Wealth Preservation
Financial Planning, Wealth Preservation

Tax-Free Savings for Loved Ones with Disabilities

Financial planning for families with special needs is difficult and complex. Parents face overwhelming costs associated with raising a child with disabilities and navigating the challenges a working age adult experiences as they move towards independence. The ABLE Act allows states to set up savings programs (similar to college 529 plans) benefiting those with disabilities and without jeopardizing their federal or private benefits.

Financial Planning, Wealth Preservation

Five Wishes

For most of us, end of life decisions, those issues relating to medical care and advanced directives to doctors and health care providers, are among the most difficult to discuss. They carry their intimations of illness and mortality along with them like so much excess baggage, and grow increasingly heavier as we age. In addition, there are religious beliefs and moral considerations that are deeply personal, and these can result in conflict between spouses, parents, children, and siblings. It’s a shame, because this kind of discord can be easily prevented...
Wealth Preservation

Family Loans - Hilton Head Monthly, June 2009

Many adult children, affected by troubles in the job or real estate market or seeking to support a struggling business, look to their family, usually a parent, for financial help. Sometimes these are very short term loans, but often the amounts or the time frame needed are much more substantial. The World Bank estimates that informal gifts and loans between family members total more than $300 billion worldwide ... »
Wealth Preservation, Women & Money

The Red Folder - Pink Magazine, June 2008

It is true -- most women live long enough to face financial insecurity and uncertainty if they are unprepared. On average, women live seven years longer than men and are more likely to live a portion of their retirement alone; widowed, divorced or unmarried by choice. Many of these women are retiring with inadequate investments for their twilight years coupled with a significant decline in income after divorce or the death of a spouse. It is sad, but single women face a much higher rate of poverty than elderly, single men; approximately one in five lives at the poverty level ... »