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A new study reveals that women can still expect to live longer than men on average; however, women suffer from more disabilities in those extra years. For some time, estate planning for older married couples has been based in part on the assumption that the wife would outlive her husband. While it does not happen […]
Tag Archives: Estate Planning
Farmers who have more than one child have an estate planning dilemma. The most valuable property they have is almost always the land and the farm equipment. If all of the children are not interested in farming, it can be difficult to give them all an equitable inheritance. Farmers with multiple children have two seemingly […]
Americans are familiar with prenuptial agreements that detail how a couple's property will be divided in the event of a divorce or death. In most states spouses can reach similar agreements after they get married. The Wall Street Journal reports that the use of postnuptial agreements is increasing in "Why Postnuptial Agreements Are on the […]
The right to refuse life-extending medical care is well-established in the U.S. Millions of Americans have living wills instructing doctors not to give them certain kinds of treatment. In Japan the idea is a novel one and being hotly debated. In the United States when you prepare your estate plan, you will be asked if […]
The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the same changes to the tax code he has previously attempted to implement. While there appears to be little chance the Republican […]
That a schoolteacher from the Kansas City area left the bulk of her estate to the local Jesuits did not come as a big surprise to anyone, but the size of her estate surprised everyone. For people who knew Anna Kurzweil there was no indication that she was a wealthy person. She grew up on […]
The idea of freezing a person's brain and bringing it back to life years in the future, when science is advanced enough to do so, has long fascinated science fiction fans and even led to some people having their heads frozen after they pass away. Scientists might be one step closer to making it a […]
A recent study on the differences in charitable giving between the self-made wealthy and those that inherit wealth could have estate planning implications. A few years ago Bill Gates proclaimed that the first-generation wealthy are more generous to charities than the dynastic wealthy. In other words, those who made the fortune give more than those […]
One of the best times to review your estate plan or to get one, if you do not already have one, is when you are doing your yearly taxes. Even if you have the assistance of an accountant, filing your income tax return can be a time-consuming and frustrating process. Most people want to get […]
If the best candidate to appoint as the executor of your estate lives in a different state than you, it is possible to designate him or her. However, there are some drawbacks in doing so that need to be considered. The executor of your estate should be someone trustworthy who has financial acumen and who […]