It seems like every day we receive pleas from charities to make donations for their cause. Some we recognize; others, well, you may never have heard from them before. Especially with the topsy-turvy world we have been experiencing with Covid-19, most legitimate charities have noticed a decline in contributions. It is sad for those legitimate […]
An occasion – birthday, religious holiday, cultural holiday – is in the near future and you are thinking of gifts that you can give to others. We surf the internet, go to stores, think of that “perfect” gift, or even perhaps just give in to gift cards, but have you considered giving a gift from […]
Yes, you have heard the expression “You are rushing the season”. However, it usually does not pertain to tax season! It is never too early to think about getting things organized. Before we know it, the calendar pages will be changing to a new year – 2022. Why would you want to start getting organized […]
You are married and you own everything jointly with your spouse. You don’t have much in the way of assets. All of your assets are beneficiary designated – retirement accounts, life insurance policies. All of your assets are jointly owned. All of your assets are in a trust. The above scenarios may lead you to […]
Let’s face it – as we get older, we tend to forget things. But, when we seem to notice it more and more, when do we need to get concerned? While this blog is not meant to be medical advice, it may help you put some things into perspective for either yourself or a loved […]
As we near the end of the year (it will be here before we know it), you may be thinking about donations to charities. But, then you remember you don’t itemize deductions on your income taxes, so does it really matter when you make your charitable donation? Last year, there was a deduction of up […]
We are using the digital world more and more with each passing day. Not only do we use it for communicating and entertainment, but we also use it for storing and accessing our asset information. You may know your logins and passwords, but what happens if you pass away or are not able to access […]
Based upon your age, you may be required to take minimum distributions from your retirement assets. If you don’t, then unlike in 2020 when the requirement was waived, failure to take your RMD may cause you to be surcharged. And, the surcharge could be 50 percent of the amount you should have taken. With less […]
Whether or not you follow all of the activity and talk happening in Washington, one topic that you might want to keep an ear open for is the federal estate tax discussions. Currently, for a decedent dying in 2021, the federal estate tax exemption/exclusion is $11.7 million. You may think that you are “safe” in […]
Chances are, if you purchased your home from a third party, you know exactly how your home is titled – meaning whose name is on the deed. But, what if your home has been in the family for generations and has passed among family members. Is YOUR name on the deed? Don’t know? Well, here […]
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