The fact is, there are those who simply do not want to leave anything to their families for reasons they choose to keep within the family. Those reasons, while we never know for sure the details, are often deep and long-running. Topics covered in this report include: Reasons for not telling Reasons to tell Click here to read the whole article or download the PDF. … [Read more...]
Yes, Estate Planning Matters
Our country, as a whole, has seen many shifts in the financial and healthcare sectors in recent years. The Affordable Care Act really changed everything – especially the way Americans see healthcare. While the internet provides instant access to anything you can imagine, it’s also prone to many experts with ulterior motives doing their best to shift the facts and of course, information is subjective. What one person reads and takes away from any website might be construed in a different way by … [Read more...]
The Risks of No Contest Clause
In a perfect world, our wills would serve only to better the lives of our loved ones after we’re gone. There would be no hard feelings, no disbelief, anger or threats after heirs learn the contents of a will. Too many times, though, families split because of their inheritance (or lack of). A no contest clause is one way of limiting those battles, but there are a lot of moving parts you need to understand before including this clause in your estate plan. The Basics A no-contest clause basically … [Read more...]
The Elderly and Pets: a Beautiful Match
Most of us see our pets as part of the family. They go on vacation with us, they have their own spot in the house where they’re most often found napping and they prove their loyalty to us on a daily basis. For many families, elderly and pets are often a beautiful match and can offer many benefits, including lowering their stress levels. The Elderly and Pets “A new pet can stimulate someone to read up on an animal or breed, which can be very mentally stimulating and important at that age,” says … [Read more...]
Understanding Capital Gains Taxes in Essex Junction Vermont
Here it comes – that dreaded word: taxes. Coupled with “capital gains” and most people cringe when they hear it. Those who haven’t had to wrestle claim capital gains taxes yet eventually realize why just the thought of it is so overwhelming. In short, it boils down to the IRS and its cut on monies we've earned when we sell those big ticket items like stocks and real estate. She Said Yes…Then No Taking a step further, a capital gain is what happens when you sell an asset for more than what you … [Read more...]
Advantages of Using a Trust
There are numerous advantages to creating a trust. The biggest advantage is that you can save your loved ones the time and hassle associated with going through probate court. If your estate is subject to estate tax, having certain types of trusts can help lighten your liability – if not diminish it completely. There are some cases where trusts have more advantages then others, but it all depends on your family and financial situation. Probate Court One advantage of a trust is that your … [Read more...]
