Tag Archives: steps

Do You Have a Difficult Family?

A businessman with a $2.5 billion estate passed away in 1976. He was single and many individuals, mostly unrelated to him, filed more than 40 wills with the probate court. Twenty-two cousins fought with all of the other individuals claiming a share of the estate. In the end, the wills were all ruled invalid and the 22 cousins plus the federal government divided up the estate.. This may occur because one of your family members or potential heirs might believe that he or she can receive a larger portion of the estate. Continue reading

3 Ways You Can Help Your Senior Mom Walk More

One of the best things anyone can do for their health is to walk and walk often. A new study found that running or walking 15 miles a week could help prevent Alzheimer’s and dementia. The American Heart Association recommends that people walk 10,000 steps—about five miles—a day to decrease their risks of heart disease and to improve overall health. While Mom might not be ready for five miles a day just yet, there are still some ways that you can help her add more walking into her routine. Continue reading

The Most Important Estate Planning Document

What is the most important estate planning document? Answer:  The one estate planning document that everyone 18 and older should have is an Advance Health-Care Directive.  It is not the sexiest tool in the estate planning toolbox, but can head off family strife, heartache, and needless attorney’s fees in ways that no other document can. Continue reading

Domicile – Where You Live Affects Your Taxes

A successful business owner with a large estate passed away in 1976. He had grown up in Texas, moved to California and also lived for many years in Nevada. With a $2.5 billion estate, there were substantial federal and state taxes. While the estate proceedings were held in Nevada, both California and Texas sued to collect state estate tax. The Nevada Court eventually determined that the domicile or personal residence of the businessman was in Nevada. While this was an unusual case with a very large asset value, there are several reasons why you should understand the basic rules of domicile. Where you live can affect both the distribution of your estate assets and your estate taxes. Continue reading

Vacation Check List

1. Pack swim suit 2. Stop the mail for the week. 3. Ask neighbors to water the flowers. 4. Review estate plan. – – – – Say What? Truthfully, all of us are aware that increased travel brings with it increased risk. Travel accidents occur every day, and we would not be doing our family justice should we neglect to insure that our affairs are in order before leaving for that long awaited vacation. Some concerns: Continue reading