If a child you’ve added to your deed goes through a divorce, has tax issues, is sued by someone, or must declare bankruptcy, your house could be on the chopping block!
Should You Put Your Child’s Name on the Deed to Your House?
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Estate Planning & Elder Law Blog
Is It Possible to Split an IRA?
Like most assets, you can inherit an individual retirement account (IRA) after the owner’s death. For spouses, inheriting an IRA is a relatively straightforward process.
Making the Most of Your Estate with Irrevocable Income-Only Trusts
Having Your Cake and Eating It Too Recently a healthy single woman came to my office with the following demand: “Protect my money in case I ever enter a nursing home, make sure my children do not pay any capital gains tax on the appreciation of the assets, and protect...
How Does Guardianship Work?
If you haven’t had any experience with guardianship for adults with dementia, it’s likely you don’t understand just how complex it is. You are not alone.
New Jersey Irrevocable Trust Law: What You Need To Know
Are you a New Jersey resident considering an irrevocable trust to protect your assets and plan for your family's future? Understanding New Jersey's specific trust laws is essential before making this important decision. This guide covers everything you need to know...
Dual Citizenship and Estate Planning
What is dual citizenship and why might it be important for estate planning purposes? Dual citizenship occurs when a person holds citizenship in two countries simultaneously. There are a number of ways that dual citizenship can come about, including birth, marriage,...
Should I Have a Trust in My Estate Plan?
A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust.
Can You Gift Money on Your Deathbed?
One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
Where Can I Retire Abroad If I Only Speak English?
Check out these English-speaking options for retirement abroad.