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How do children nudge often-reluctant parents toward making sound and fiscally smart decisions about the future of the family home? The family home is more than likely the most important or valuable asset in one’s estate.  So it makes sense to… Read More

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can… Read More

Taking these extra steps may seem like a burden, but having an up-to-date estate plan ensures that the time, thought, and money you put into your planning will ensure that your wishes are put into action. According to a recent explorenews.com article… Read More

Qualified personal residence trust has enabled Bill and Hillary to save on estate taxes but it doesn't make sense for everyone. An oldie-but-goodie tax strategy is back in the limelight thanks to the Clintons' much-publicized attempts to so… Read More

Now is the time of year when many investors rush to make contributions to individual retirement accounts. Although IRA investors have 15½ months to make contributions for a given tax year—from Jan. 1 through April 15 of the following year—the pr… Read More

A “stretch IRA” is a popular estate planning strategy where the beneficiaries of an IRA (typically children or grandchildren) stretch out the required minimum distributions of an inherited IRA over their own lifetime. If your beneficiaries are yo… Read More

Wealthy individuals aren't the only ones struggling to cope with higher income-tax rates and the new 3.8 percent investment income tax funding the president's health-care plan. The beneficiaries of trusts—wealthy or not—are also feeling… Read More

Could you be legally liable for paying for your parents’ care? Filial support laws exist in 29 states as well as Puerto Rico, and have quietly existed on the books for a long time. Now, however, these laws are a very real and present concern for th… Read More