While still alive, many parents and grandparents wish to pass their wealth on to their children or grandchildren: these gifts are also a good way to decrease a taxable estate. In 2010, you can give a child or grandchild $13,000 a year without the subsequent incurring taxes, but you may not want the child directly [...]
Estate plans are both relevant and necessary if any of the following apply to you:
If it matters to you who inherits your assets
The future of your health care should you fall ill or otherwise incapacitated
Desire to avoid the inconveniences and hassles of probate court
The use of an estate plan is no longer associated for the [...]
Social Security seems to be moving toward its day of reckoning. According to a recent article by Philip Moeller, efforts to put Social Security on a sound long-term footing included higher tax rates for payments into the system, raising retirement ages, and treating some Social Security payments as taxable income.
