Common Estate Planning Mistakes

The most common way to transfer assets to your heirs is also the messiest: to have a will that is so out of date that it doesn’t relate to your property or estate, to have your records scattered all over the place, to have social media, banking and email accounts whose passwords only you can […]

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What You Can Do with a Will

A will is often the cornerstone of an estate plan. Here are five things you can do with a will.

Distribute property as you wish
Wills enable you to leave your property at your death to a surviving spouse, a child, other relatives, friends, a trust, a charity, or anyone you choose. There are some limits, however, […]

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Does Your Business Need a Buy-Sell Agreement?

When you’re mired deep in the day-to-day challenges of the management of your business, it’s often hard to step out of the trees and take a good hard look at the forest. But at various points in the business cycle, it’s important to do just that. For example, one of the key decisions you’ll need […]

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Future of the Federal Estate Tax

While no one can predict the future, the possibility of tax reform is once again in the spotlight. If it occurs, it may very well include repeal of the federal estate tax and related changes to the federal gift tax, the federal generation-skipping transfer (GST) tax, and the federal income tax basis rules.

History of the […]

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Why Older Adults Are So Susceptible To Financial Fraud

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A survey from 2010 revealed that Americans over the age of 65 years old reported that they had fallen victim to financial fraud or abuse.

Studies have been conducted to find out as to why older adults [for this instance baby boomers] are more susceptible to abuse and scams. A study conducted by […]

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The Power And Potential Of Purposeful Aging

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There are outdated stereotypes about elderly adults and what their capabilities are, however they can provide major benefits to the challenges that our society faces.

Elderly adults can give back to society by volunteering, being co-workers, serving as mentors, and as entrepreneurs. With their emotional stability, experiences, and wisdom – elderly adults are […]

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How To Get Past The Resistance To Hire A Financial Advisor

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Author Michael F. Kay writes a three-part series about why individuals should hire a financial advisor, and how to overcome the resistance of doing so. The three part series is broken down as follows:

1. Part I – why individual do not seek out help,

2. Part II – 4 major questions for an […]

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Can A Person Leave Their Step-Children Nothing If Spouse Dies Without A Will?

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New marriages where one person, or both, brings children into the relationship raise the question of “can a person leave their step-children nothing, if the spouse dies without a will?” Surprisingly, cases involving stepparents and stepchildren are very common.

It’s important to ensure that all documents are aligned and have the beneficiaries properly designated […]

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10 Ways To Fend Off Medicare Surtaxes And Social Security Givebacks

Listed below are 10 ways to fend off Medicare surtaxes and social security givebacks:

  1. Maximize retirement
  2. Have an HAS
  3. Avoid state refunds
  4. Use your IRA for charity
  5. Recognize capital losses
  6. Own index funds
  7. Taper your career
  8. Own munis
  9. Leverage rental property
  10. Optimize your divorce


Visit the original Forbes Article to learn more in-depth details about each of these 10 ways.

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6 Reasons To Revise Your Estate Plan As Soon As Possible

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While creating and having an estate plan is an accomplishment in itself, it is also important to maintain it. Periodically you should revisit your estate plan and make changes as needed.

For example, six reasons to re-check your estate plan:

  1. Divorce
  1. Re-Marriage
  1. Birth or Adoption of Children
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