Insights

Sometimes, we are our own worst enemy.  Parents worry that about have minors receive an inheritance and think that giving the money to adult, such as an aunt or uncle, to manage for the child, is the solution.  Wrong!  It just creates problems.  Here is the most recent scenario: a […]

If you know what your parents' wishes are when they are hospitalized, you will experience a lot less stress.  I had a client call me to get support when his father was hospitalized unexpectedly.    His Read More...

As you probably know, Congress avoided the so-called fiscal cliff by passing – at the 11th hour – the American Taxpayer Relief Act of 2012 (the 2012 Tax Act), signed into law by the President on January 2, 2013. The 2012 Tax Act makes several important revisions to the tax Read More...

Recently, a couple consulted with me with the primary initial concern to make sure they had living wills that would work. The husband shared his personal story of his harrowing experience where hospice would not honor his mother’s wishes in her living will. She had filled out a form on Read More...

I see this happen and really believe it probably is not what Dad thought would happen. Dad worked hard all his life and had a sizable IRA. For ease, let’s say it was $500,000. Dad was married to Mom and had You, his only child. When Mom passed away, Dad was Read More...

If you want to avoid fighting in the family after you die, the clearer you make your intentions known, the better. I worked with a family in which two of the kids had sued the brother over the inheritance. After their mother died, the dad wrote his will and used Read More...