Planning for the future of a farm, ranch or business can be a lot more complicated than just making a will, especially if there is more than one heir.
It’s going to be a busy year in Washington and state capitals for policymakers working to improve the retirement security of millions of Americans.
After someone dies, family members will need to locate all of the decedent's important papers.
If you fail to change your will, state law will step in.
The beneficiaries of an inherited IRA are bound to IRS rules.
While most estate planning focuses on physical property, like your home, and liquid assets, such as investment accounts, retirement plans can actually make up a large portion of one’s estate. Due to the specific tax rules governing these assets at death, you must plan carefully to ensure these funds are integrated properly into your estate distribution plans and tax savings strategies.
In 2019, you can save up to $3,500 in a health savings account, if you have self-only health insurance coverage. The limit goes up to $7,000 for family plans.
As people live longer, the retirement population grows and health care costs climb, long-term care is a critical component of family financial planning.
Con artists do not have to go into the dark web to buy enough information about people to open up new accounts in their names or run a multitude of scams.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.