Medication Misuse by the Elderly; Watching out for

FEARS RISE OF MEDICATION MISUSE BY THE ELDERLY   Prescription-drug abuse and misuse by seniors doesn’t get much attention. But with the senior population steadily growing, it’s getting harder to ignore.   Many seniors develop addictions to prescription drugs. Others are taking medication that is having little effect or unintentional effects, either because they are […]

Capital gains taxes take on added importance

Thanks, Congress. That’s usually said with a tinge (or more) of sarcasm. But when legislators made permanent the estate tax and gift tax exemptions last year, the upshot was that many of our clients no longer have to pay estate taxes. The individual exemption is at $5.34 million this year, and it’s expected to rise […]

Now is a great time to update estate plans

Now is a great time to update estate plans What big changes happened to your family in 2014? Did you gain a new baby or grandbaby? Did an elderly parent pass away? Did you finally unload a money pit of an “investment property?”  These are the sort of questions wise advisors are asking their clients […]

Helping Clients Pick the Right Executor

Helping Clients Pick the Right Executor Your client is nearing retirement and has created a living will, given power of attorney and written a conventional will. Great, he’s ahead of the game. There’s one more step he needs to take to ensure that everything is in order when he’s gone – and that’s to name […]

Should You Give the House to the Kids?

Should Your Clients Give the House to the Kids? It’s certainly a tax-protection strategy worth considering. Theoretically, your clients could give their house to their adult children – and still live in it, of course – and in the process reduce the taxable value of their estate; it’s a win-win. However, says The Wall Street […]

Downsizing can help make retirement easier

Downsizing can help make retirement easier For many of your clients, their homes are filled with memories of raising a family. It’s also where they figured to spend their retirement years together. But with the children grown and starting families of their own, your clients are on their own now. The house was paid off […]

Helping Widows Navigate Finances

It’s not a new phenomenon that most American women work full-time outside the home. The number of women business owners and CEOs is ever climbing, albeit slowly. However, many of boomer clients and their senior parents still have so-called “old fashioned” marriages where the husband handles all of the family’s money issues. Losing a spouse […]

Helping Clients Pick the Right Executor

Your client is nearing retirement and has created a living will, given power of attorney and written a conventional will. Great, he’s ahead of the game. There’s one more step he needs to take to ensure that everything is in order when he’s gone – and that’s to name an executor of his estate. Who […]

Medical Credit Cards and Your Client

Medical Credit Cards and Your Client The saying, “If it sounds too good to be true, it probably is” applies to many things in life: •    Half-price gas-station sushi! (Hello, gastrointestinal distress.) •    A free TV with every test drive! (Just sit though a one-hour hard-sales pitch.) •    But wait! We’ll double your order for […]