When you hear about the mistakes that others have made, you get a heads up that will help you avoid the same errors. With this in mind, we are going to look at four common estate planning mistakes in this post. DIY Estate Planning You can buy downloads and worksheets from websites that sell legal … [Read more...] about Don’t Make These Common Estate Planning Errors
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Social Security COLA in 2022 Should Please Seniors
Many Social Security recipients anxiously await news about the cost-of-living adjustment (COLA) that will be added to their direct deposits when a new year rolls around. The news has not been very good recently because the adjustment last year was just 1.3 percent, and it was 1.6 percent the … [Read more...] about Social Security COLA in 2022 Should Please Seniors
In-Home Care Plan Can Include Medicaid Waiver
You should take a pragmatic approach to the eventualities aging. Most people are going to need help with their activities of daily living at some point. This is a fact of life, so you should accept it, gain an understanding of the important details, and make the appropriate preparations. Medicare … [Read more...] about In-Home Care Plan Can Include Medicaid Waiver
Will My Heirs Pay Capital Gains Taxes?
You should understand the taxation factors when you are planning your estate and let your family know what they can expect. We are going to look at the capital gains tax as it applies to inheritances here, and we will go on to provide a broader overview. Step-Up in Basis If you are in possession … [Read more...] about Will My Heirs Pay Capital Gains Taxes?
Don’t Look Past These Estate Planning Details
A lot of people assume that they can put their estate planning responsibilities behind them if they take the time to draw up a simple will. This is certainly better than nothing, but there are some other details that should be taken into consideration, and we will look at a few of them … [Read more...] about Don’t Look Past These Estate Planning Details
DIY Estate Planning Can Cause Family Feuds
You may see advertisements for websites that sell do-it-yourself legal documents. They contend that you simply fill in the blanks and you can plan your estate for yourself without any legal assistance. There is a difference between the words “can” and “should.” Yes, you can use a boilerplate … [Read more...] about DIY Estate Planning Can Cause Family Feuds
