by John C. Martin | Dec 27, 2012 | Estate Planning for Families
Not many parents like to talk to their children about their wealth. How much money people have is usually considered a private matter, something it’s not polite to talk about. But not talking to children about how much they may inherit can leave them unprepared to...
by John C. Martin | Dec 20, 2012 | Long-Term Care
Many wartime veterans and their surviving spouses are currently receiving long-term care or will need some type of long-term care in the near future. The Veterans Administration has funds that are available to help pay for this care, yet many families are not even...
by John C. Martin | Dec 18, 2012 | Estate Plan Maintenance, Tax Planning
IRAs are among the largest assets inherited by heirs and beneficiaries. These accounts have been able to grow to such large amounts because income taxes are deferred until the owner begins to take distributions, usually after reaching age 70 ½. Those who...
by John C. Martin | Dec 14, 2012 | Estate Planning for Families
Many young families put off estate planning because they are young and healthy, or because they don’t think they can afford it. But even a healthy, young adult can be taken suddenly by an accident or illness. And while none of us expects to die while our family is...
by John C. Martin | Dec 12, 2012 | Asset Protection, Beneficiaries, Estate Plan Maintenance, Estate Planning for Families, Gift Tax Exemption, Life Insurance, Living Will, Long-Term Care, Tax Planning, Trusts, Wills
The end of the year will be here before we know it. But there is still time to meet some major estate planning goals. Here are ten things to do before the end of 2012. 1. Have your estate planning done. Set the end of the year as your deadline to finally get...