April 2013 Posts

  • Ways to Protect an Inheritance from Creditors

    Bequeathing assets involves more than naming beneficiaries. Creating a proper estate plan offers individuals and families the ability to protect their assets for loved ones after they’re gone. Unexpected claims could drain accounts and threaten properties that were intended to be passed on to beneficiaries. ...
  • Google’s Digital Asset Management Tool

    2013 seems to be the year of digital afterlife planning. Last month the North Carolina Senate approved Bill 279, a bill for the state’s first-ever laws addressing digital assets. This month Google took their first step forward in post-death account management of their applications....
  • Why You Should Update Your Beneficiaries

    Neglecting to update beneficiaries, or failing to name them, may leave life insurance and retirement accounts to unintended recipients, create probate expenses, and cause tax problems. ...
  • 3 Ways to Gift for College

    Family members have the best intentions when they offer money to cover college expenses, but if they neglect to use a wise gifting strategy they could affect the student’s eligibility for federal aid....
  • Obama’s 2013 Budget Proposal to Push Estate Tax Back to 2009 Terms

    Although Obama’s American Taxpayer Relief Act was said to make permanent changes, lawmakers had also advised that it was just the first step in a series of changes. ...
  • $3M Limit on IRAs in Obama’s Proposal

    Individual Retirement Accounts are a top retirement choice for individuals who want to enjoy tax-deferred savings. However, Obama’s new budget plan includes caps on IRA accounts. ...
  • 3 Reasons Why You Don’t Need to be a Senior Citizen to Use an Elder Law Attorney

    A common misconception is that elder law attorneys are used primarily by senior citizens. Although elder law attorneys can assist with crisis Medicaid planning and present eligibility for Veterans’ Benefits, they can also help younger individuals make a plan in advance. ...
  • 5 Final Hour Tax Filing Errors

    Entering the wrong routing and account numbers.Filers often elect to receive their refund via direct deposit to avoid waiting weeks to receive their check in the mail; however a simple account number error could result in an even longer wait. ...
  • 5 Tax Scams of 2013

    Every year many innocent people fall victim to tax scams. Taxpayers may be taken advantage of by scammers, dishonest tax preparers, or may have their identity stolen by other means. ...
  • Ways to Protect Your Finances: Financial Literacy Month

    April is Autism Awareness Month, Parkinson’s Awareness Month, and it is also Financial Literacy Month. These three campaigns may at first appear unrelated to each other, but they are interconnected....