Estate planning mistakes happen. Last time we discussed the problems with leaving everything to your surviving spouse. Perhaps a more fundamental problem is “Will Errors.” The main error one frequently makes is not having a Will at all. Failure to make a Will leaves the disposition of your estate to state law, not your wishes… Continue Reading
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“I Love the 70’s . . .”
“I Love the 70’s . . .” Or so the slogan of the VH1 TV series goes. That show has a number of celebrities reminiscing and poking fun at all kinds of things that came out of the 1970’s. Things such as bell bottoms, disco, mood rings, the Brady Bunch, Watergate, exploding Ford Pinto’s and… Continue Reading
Deduct Long-Term Care Premiums From Your Income
Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula. Premiums for qualified long-term care insurance policies are tax deductible to the extent that they, along with other unreimbursed medical expenses (including… Continue Reading
Wills are critical if you have children
Do you have a Will? Do you have children? One of the survey’s most surprising findings was that just 36 percent of those with children under 18 have an end-of-life plan in place. This is a potentially devastating oversight. There are two crucial reasons to have a Will when you have minor children. First, if… Continue Reading