How can I help my grandchild with college without jeopardizing financial aid?
I know I need to make a will, but somehow planning for death makes it seem so much more real. How can I overcome my fear?
Do savings bonds still have a place in my financial portfolio?
How can I preserve my assets for my kids and loved ones?
What is the Best Way to Save for My Child’s College Education?
Will I Ever be Able to Save Enough For Retirement?
My elderly parents don’t have much in the way of resources and their health appears to be failing. They mainly get by on Social Security. Will I be responsible to pay their medical bills or other debts later on? – Very Concerned Adult Child.
The Gift that Keeps on Giving
Clarifying Questions
Q&A: My Parents Shut Down When I Try to Talk About Estate Planning. How Can I Help Them Open Up?
QUESTION Q: My parents shut down when I try to talk about estate planning. How can I help them open up? –Concerned Son ANSWER A: Concerned, It can be difficult for some people to talk about estate planning because…
Q&A: Can you explain how the administration of a will works?
QUESTION Q: Can you explain how the administration of a will works? –Taking Care of Mom ANSWER A: Dear Taking Care: In order for assets in a will to be transferred to a beneficiary, the will must first pass…
Q&A Can I leave my 401(k) to my minor children when I die?
QUESTION Q: Can I leave my 401(k) to my minor children when I die? –Pondering Parent ANSWER A: Dear Pondering: Though you can technically name a minor child as a beneficiary of your 401(k), IRA, or other employment-sponsored retirement…
Q&A Do I need to create a new will if I move to another state?
QUESTION Q: Do I need to create a new will if I move to another state? –Curious Mover ANSWER A: Dear Curious: Most states will accept a will that was executed properly under another state’s laws. However, there could…
Q&A: How do I include cryptocurrency in my estate plan?
QUESTION Q: How do I include cryptocurrency in my estate plan? — Crypto Owner ANSWER A: Dear Crypto, If you own cryptocurrency, you must leave detailed instructions for accessing it, and ensure that one or more trustworthy people know…
Q&A: What is the federal estate tax?
QUESTION Q: What is the federal estate tax? — Tax Planner ANSWER A: Dear Planner, The federal estate tax is a tax on the value of a person’s assets at the time of their death. If the total value…
Q&A: What is a pour-over will?
QUESTION Q: What is a pour-over will? — Prudent Planner ANSWER A: Dear Prudent, For a living trust to function properly, you must first transfer the legal title of any assets you want to be held by the trust…
Q&A: Can I tap into my retirement savings to pay for my child’s college education?
Q & A: QUESTION ______________________________________________________________________________ Q: Can I tap into my retirement savings to pay for my child’s college education? —Pondering Parent ANSWER ______________________________________________________________________________ A: Dear Pondering: If your kids will need financial assistance, beyond student loans, to pay…
Q&A: What is the “contestability period” on a life insurance policy?
Q & A: QUESTION ______________________________________________________________________________ Q: What is the “contestability period” on a life insurance policy? —New Beneficiary ANSWER ______________________________________________________________________________ A: Dear Beneficiary: Most life insurance policies contain a contestability period. Such periods are typically between one to two…
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