by designonetest | Jan 3, 2016 | Estate Planning, Estate Tax, retirement planning, Uncategorized
Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to...
by designonetest | Jan 2, 2016 | Estate Planning, retirement planning, Uncategorized
With cases of financial exploitation of the elderly on the rise, advisors who work with older clients are looking for ways to head off the abuse before it happens. Enter the “Emergency Contact Authorization Form,” a document in which clients can list a trusted person...
by designonetest | Dec 31, 2015 | Estate Administration, Estate Planning, Special Needs Planning, Uncategorized
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered...
by designonetest | Dec 30, 2015 | Estate Administration, Estate Planning, retirement planning, Uncategorized
You have read tons of information this year and often some of the most important information can be overlooked, or requires a 2nd or 3rd take before sinking in. In case you missed any of them, here is a rundown of six hot estate planning topics we covered this year: 5...
by designonetest | Oct 19, 2015 | Estate Planning
And you thought you had to wait until Halloween to celebrate something. Think again! In 2008 the National Association of Estate Planners & Councils (NAEPC), in conjunction with Rep. Mike Thompson (D-CA) and 49 of his colleagues, helped pass a law which declared...
by designonetest | Oct 19, 2015 | Estate Planning, retirement planning
The results of a study recently conducted by Texas Tech University revealed that the ability to make smart financial decisions peaks at age 50. The subsequent post-age-50 decline was observed in both men and women, making both sexes similarly susceptible to financial...
