Around the Web: Personal Information May Still be a Risk After Data Breach
If you think you are safe from data breaches and identity theft because you froze your Equifax credit account, you may be sorely mistaken. Due to a security flaw, identity thieves may be able to easily hijack your phone and utility accounts. According to this article, the National Consumer Telecom and Utilities Exchange, an association […]
Planning Charitably: 5 Strategies That Will Save You Money on Taxes
It is recommended that small businesses should donate 6% of their profits and sales to charitable causes. Donating profits can help you and your employees feel like you are making a difference and can even draw in more business. If you want to put your money to good use, you have a couple of options to consider. […]
Around the Web: How the SECURE Act Affects Your Estate Plan
It is important to review your estate plans regularly to adjust for any changes that occur, whether they are legal or personal. This year, that is especially true. The Setting Every Community Up for Retirement Act, or SECURE Act, has made substantial alterations to how certain retirement benefits and IRAs should be treated after death. […]
Common Second Marriage Inheritance Issues You May Not Know About
In the United States, 60% of couples in a second or subsequent marriage have at least one child from a prior relationship. In 2008 one-third of people divorcing were actually re-divorcing (divorcing again). In blended families, it is important to make sure the children from your first marriage are not unintentionally disinherited. To make sure your intentions […]
How To Talk With Your Parents About Long-Term Care
The number of senior citizens in the United States is expected to jump from 45 million in 2010 to 86 million in 2050 thanks to advances in medicine and technology. The growing number of elders means a growing number of uncomfortable conversations with parents and grandparents. One of the topics that should be discussed is aging and […]
New Year, Old Assets: Updating a Living Trust for the New Year
End of life estate planning can be a difficult thing to confront. But that doesn’t mean it’s not important. Most Americans understand how helpful having a living trust is. In fact, 76% of Americans think it’s important to have one. Unfortunately, only 40% of those people actually do have a living trust. And even fewer […]
Around the Web: Understanding the Taxation of Security Benefits
Social Security is a truly wonderful program that distributes nearly 64 million benefit checks to more than 15 million retired workers. These monthly payments also benefit the survivors of deceased workers and those on long-term disability. This is a lifeline many cannot afford to lose. However, many might not realize that your Social Security benefit […]
Around the Web: How to Choose the Right Executor for your Estate
Taking care of loved one’s assets and debts while also grieving their passing is not an easy task. When it is time for you to choose an executor for your estate, there are a few things that would be beneficial to take into consideration. This article by the Washington Post discusses factors that should be […]
The Do-Over: Your Guide to Estate Planning in a Second Marriage
Among people 35 and over, the majority of people who get divorced go on to remarry. The numbers are also growing: 57% of people aged 35 to 44 whose first marriages end go on to enter a second marriage, and 63% of those 45 to 54 do the same. Even half of all people 65 and older […]
Around the Web – Beneficiary Designations that Can Cause Issues
There are many different issues to take into account while making your estate plan, specifically when it comes to beneficiary designations. This article by Forbes highlights seven of the most common issues that can really impact your plan if your beneficiaries were not carefully chosen. While it may seem like a simple task, but there […]