The Federal Deposit Insurance Corporation is changing its policy for trust accounts effective April 1, 2024. If you are a typical depositor, you should experience no change in coverage and will not need to take any action, says the agency….
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The story of Robert Morin will resonate with you if you’re mulling over the most effective way to leave assets to your loved ones (or organizations) in your estate plan. A University of New Hampshire alumnus who worked as a…
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If you’re remarrying later in life, you may gain more than a new spouse. You may also gain a new, bigger family: your spouse’s children. You may have your own grown children, too. Hopefully, everyone will get along beautifully. But…
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Not all parents enjoy a warm relationship with all their children. I’ve met with many parents – some pained, some resigned, others angry – who have been estranged from their children for years. They may have tried reaching out and been…
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Life insurance can be a powerful tool in your estate plan. It can provide financial support for your spouse or heirs when you’re gone. If your estate is taxable, life insurance may be used to pay estate taxes and other expenses. As with…
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The just-released film “The Descendants” has an estate planning subplot that masterfully portrays how difficult it can be to satisfy all family members when an estate planning pie must be divided and distributed. Matt King, played by George Clooney, is…
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You can learn a lot about estate planning from celebrities. Even if you’re not into Hollywood gossip or have millions yourself, it’s undeniable that the mistakes of the rich and famous can help us learn what to do… and what…
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The late Gail Posner bequeathed $11 million to her beloved chihuahua, Conchita. Her son got a relatively paltry $1 million. As you can guess, he is now suing his mother’s estate, claiming that she was pressured by her staff to change…
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