The loss of a loved one can lead to emotional burden and significant financial debt related to the settling of the estate. If you are the beneficiary of a retirement plan's assets,...
Posted by Karen Munoz, EA on 07/17/2021
People in a long-term committed relationship have many similar financial concerns as couples. There is, however, the absence of the protection and some benefits married couples enjoy....
Posted by Jim McClaflin, EA, NTPI Fellow on 06/18/2021
Many people feel they do not need trust. They believe since they do not have a large estate, they do not need any elaborate planning. They believe it's expensive and complicated....
Posted by Income Taxes and Bookkeeping LLC on 04/30/2021
State laws vary when it comes to the requirements for what counts as a legal will, but you generally need to make sure a few basics are covered.Although a testament and last will do...
Posted by Dennis Jao on 04/29/2021
An irrevocable lifetime trust can offer benefits that are not available with a revocable trust. This article touched on how an irrevocable trust can protect property from creditors,...
Posted by Daniel P Vigilante CPA and Profit Consultants on 04/21/2021
What is alimony payment? This is a payment between current spouses or ex-spouses due to an ongoing separation in a marriage or divorce. Alimony (sometimes called support) payments...
Posted by Dennis Jao on 03/05/2021
Taxation of trust fund incomeDeath and taxes are two things that you cannot avoid in life. While there are ways to minimize your tax participation, you certainly can't get rid...
Posted by Carmen Garcia on 03/09/2021
One of the most vital parts of financial planning is life insurance. It is essential for people of a higher age as it helps them ensure their loved ones are in good care once they...
Posted by Stevenson Tax and Accounting, Inc. on 01/31/2021
