If you’re one of the many parents who shipped your child off to college earlier this year, you were probably caught in the whirlwind of orientation, move-in day, tuition, roommates, food money, and much more. In the midst of all the adventurous chaos, you may have overlooked some important considerations along the way. But don’t […]
Medicaid trusts are often implemented when an individual may need future nursing home care, and desires to preserve assets for their healthy spouse or their children. The grantor enters an arrangement whereby they give up rights to property supporting their current lifestyle and future financial needs, in order to position themselves to be a better […]
When a friend’s mother died several years ago, they discovered that she had written down exactly what she wanted at her service, from hymns and scripture verses, right down to the silver trays that were to be used at the reception. While we chuckled at her uber-preparedness, the reality was that the family had a […]
You may be surprised to learn that even if you don’t have a written will, your state of residence has a plan in place for the disposition of your assets; this is called dying intestate. If you die without a will, your spouse won’t necessarily inherit your entire estate. State laws typically entail dividing the […]
For many, home ownership is considered part of the American Dream. Your home can also represent your largest financial asset. What happens when you spend down your retirement savings and your remaining assets are tied up in home equity? Income becomes an issue and you may be forced to sell your house; but what if […]
You recently graduated from college – you have your shiny new degree, a great job and are ready to tackle the world. Congratulations! Now is the perfect time to think about the best way to manage your newfound income. Maybe you’re living on your own and need help navigating your expenses. Perhaps you’d like to […]
If you happen to be charitably inclined there are a number of ways to stretch your contributions, reducing your tax burden and increasing funds to deserving organizations. Before writing a check, consider the following charitable contribution strategies: IRA Charitable Rollover Provision – Made permanent in December through the PATH Act of 2015, this law permits […]
Renovating your home is a great way to increase your equity and improve your current quality of living! Depending on your situation, you have a few options in financing these upgrades. Home Equity Loans – You may be eligible for a second mortgage based on your existing home equity. Home equity loans are paid in […]