Insolvency risks threaten Medicare and Social Security, according to a government report. Social Security will have to start spending down, potentially including massive cuts in payments to recipients by 2035. Likewise, Medicare will be forced to leave patients on the…
In light of the potential lowering of the federal estate tax exemption allowance, it might be time to rethink how you plan on passing generational wealth to your descendants. Senate Democrats are proposing to lower the current estate tax exemption…
Taxes on gifts are charged when assets are transferred without equal consideration. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual or lifetime. If the…
Throughout the world, there are constant reports of bad news increasing our stress. Injuries and illnesses can also cause stress and chronic pain can be especially stressful. So finding ways to release and cope with pain and stress help people…
In general, an annuity consists of an annual payment that is made for the rest of the annuity owner’s life. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if…
Personal injury lawsuits may result in a lump sum award or a structured settlement that is paid out over time. You may opt for a substantial initial amount with lesser succeeding payments to provide for lost income. These payments don’t…
Divorce is rarely an easy process. It is a stressful and emotional experience. There are many factors to consider that may also change over time. For younger couples, children are likely a top concern. For older couples, a long-term home,…
Legally, probate is the process of authenticating the will of a deceased person, reviewing their assets, paying their debts and taxes, and distributing their remaining assets to their heirs. After an asset-holder dies, the court will appoint a valid will’s…
When you die, your last will and testament specify what you would like to happen to your dependents and your property. If you have people who you love and care for, then creating a will for your peace of mind…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
