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Money and Estate Planning Issues for Unmarried Couples
October 26th, 2015
Whether a couple is married or unmarried, there are invariably many money issues for them to consider – and some valuable financial moves to make. Here are some tips for those in the not-married camp. A bad way to manage your joint and separate fin…
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What to Do to Reduce Estate Taxes
October 15th, 2015
If you plan on leaving a sizable amount of money to your heirs, it's understandable to be concerned about estate taxes. After all, the top Federal estate tax rate of 40% could take a nasty bite out of a multi-million dollar estate, and that'…
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Want to Spare Your Kids From a Family Fortune?
October 13th, 2015
From shirtsleeves to shirtsleeves in three generations, goes the early 20th-century American proverb. Then there's the 19th-century British version: Clogs to clogs in three generations. And from Italy, date uncertain: From the stable to the star…
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Estate Planning for Your Works of Art
October 12th, 2015
Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially rel…
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Is the Family Business a Part of Your Estate Plan?
October 2nd, 2015
Family business contributes to over 70 percent of global productions, but owners of them don't update their estate planning. It's estimated that over 50 percent of family business owners didn't update their estate planning documents fo…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Small Business, Weblogs, Will
MSU Alum Leaves Millions to School
October 1st, 2015
Montana State University announced on Thursday that the late Bill Wurst, a 1959 alumnus in electrical engineering, has left $4 million to the MSU College of Engineering as a gift from his estate. The gift will be used as matching funds for the univer…
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Can You Do Estate Planning for Your Farm?
September 30th, 2015
Succession planning is one of the most important aspects of passing on a farm to future generations, but having a conversation about it is not always easy. Jolene Brown, an Iowa farmer and professional speaker, and Nelson Schoon, certified financial…
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Categories: Aging Issues, Current Affairs, Estate Planning, Family Business, Small Business, Weblogs, Will
Using A Revocable Trust as the Primary Method for Disposing of Your Estate
September 29th, 2015
If you haven't considered using a revocable trust rather than a will as your main estate planning document, you could be making a critical mistake. A recent MoneyWatch article, “5 reasons you need a trust, not a will,” lists five reasons for…
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Who Pays the Bills If I’m Not Around?
September 28th, 2015
Who pays the bills in your house? If your house is like most, there is probably one person who handles most of the financial matters. Would you or your spouse be prepared to assume the role of managing the household finances if something happened to…
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Don’t Forget Estate Planning for Your Family Business
September 24th, 2015
Skilled estate planning is essential to the tax-efficient transfer of the family business across the generations. While the majority of family business owners have estate plans, the majority of these plans can be considered dated. Family businesses a…
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