“One of the most important considerations is how to structure ownership of the asset to maximize your estate and tax planning. This will depend on the laws of the country where the asset is located as well as your own citizenship. Have you thought about who will receive the asset when you die, and whether…

“In his inimitable, humorous fashion, Chris Hoyt, professor of law at the University of Missouri-Kansas City School of Law, shared some helpful strategies for making charitable gifts that save income as well as estate taxes at the 53rd Heckerling Institute conference. First, Professor Hoyt explained how donors can get tax savings from charitable gifts when…

“New year, new you … or, at least, that’s the plan. Maybe your New Year’s resolution is to watch less TV, learn a new language or exercise more, and for the next few weeks, you’re diligent about sticking to your goals. But as the year goes on, work, social engagements, family obligations and other responsibilities…

“Now as Boomers enter their 60s and 70s, they are more focused than ever before on managing their family legacies. The 2018 U.S. Trust Insights on Wealth and Worth Study found that 67% of individuals over age 50 want to use their wealth to invest in their children and grandchildren. Further, many are doing more for their children than their own…

“There are two widespread errors in estate planning. One error is not to have a will or other key elements of a plan. The other error is to fail to update the will and estate plan. This article isn’t for those who still haven’t established at least a basic estate plan. But if you have an…

“How do you plan retirement for a couple who is 10, 15 or 30 years different in age? Retirement planning is personal – no two couples are alike. However, “May-December” relationships pose unique retirement planning challenges. Most married couples have a small age difference (less than three years). About five percent of first marriages and…

“Thanksgiving traditionally includes football, family, and fowl. In my opinion, it should also include estate planning. By this I do not mean deposing your parents at the dinner table about their long-term investments or interrogating Grandma about the contents of her vault. I do encourage, however, general conversations about taking care of one’s stuff(ing).  In addition…

“Every individual owns an estate, no matter how large or obscure it might be. What most young people fail to understand is that preparing an estate plan early on helps to lay a secure foundation for their family’s future. Why? Because you’re providing for them and ensuring your legacy will live on when you’re no longer around….

“If only millennials had more money, they would be at the top of every investment adviser’s list of target markets. Today, millennials (born from 1982 to 2000 and numbering 83 million in the U.S.) comprise one-quarter of the U.S. population and now outnumber baby boomers (born from 1946 to 1964).  The problem is that millennials control…

“Many young families put off estate planning. If asked, they may say they are too young, healthy or can’t afford it. Some have trouble just thinking about what could happen if they should die while their minor children and spouse are depending on them. But even a healthy, young adult can be taken suddenly by…

©2016 Marsalese

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