indicate that almost two-thirds of Americans are at least som… Read More

A recent IRS private letter ruling highlights why it is important to designate a contingent beneficiary for your IRA in case the primary beneficiary predeceases you. Individual retirement accounts are an important part of many estate plans. By design… Read More

Many people are surprised to learn that their Social Security retirement benefits might be subject to federal income taxes. Many Americans are surprised to learn that they can be taxed on their Social Security retirement benefits as explained in My S… Read More

Despite the Supreme Court's decision to legalize same-sex marriage in the U.S., many older same-sex couples still face challenges and need special estate planning. The decision by the Supreme Court to legalize same-sex marriage throughout the U.… Read More

Farmers who have more than one child have an estate planning dilemma. The most valuable property that they have is almost always the land and the farm equipment. If all of the children are not interested in farming, it can be difficult to give them a… Read More