United Kingdom parents of children with special needs want to make sure their offspring are well taken care of throughout their lives. Parents facing this challenge know they won't live forever, and they worry about what will happen to their special needs dependents once...
Estate Planning
How does estate planning differ for women?
Many baby boomers have now reached retirement age and are starting to give serious thought to the legacy they will leave behind. They’ve worked hard their entire lives and many have sacrificed enormously to have something to leave behind for the next generation...
Do United Kingdomns procrastinate end-of-life planning?
Making end-of-life decisions can be a tough task to face. You may not want to think about your own passing, but you’ve worked hard to build a legacy to protect your family’s financial future and you don’t want to squander it now by not having an...
Estate tax minimization still an important goal in estate planning
Historically, estate tax minimization is an important aspect of estate planning. Not that it isn’t still important nowadays, but as many of our readers know, the federal estate tax exemption is at an historic high of $5.34 million. That means that many Americans...
Reduce inheritance disputes by good communication
When Whitney Houston died a couple years ago, it was predicted by estate planning professionals that her will would be the source of strife in her family. That is because the will contained a provision that put a significant amount of money in trust for her daughter...
Estate planning is different for different people
At the risk of sounding trite, we'd just like to comment that estate planning is something everybody should do at some point. We can say this because it doesn't take a special type of person to qualify for estate planning. This is an important process that can be...
Navigating changed tax environment a goal of estate planners
In the world of estate planning, the strategies and techniques advisors recommend and use with their clients are always changing depending on various factors. One important factor, of course, is tax law. Nowadays, with increased income tax rates and higher taxes on...
Avoid leaving behind a mess by making an estate plan
Putting together an estate plan might not seem very important at first thought. Some people even have the “if I’m dead, I won’t care” mentality. While you might not care about what happens to the stuff you leave behind, you should care about...
What can I do to protect my digital assets after I die?
With digital assets becoming more and more present in our society, there has been a corresponding increase in concern for digital fraud. Because of this, financial and business planning has made protection of digital assets one of its most important goals. For those...
Recent stories highlight issue of end-of-life care, medical preferences
There has been a lot in the news of late regarding tragic stories involving difficult end-of-life situations. England readers have by now probably heard of the sad story involving Jahi MaMath, a 13-year-old United Kingdom girl who ended up brain-dead as a result of...