The Estate Tax is tied to the Gift Tax. It's Unified Credit. Understanding that the Estate Tax exemption is going away, the IRS has said that if we gift a portion now, and the Estate Tax exemption drops, this money ...
Both IRA and 401K are what's called Qualified Accounts. Qualified Accounts have no Medicaid/Long-term Care protection. If you were to need Nursing Home Care, anything inside your IRA or 401k would have to be spend down, whether it's in your ...
While the idea of a "prenup" is well-known, postnuptial agreements are often overlooked. These agreements, signed after marriage, can be a vital part of your Michigan estate plan. They provide clarity and protection, particularly as your life and circumstances ...
Many Americans unknowingly own mineral rights, or have the potential to inherit them. These rights encompass resources like oil, gas, precious metals, and more. Even if you don't live in a traditionally "mineral-rich" area, these rights can be passed ...
Starting the IVF process opens a world of excitement and hope for many couples. But amidst the anticipation, a sometimes uncomfortable reality emerges: what happens to the remaining embryos or genetic material if one or both parents die? A ...
Sadly, family feuds are more common than we'd like to admit. These tensions can become incredibly stressful and even more so when one family member experiences a health crisis. If you're remarried and your adult children don't get along ...
Beginner's Guide to Investment In this insightful video, we delve into essential investment advice specifically tailored for beginners. Join us as we explore the fundamentals of taxable, tax-deferred, and tax-free accounts, providing valuable insights to help you make informed decisions ...
In this informative video, we delve into a critical question: Are IRA and Roth accounts protected from creditors? Join us as we explore the intricacies of creditor protection surrounding Individual Retirement Accounts (IRAs) and Roth IRAs. Whether you're planning for ...
Should your children have disability documents when they turn 18? In this insightful video, we delve into the question many parents ponder: Should your kids have disability documents at the age of majority? Join us as we explore the importance ...
Will my Estate Plan remain valid If I move out of state? Are you relocating to another state and concerned about the validity of your Estate Plan? Explore the portability of estate plans in this episode of Berry's Bites. About ...
