If you are planning on transferring assets to someone (or are interested in significantly reducing your taxable estate) you should know what the gift tax is. Definition of a Gift To really understand the tax, let’s get clear on what a gift is. Basically, when you transfer something of value to someone else without being […]
Estate Protection
You can do everything right; stay out of debt, save and invest, and your family may still have nothing to show for it if you aren’t careful. This category explains estate planning in plain English so you’ll understand and be empowered to take action the right action. It also describes the simple and inexpensive things you can do to protect everything you’ve worked so hard for all your life.
Note: You should speak to a qualified attorney before taking action. This is not meant to substitute for appropriate legal advice.
When Should I Retire? -4 Step Answer
Every now and then you probably ask yourself, “ When should I retire ?” Is it simply a matter of finances? Or do you retire when you’ve “had enough” and are simple unwilling to take it anymore? Of course there is no one answer for everyone. But you can ask yourself the following questions and […]
What is a Limited Power of Attorney?
What is a limited power of attorney? It’s quite simply an extremely powerful estate planning document that can mean the difference between financial success and failure for your future. What is the purpose of a Limited Power of Attorney? The purpose is to give someone else the legal capacity to do business for you in […]
How to Use a Prepaid Legal Service to Save Money
Have you ever considered using a prepaid legal service like Legalzoom? If so, you’re not alone. We live in a very litigious society and the cost of legal advice is outrageously high. Prepaid legal services offer huge cost savings. But are those services worth it? The answer is – it depends. And as you probably […]
7 Steps for Special Needs Planning
If you have a special needs child all the financial planning you’ve done might be wasted unless you’ve made that child the center of your plan. The rules governing Social Security and assisted living homes for the disabled are complex. And this issue is super important. According to U.S. Centers for Disease Control and Prevention, […]
How To Organize Your Financial Records
Your financial records can be the key to your peace of mind. Unfortunately for most people, those documents are a great source of anxiety and frustration. But that’s all about to end right now. You deserve to not worry about your finances. One important way to have peace of mind when it comes to money […]