Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Estate Planning Basics

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estate planning

What A Will Can And Cannot Do

September 1, 1999

A will is one of the simplest yet most powerful documents you can write. A will can decide what happens to valuable property, even billions of dollars worth. It can decide who becomes the guardian of minor children, who controls a business or other entity, and how much of your wealth goes to the government. […]

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Tips on Handling Uniform Gifts to Minors Account (UGMAs)

August 1, 1999

I’ve been hearing a lot from parents and grandparents who set up Uniform Gift To Minors Act accounts for the youngsters and now have second thoughts. The problem with these accounts, as I’ve reported in past visits, is that once the child hits age 18 (21 in some states), the account is all his. There’s […]

Estate Planning

The Tax-Free Life Insurance Trust – An Estate Planning Strategy

June 1, 1999

There’s a big down-side to the boom in stocks and other financial assets. When the value of the assets you own goes up, so do potential estate and gift taxes. If you don’t take action, the IRS could end up with more of your estate than your loved ones. One easy way to handle the […]

estate planning

Essential Estate Planning Strategies for Married Couples

March 1, 1999

Estate planning doesn’t have to be a complicated ordeal full of words and concepts that only lawyers understand. For most married couples, there are two tools that are part of almost every estate plan and three trusts from which to choose one or more. They are the foundation of every estate plan. There are other […]

estate planning

10 Basic Rules For Estate Planning

January 1, 1999

You need an estate plan, and this is the time of year when many people consider finally drawing up or revising their plans. An estate plan should be tailored for the individual. Contrary to what you’ll hear in some estate planning seminars, there aren’t many strategies that should be in every estate plan. But there […]

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How to Maximize Power Of Gifts in Your Estate Planning

November 1, 1998

Gift-giving season is on the way. Many people use this time of year to make not only the traditional holiday gifts, but also to make gifts as part of their estate plans. Annual gifts are a powerful part of any estate plan. If you are going to make gifts, you might as well get the […]

Estate Planning Strategies for Tax-Wise Funding of Grandchild’s Education

August 1, 1998

Grandparents and their adult children agree: A critical concern for both is how to pay for the education of the grandchildren. The grandparents, of course, can help. By using the tax law effectively, you can help pay for a grandchild’s schooling with the lowest cash outlay possible. Last year, Congress created the Education IRA. These […]

estate planning

5 Worst Estate Planning Mistakes

August 1, 1998

When I was growing up in suburban northern Virginia, near our home in the midst of the developing sprawl was a large, untouched tract of land in a prime location. Despite the obvious money to be made in developing the land, it sat for a couple of decades. Throughout northern Virginia, similar tracts could be […]

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