Advice on Wills: Should Each Child Get the Same Inheritance?
Exploring the complexities of inheritance: Discover when dividing assets equally among children is the right choice and when it isn't.
You Don’t Have to be Famous to “NOT” Have a Will!
Only 32% of Americans have a Will but yet 64% of Americans say having a Will is important. Lacking a Last Will and Testament is a grappling oversight that can complicate life's already complex act—dying. It doesn't matter if you're a household name or not; there are many reasons why you should consider having a Will.
Are UTMA Accounts a Good Idea for your Minor Children?
A UTMA account, created under the Uniform Transfers to Minors Act (UTMA), lets minors receive and hold gifts such as money, real estate, fine art, and other assets without needing a formal trust. Usually, a parent or guardian acts as custodian and manages the account until the child reaches the age of majority in their state. At that time, the child gains full control over the assets.
Are Your Children Entitled to an Inheritance?
Understand the concept of entitlement and inheritance. Learn about the laws that determine who is eligible to receive an inheritance.
How to Select a Nursing Home
Choosing the right nursing home: factors to consider and options to explore. Find the best care setting for your loved one's needs.
When Can I Withdraw Funds from my IRA without a Penalty?
42.2 percent of all US households have IRA accounts, which equates to 55.5 million US Households. IRAs are an important component to retirement planning, but what if you need cash flow today?
2024 NAELA Theresa Award Honoree: Lee Holmes
The following blog post was originally presented at the 2024 NAELA Conference in Boston on Saturday, May 4th, 2024. I’m Vincent Russo, and I am honored to have served as the fifth president of NAELA and co-founder of the Theresa…
SSI for Children with Special Needs
How can SSI be helpful to parents of children with special needs? Supplemental Security Income Program (SSI) can be invaluable to parents who have a child with special needs. This originally aired on the Catholic Faith Network’s show CFN Live:…
Providing for your Pet’s Future without You
Our pets are part of our family, and we need to consider them when implementing one’s estate plan.
Navigating the 2024 Tax Season
It is that time of year again, where taxpayers must file their personal income tax returns. But, what do you need to know before filing your tax return?