An estate plan's goal is to find strategies that combine asset preservation, tax advantages, and flexibility. One such strategy is to create an intentionally defective grantor trust (IDGT). Despite its seemingly contradictory name, an IDGT can be a valuable tool…
After the death of a loved one, there is a period of mixed emotions as we deal with the loss and receive an inheritance. The loss of a loved one is sad but the influx of funds can bring joy…
Waiting to discuss finances with your aging parent, who may already be experiencing cognitive decline, is a mistake, say financial experts. Gathering all the information you need for a complete financial assessment of their aging needs will require time. Asking…
It’s essential to have conversations with your aging parents about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to the security of their…