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What Is IRS Rule 706 and Why Should Someone to File It?

July 9, 2024
Over the past few years, there have been several private letter rulings of taxpayers essentially begging the IRS to allow them to file a late (or extremely late) IRS Form 706 to elect portability.
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Another Lesson in Updating Beneficiary Designations

July 8, 2024
Although the beneficiary designation in a 401(k) plan was old, and tied to a previous relationship, a federal court concluded that it was nonetheless valid.
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Elder Scams and POAs: Protecting Yourself from AI-Powered Fraud

July 7, 2024
Scammers now use AI to make convincing voice clones and deep-fake videos. Find out about AI elder scams and POA’s potential to protect your finances.
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Elvis Presley's Estate Planning Mistakes: Lessons for Us All

July 6, 2024
Learn from Elvis Presley’s estate planning mistakes and see how a comprehensive plan can help protect your family's legacy and minimize future conflicts.
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How Do I Create End-of-Life Plan?

July 5, 2024
Research shows that fewer than one-third of U.S. residents have advanced-care directives or detailed medical instructions in case they can’t communicate their own wishes.
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Why You Should Regularly Update Your Will

July 3, 2024
Don't wait for the unexpected or procrastinate when adjusting your will like the late singer, Whitney Houston. Regular updates to your estate plan can protect you and your loved ones from future complications.
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Prepare Now for Coming Changes to Estate Taxes

July 2, 2024
On Jan. 1, 2026, the federal basic exclusion amount (the amount an individual can pass free of transfer tax during life and upon death) decreases to roughly half of what it is today.
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New Medicaid Rules can Have an Impact on Your Estate Planning

July 1, 2024
Medicaid’s new 80/20 rule has brought major changes to long-term care access. Learn how this Medicaid rule impacts you and how to plan accordingly.
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Why are Older Americans Choosing to Age in Place?

June 30, 2024
Discover the impact of aging in place on estate planning and elder law strategies, highlighting the need for proactive legal guidance as older Americans choose to remain in their homes.
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Good News about Social Security

June 29, 2024
For a long time, the Social Security Trustees have been warning that the retirement benefits system is facing some future financial hardships.
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