Articles Posted in Estate Planning

What are collectibles? According to the IRS, collectibles includes works of art, rugs, antiques, any metal or gem (with exceptions), any stamp or coin (with exceptions), valuable alcoholic beverages or “any other tangible personal property that the IRS determines is a “collectible” under IRC Section 408(m)”. Quite often people don’t have any idea how much…

Estate/financial planning when suffering from a terminal illness is a two stage process. The first stage comes during the illness when finances need to maximized to treat the illness. If you are terminally ill and still working it can make a significant difference in terms of cash flow. Group disability benefits may be available through…

Over 80 million people in the U.S. have at least one pet. That’s 65% of all households. Cats are more popular than dogs, but that’s still a ton of pets. There is a very good chance that they are treated as family members. Unfortunately, many people don’t include their furry loved ones in their estate…

Parents with special-needs children need to take special care when estate planning to insure their child will be provided for not only financially but also physically and emotionally. An article in Forbes by financial planner Christopher Young addresses these issues and suggests 4 financial planning considerations if you have a child with special needs. Do…