Estate Planning News, Information and Guidance

estate taxes

Estate Taxes: Where You Live is a Big Factor for How Much Your Heirs Will Pay

Estate taxes can take a big bite out of what you leave for heirs — but unless you will be leaving more than $11 million, it is only a major factor in certain states. Currently, the federal estate tax applies only to estates valued at more than $11 million (twice that for married couples). However,…

how to become a millionaire

How to Become a Millionaire… AFTER Retirement…

How to become a millionaire? Increase your wealth? AFTER retirement? Um… No way you might say. So many retirement articles talk about how to make ends meet in retirement. And, most of us are indeed worried about running out of money and ask: “Will my savings really last as long as I do?” However, maybe…

retiring alone

13 Key Tips for Retiring Alone (Or, If You Become a Solo Senior or Elder Orphan During Retirement)

Sometimes it feels like the world is designed for couples.  People throw dinner parties for couples.  Most forms ask about your spouse.  And, let’s face it, retirement and aging — an era when you’ll genuinely sometimes need a helping hand — can feel kind of scary on your own. Whether by circumstances or choice, the U.S.Census…

trusts

Purpose Trusts and More: How to Ensure a Meaningful and Long Lasting Legacy

Preparing for retirement means having a financial plan as well as a good idea for what you want to do during this period of your life. Estate planning has a similar duo of goals: You want to establish a clear instructions for how your money and other assets will be distributed as well as figure…

Henry “Bud” Hebeler in Memoriam: A Life and Retirement Well Lived

Henry “Bud” Hebeler died on August 21, 2017 in Bellevue, Washington at the age of 84. Bud was a graduate of the Massachusetts Institute of Technology, graduating with three degrees, numerous awards and several fellowships.  After graduation he began his career as an engineer at Boeing Aerospace Company and worked his way to becoming president…

average inheritance

Average Inheritance: How Much Are Retirees Leaving to Heirs?

Many of us would like to leave behind something to our heirs.  But, first things first, we need to fund our own lives in retirement and that can sometimes seem nearly impossible.  This article explores average inheritance numbers.  Do you expect to be above or below average? The Big Takeaways Sharing while you are still…

Retirement plan

Does Your Retirement Plan Include a Will?

When the time comes, and it comes for all of us, will your family have the luxury of grieving in peace? Or will they, instead, be burdened with the duty of sorting out your estate because you never got around to making a will? You can make your own decisions and leave a will, or…

Retirement trusts

Expert Interview with Frank Brunetti About Retirement Trusts and Estate Planning

With the world and our culture being more uncertain than ever before, it is exponentially more important to begin thinking about life after retirement, as well as the lives of our loved ones after we’re gone. And while it may be impossible to predict what the economy may be like down the line, all the…

Estate tax

What is an Estate Tax?

They say there are only two things in life that you can’t avoid: Death and taxes. Estate taxes seem to capitalize on both of those certainties, but they might not have the effect that you fear. The only way to know for sure is by learning all that you can about the taxes due upon…

3 End of Life Discussions You Must Have

End of life planning is often the last thing a pre-retiree wants to do. Also known as advance care planning, it’s not usually noted as a top priority due to its seemingly unpleasant nature, but tackling the topic early on not only provides peace of mind, it also ensures affairs will be handled in accordance…

Elder Financial Abuse: Tips for Protecting Yourself from Strangers and Your Own Family Members

As America’s aging population continues to grow, one crime in particular stands to gain from this booming cohort: elder financial abuse. It has already proven to be a $2.9 billion a year business, but nothing has stopped it from thriving. Why? It’s under-reported and misunderstood, according to the 2014 “Safeguarding Our Seniors” study by Allianz…

6 Meaningful Ways to Leave a Financial Legacy to Your Heirs

When approaching retirement, it’s common for people to start thinking about how they’ll be remembered and what they’ll leave behind. In most cases, leaving a legacy for children, grandchildren, or charities and other causes people are passionate about takes careful planning and the advice of a financial planner. Read on for five ways to leave…

Things You Need to Know About Estate Planning

The Necessity of Estate Planning Squaredaway.com, December 3, 2013 Let’s face it, estate planning is not a fun concept to ponder.  Writing up a will is having to pick and choose who in your life is going to get your various assets, and it can’t always be done in perfect impartiality for all of your…

Gandolfini’s estate may get whacked with $30 million tax bill

Late actor’s bequests to family could have hefty costs By Liz Skinner Jul 11, 2013 @ 3:53 pm (Updated 5:02 pm) EST The $70 million estate of the late actor James Gandolfini, best known for his role as mobster Tony Soprano, may owe a cool 40% in estate taxes due to the actor’s generous bequests to…