Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Your parents were watching over you, smiling and encouraging, as you took your first tentative steps. As a teenager, they handed you the keys as you took the car out on your own for the first time. They were there with guidance and advice, sometimes requested and sometimes not, as you left childhood and navigated young adulthood. Now that your parents are entering their twilight years, they are the ones taking … [Read more...] about Helping Your Parents Through Their Twilight Years
Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys Picture this: at the end of your long, fulfilling life, surrounded by your extended, loving family, you say goodbye and peacefully leave this world. And then... your family declares war on each other. Suddenly, family members are unhappy with the contents of your estate plan, and old rifts between loved ones reopen, possibly never to heal. Where do the disagreements end? In litigation, where your estate is … [Read more...] about One Big Happy Family: How to Avoid an Estate Dispute
Compliments of Our Law Firm, By: The American Academy of Estate Planning Attorneys "You may delay, but time will not," Benjamin Franklin. Everyone knows that they need an estate plan, but few of us do anything about it. In fact, according to a 2007 study, more than 55% of Americans don't even have a simple Will. And yet, the clock is ticking for all of us. So why don't more of us actually put together an estate plan? For some, it's a morbid fear that by thinking about death, we'll hasten it. … [Read more...] about 10 Essential Estate Planning Facts
A Roth IRA has some important distinctions from a traditional IRA, and, depending on your tax bracket, your retirement needs, and your estate planning goals, a Roth could be a much better option for you. So, what's the difference between the two types of IRAs? The Traditional IRA A traditional IRA is a "tax-deferred" retirement account. This means that contributions are generally tax deductible for the year in which you make them, but when you retire and begin to withdraw money from your … [Read more...] about Why are Roth’s Such a Big Deal?