The current annual US budget, as proposed by President Obama, includes some significant potential changes in tax law. Among these are proposals that could result in higher capital gains taxes on inherited property, an end to most tax-deferred real property exchanges, and increased taxes on S corporation dividends.
Supposedly, the most frightening words one spouse can hear from the other are, “Honey, we need to talk.” Even more frightening, however, is, “Honey, we need to talk about estate planning.” What can you do if you want to get serious about estate planning, but your spouse doesn’t? Here are a few suggestions:
“Richard Kahler died on December 30, 2015.” Receiving that headline in a Google Alert certainly gave me a jolt. Of course the obituary was for a different Richard Kahler. He shared my love for travel; I’m sorry we never met. Even though I’m not ready to see it used, I have already written my own […]
One of the reasons so many of us procrastinate when it comes to estate planning is a reluctance to think about death and dying. Another reason that may be even stronger is the need to make decisions. It’s not so hard to make an appointment with an attorney to draft a will. It’s much harder […]
One of the challenges in financial planning is the strong taboo in our society against talking about money. Another powerful taboo is talking about death when someone has a serious illness. Given this strong reluctance to talk about both money and dying, how can you work with a financial advisor to deal with the financial […]