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Tag Archives | Estate Planning

Protect Yourself From Elder Abuse

As a long-time financial planner, I’m seeing more and more clients reach, not just retirement, but their final years. An especially important issue at this stage of life is how to protect your financial resources from an unexpected threat—yourself and those closest to you.

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SECURE Act Passes; Review IRA Estate Planning

The Grinch who stole Christmas is alive and well this year—in the US Congress. Our Representatives and Senators passed a bill that negatively affects the middle and working class by changing the rules of passing on an IRA. Now adult children who inherit IRAs will be required to drain them within 10 years and pay […]

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Who Owns Your Credit Card Reward Points?

Do your credit card reward points belong to you? For frequent travelers, who often choose credit cards based on reward programs, accumulated points can be worth thousands of dollars. Whether points are an asset that can be transferred to an heir is another matter.

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Tax Avoidance and Tax Evasion Not the Same

Is a carefully executed plan to minimize income or estate taxes also a tax dodge, scheme, avoidance trick, or scam? It depends. I have seen all those words used by the media to describe both tax fraud and legitimate tax-reducing strategies. A case in point is an October 2 story in The New York Times, […]

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Legacy Parenting and Financial Planning

Fiduciary, client-centered financial planning is dynamic, ongoing, and evolving. The collaboration between client and planner is a relationship that often lasts for a client’s’ lifetime. Sometimes that relationship even extends beyond a client’s lifetime if they have children or leave money to a foundation. Children may become the stewards of their parents’ financial legacy via […]

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