by msmyers | Dec 7, 2015 | Elder Care, Estate Planning, Retirement
Many married clients assume that the surviving spouse will automatically inherit the real estate of their deceased spouse. Without a Will however, the Texas Intestate Succession rules govern. For example, in the case of a married couple with children from their...
by msmyers | Dec 7, 2015 | Business Planning, Elder Care, Estate Planning, Retirement, Social Security
One in every three Americans will receive an inheritance during their lifetime, according to a study by Ohio-State researcher, Jay Zagorsky. Unfortunately, much of that windfall is lost through spending or bad investing. Mr. Zagorsky offers four steps for handling an...
by msmyers | Dec 7, 2015 | Business Planning, Elder Care, Estate Planning, Retirement
Many clients donate to charities in the spirit of holiday giving. Not all gifts have the same impact, however. Did you know that donating appreciated assets can have a bigger financial impact on the charitable organization than a gift of the cash proceeds from that...
by msmyers | Dec 1, 2015 | Elder Care, Estate Planning, Retirement
Did you know that no one is required to take possession of a property (and mortgage) unless they want to do so? Simply leaving a mortgaged property to your heirs does not necessarily subject them to your debts. However, if your heirs want the property, they must...
by msmyers | Dec 1, 2015 | Elder Care, Retirement, Social Security
The 2016 Community Spouse Resource Allowance will remain at $119,200 (maximum) and $23,844 (minimum), as recently reported by the Centers for Medicare and Medicaid Services (CMS). In addition, the spousal monthly maintenance needs allowance will remain $2,980.50 a...
by msmyers | Sep 6, 2015 | Business Planning, Elder Care, Estate Planning, Retirement
my Social Security is a website managed by the Social Security Administration and allows users to create personal accounts, update address and contact information, track earnings, estimate future benefits and manage current benefits. Users may even order replacement...
