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The Clark case, recently issued by the Supreme Court, has shaken the foundation of certainty that IRA accounts are exempt from the claims of creditors. The actual holding in this case found that an inherited IRA worth $300,000, which was received by the IRA owner’s...

The short answer is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter if you are old or young, if you have built up considerable wealth or if you are just entering adulthood —you need a written plan to keep you in control and to protect yourself and...

Probably the most important issue for you as the parent of young children is naming a guardian in your Will.  A guardian serves as a substitute parent and will be responsible for the care and moral training of your child.  The second most important issue is deciding...

Naming a guardian can be a difficult decision for many parents. Here are some questions to consider in evaluating whom you’ll designate as guardian: Parenting style, values and religious beliefs should be similar to their own. Location could be important. If the...

A guardian serves as a substitute parent and will be responsible for the care and moral training of your child. Naming a guardian can be a difficult decision.Some things to keep in mind are: the person named guardian will probably not raise your child because the odds...

Taking care of these will help you travel with peace of mind, knowing that if you don’t return due to serious illness or death, you have made things much easier for those you love. 1. Have your estate planning done. If you have been procrastinating about your estate...

Therefore, for most Americans the 2012 Tax Act has removed the emphasis on estate tax planning and put it back on the real reasons to do estate planning: taking care of ourselves and our families the way we want. Those who might be tempted to skip estate planning...

For many, passing along religious beliefs and values to the next generation is just as important as passing along financial wealth and tangible assets. Estate planning creates many opportunities to do this, including: * End-of-Life Care. A health care power of...

All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to know the client on a deeper level, to uncover hopes, dreams and aspirations. It becomes more...

Every parent wants to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles and other relatives often want to leave some of their assets to young children, too. But good...