by Carol Grant | Jun 9, 2022 | Estate Planning
If you’re married, you are eligible to use a joint trust instead of having individual trusts. This recent article, “Joint Revocable Trust: Estate Planning” from aol.com, looks at the pros and cons to see if it makes sense for your estate plan. A trust is a legal...
by Carol Grant | Jun 9, 2022 | Estate Planning
For seniors enjoying the romance and vitality of an unexpected late-in-life engagement, congratulations! Love is a wonderful thing, at any age. However, anyone remarrying for the second, or even third time, needs to address their estate planning as well as financial...
by Carol Grant | Jun 3, 2022 | Estate Planning
There are a few dangers of adding someone as a joint owner of a bank account instead of using a Power of Attorney. A person with Power of Attorney for their parents can’t actually “add” the POA to their bank accounts. However, they may change bank accounts to be...
by Carol Grant | Jun 1, 2022 | Estate Planning
Once you celebrate your 72nd birthday, the IRS requires you to take a required minimum distribution amount from IRAs or other tax-deferred retirement accounts. Most people take the minimum, says a recent article from Kiplinger titled “Should You Take an Extra Big RMD...
by Carol Grant | May 16, 2022 | Estate Planning
COVID-19 has created unprecedented burdens for caregivers. This is especially true for those in the “Sandwich Generation” who live in multigenerational households with their older parents and their own children. A record 41 million Americans are serving as caregivers...
by Carol Grant | May 9, 2022 | Estate Planning
When it comes to drafting a will and other estate planning documents, note that you probably should revisit them many times before they actually are needed, advises, CNBC’s recent article entitled “Be sure to keep your will or estate plan updated. Here are 3 key...
