If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
There are so many things to consider when having a baby! Here is financial checklist to get you started.
Getting your finances into shape can appear daunting. Breaking it down into categories can help simplify the process. There are five main categories that everyone should tackle.
Getting remarried later in life can actually bring about a host of financial and legal issues that are much different and more complicated than they are for younger couples just starting out. Here are some common problem areas you need to think about, and some tips and resources that can help.
By Jan. 1, 2013, not only will millions of people owe up to 20 percent more in estate taxes, but their options for asset protection will be significantly worse, as everything over $1 million will be subject to the highest rate of taxation. Not fully exploring your options now could prove very costly.
Money is about emotions. This is a primary reason that people blow through their money so quickly. They don't know what they are doing, but are convinced that they do. By the time they figure out their lack of knowledge, they are broke.
To protect their assets, some gay and lesbian couples resort to the last remaining way they can choose to be recognized as family by the court system -- they adopt each other as if they were parent and child. But here are three reasons that's a bad idea.
The letter stated that I was "obviously responsible" for "taking care of your husband's obligations" and that if they did not receive payment in full within 30 days, they would take further action. Did I mention that almost all of the officers of said financial institution were guests at our wedding? And his funeral?
Without a doubt, there's a huge chasm between the current exemptions/rates and the proposals. Does a senior optimistically plan for the $5 million exemption or look to a much pricier reality with the exemption at merely $1 million?
You might be thinking..."I don't have an estate to plan." Or, "that's only for the 1 percent so they can avoid taxes." No matter how much (or little) money we have, we need a plan.
In this Internet era, your legacy will likely live on long after you die. Do your family a favor and spare them from having to deal with these issues by addressing them now.
Transferring your home to your children is a clumsy method of trying to accomplish your estate-planning goals. Having counseled thousands of families , I can tell you that this well-intentioned transfer is more likely to do harm than good.
Social media is a part of daily life, but what happens to the online content that you created once you die? Take these steps to help you write a social media will.
While there are only so many risk factors you can control, it doesn't mean you can't, or shouldn't, plan for the unexpected. Here are three steps you could take to help you prepare for an emergency.
Congratulations on finding love later in life. Don't be put off by all the important financial decisions you'll need to make together, but do be informed, so your marriage gets off on the right foot.
The resistance to the process is as logistical as it is ontological, because estate planning is linked to the unpleasant task of death planning, and who wants to think about that? But when children come into the picture parents often enter the Kingdom of Anxiety, and concerns about what we leave behind are harder to sweep under the carpet.
Parents would rather talk about pretty much any other part of their personal life than leaving behind their children. But when they finally do start talking, almost everyone has the same misconceptions.
