The practice of estate planning is continually changing as people's needs continue to change. One area where this is evident is in the growing importance of accounting for digital assets in one's estate planning documents. Digital or virtual assets are those which are...
On Wednesday, Michael Jackson's three children were assigned a new guardian as part of a growing power struggle over the late entertainer's multimillion-dollar estate. The new guardian, Tito Jackson, was appointed at his request after a week of conflicting reports...
Trusts can be greatly useful tools when it comes to estate planning. Part of making use of trusts for estate planning is determining what financial vehicles will be used to fund them. One option is to make use of life insurance for this purpose. One particular option...
In out last post, we began looking at the importance of funding for long-term care. For some people, this will entail purchasing long-term care insurance and setting aside funds years in advance. For many others, there will be no planning but only responding to the...
A recent article in Forbes magazine took a look at various financial risks, 13 to be precise, that can be avoided. The various risks touched on occur because no action was taken, insufficient action was taken, or too much action was taken. Interestingly, and...
In a recent article written for Forbes, Deborah Jacobs spoke about the topic of who needs estate planning. As she noted, there are a number of people out there who tend to write off the idea of estate planning, thinking that it doesn't apply to them, that it isn't...
As our regular readers know, big changes are presumably in store for estate tax law for 2013. While each taxpayer currently has a $5.12 million lifetime federal estate/gift tax exemption, that number could drastically decrease if Congress doesn't take action by the...
