How To Pay For Assisted Living - When an assisted living community says that its fee is all inclusive, it means that a single monthly fee covers rent, meals and such additional services as housekeeping or transportation. Fee-for-service pricing means that residents pay only for those services that …
Wills vs. Trusts: What’s the Difference?
Wills vs. Trusts: What's the Difference? - A will is a written document expressing your wishes for disposal of your estate and can also name guardians of minor children. It becomes active after your death. A trust is a legal vehicle that holds assets and is managed by a trustee for the benefit of …
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The Spousal Lifetime Access Trust
The Spousal Lifetime Access Trust - A spousal lifetime access trust (SLAT) is an irrevocable trust that authorizes the trustee to make distributions to a spouse if a need arises. It can be designed to benefit one's children, grandchildren or future generations. A lifetime gift tax and a …
Myths of the Estate Tax
Myths of the Estate Tax - If you think you can avoid the federal estate tax, you're probably right. The federal estate tax applies to Americans only if their estates total more than $11.7 million for individuals and $23.4 million for couples. For these very wealthy families, the rate can go as …
Capital Gains and Home Sales
Capital Gains and Home Sales - There's a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they sell their primary personal residences, thanks to a home sales exclusion provided for by the …
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