Are You Ready for the 2011 Tax Changes?

If ever there was a time to call your estate planning or tax attorney, now is that time. The tax cuts instituted by the Bush administration in 2001 and 2003 are set to expire in 2011 unless Congress does something to stop it before the end of this year.  There are many proposed bills up for discussion right now but it’s anyone’s guess which, if any, will be passed in time. If you are a single person earning Read More

What Do You Know About Long Term Care and Medicaid Planning?

When was the last time you actually looked at your estate plan? Have you ever seen your parents' estate plan? Many people don't like to even think about their parents aging and the eventual need for long-term care, much less their own. Changes in Medicaid eligibility requirements have taken place in the last four years or so that make this "ostrich approach" to one of life's unpleasant facts a very expensive Read More

Traditional vs. Roth IRAs – Which is the Better Choice?

The talk this year about changes in the availability of Roth IRAs has raised questions from many people eligible for the benefits of these individual retirement accounts. One of the hottest topics of discussion is the advantages of a traditional IRA versus a Roth IRA, and whether or not you have to convert your traditional IRA to make it a “stretch” IRA. First of all, the answer is no, you don’t have to convert Read More

Summertime and the Living is Easy

Summertime in the U.S.A. Kids live for it… Parents spend much of the year trying to plan for it… It’s the perfect time of year to get out of our comfort zone and break free from the safe routine of daily life.  Yet along with pushing those boundaries and living the adventure comes the increased possibility of accident or injury - those unexpected events we spend the least amount of time planning for and years Read More

The 15 Estate Planning Mistakes That Could Leave Your Family in Danger (Part 1)

Does Your Plan Make One of These 15 Fatal Mistakes that Can Endanger Your Family, Result in the Government Taking Too Much of Your Money, and Leave Your Family With a Huge Problem? (Part 1 - Counting Down: Mistakes #15 -11) Regardless of whether you've prepared a plan for what will happen in the event of your death or incapacity, a plan is in place.  It’s the people you love the most who are going to have the Read More

“The Kids Are Alright” Authors: Protect Your Kids

Orphaned Children and Authors of the Bestselling Book “The Kids Are All Right” Partner With Personal Family Lawyers® Nationwide to Ensure Parents Have Affordable Access to Name Guardians for Kids Liz and Diana Welch, bestselling authors of the Kids are All Right and daughters of late soap star Ann Williams have partnered with a national team of lawyers to make sure parents have affordable access to name guardians Read More

Citibank Does Customer Service Right

Citibank has been taking a bit of a pounding in the press lately - most recently on the front page of the Wall Street Journal because of their $400 million deal for naming rights to the New York Mets' new stadium (while also accepting TARP money). But, I have a very nice story to tell about Citibank. I have a business credit card with Citibank. It comes with a very low interest rate (the kind of interest rate that Read More

Can’t Pay Your Mortgage? Don’t Pay a Fee For a Loan Modification Until You Read This!

If you are having trouble paying your mortgage or afraid you might be in trouble once your adjustable rate mortgage (ARM) resets, please read this blog post by Alexis Martin Neely, founder of the Family Wealth Planning Institute. Read More

The 5 Documents Every Parent Needs in 2009

Today, I am passing along a true story originally published in Parents magazine. This story is repeated more often than you realize. The sad part is that this should not happen to any family... When Aliina Laine was 8, her mother died suddenly, leaving six children, ranging in age from 8 to 26, and no will. After his wife's death, Aliina's father decided to write a will, but he died of a heart attack five weeks Read More

Have You Read Paul Newman’s Will?

What's the story with Paul Newman's will? As is often the case with celebrity wills (Heath Ledger, Leona Helmsley, and Anna Nicole Smith, most recently), Paul Newman's will is posted to the Internet. You can go ahead and read it here if you're interested. There is a lesson for you in Paul Newman's will. It's this - all wills are public documents when they are filed with the probate court. Yours will be too. Now, Read More