President Obama hopes to change the tax laws to take away or limit many estate plan strategies that save taxes for families. Grantor Retained Annuity Trusts, annual exclusion gifts and generation-skipping trusts are but a few of the items on the hit list. Moreover, Obama wants to rollback the estate tax exemption to $3.5 million… Continue Reading
Author Archives: John
Shout Out!
Thank you Eileen for the Shout Out in the March 4 newsletter! http://www.bothellchamber.com/
Aging Affects Financial Decision Making
There is a strange phenomenon recently reported about how aging affects financial decision making process. Interestingly, as would be expected, as people age their financial literacy declines. However, older people’s self-confidence, and in particular their confidence in managing their finances, does not decline nearly as fast. So they may be making financial decisions without assistance… Continue Reading
Difficulty Accessing Online Accounts
Google lets its users assign their online accounts to a beneficiary in the event of their death. The company will contact the beneficiary if the account is unused for a certain period of time. Twitter permits an executor or a verified family member to deactivate a decedent’s account as long as a death certificate and… Continue Reading
Living Abroad Can Affect Long Term Care Insurance
More and more Americans are retiring abroad. What does this mean for your Long-Term Care Insurance coverage? In many cases, benefits will either be reduced or the time period for which they are paid will be shortened. For instance, Genworth tends to cut its benefits payments in half if you reside outside the U.S., and… Continue Reading