by Kathryn A. Flanigan | Nov 20, 2012 | Uncategorized
A life estate is created when a homeowner transfers ownership of his or her home to children but reserves the right to remain in the home for the remainder of his or her lifetime.With a life estate, the parent becomes the “life tenant” of the home, and the...
by Kathryn A. Flanigan | Nov 20, 2012 | Uncategorized
The weeks between Thanksgiving and New Year’s Day are the peak time period for getting engaged, and since many people marry more than once, a prenuptial agreement has become an important estate planning tool for those who plan to say “I do” in the...
by Kathryn A. Flanigan | Nov 20, 2012 | Uncategorized
Trusts are generally used to preserve and manage assets for trust beneficiaries, but there are certain trusts designed to help you achieve a special purpose, like caring for a special needs person, protecting assets from being spent unwisely or simply minimizing...
by Kathryn A. Flanigan | Nov 20, 2012 | Uncategorized
If you’re like most Baby Boomers, your working life is probably vastly different than that of your parents – starting with the fact that, if you are married, both of you are probably working. One or both of your parents probably labored for the same...
by Kathryn A. Flanigan | Nov 6, 2012 | Uncategorized
According to the Wall Street Journal, a number of legal experts agree that portability, which allows a surviving spouse to add the unused portion of their deceased spouse’s estate tax exemption ($5.12 million this year) to their own, will be extended or even...
by Kathryn A. Flanigan | Nov 6, 2012 | Uncategorized
According to a recent study by the Investor Protection Trust and Investor Protection Institute, the top three ways that the elderly are financially exploited are:· Theft of funds or property by family members· Theft of funds or property by caregivers· Financial scams...
