According to a Bankrate.com poll, 36% of Americans of all ages have not begun saving for retirement—including a rather shocking 25%+ of the 50-64 year-olds surveyed. Of course there are many uncontrollable reasons why people are financially unprepared—losing their job to the recession, an obsolete skill set, disability or runaway medical expenses.
Read More »Your Mortgage and Your Estate
You probably hope to have your mortgage paid off long before you pass away. However, in your estate plan you should plan for what will happen if you die before your mortgage is paid off.
Read More »Millennials Don’t Know How to Save
People younger than 35 are not saving money, according to a study by Moody’s Analytics. In fact, their savings rate has dipped to negative 2%, meaning that they’re spending more than they have. They’re the only age group that has a negative savings rate. In contrast, workers between the ages of 35 and 44 […]
Read More »Be a Sweetheart and Remember Your Better Half in Estate Planning
What should you and your spouse do if you own your house, are retired, with a high six-figure nest egg, and no will or trust? The Wall Street Journal says, in an article titled “Estate Planning for Childless Couples,” that you have two main estate planning tasks:
Read More »What to Do With Your Collection
If you collect anything of value, figuring out what to do with the collection is an important part of estate planning. Any decision you make is likely to have tax consequences for you or your heirs.
Read More »Listen Up Retirees: There Will Be No Cost of Living Increase For Social Security Benefits in 2016
The latest news released by the Social Security Administration has not been well-received by the 65 million retirees, disabled workers and their families who rely on Social Security benefits for their day-to-day living expenses: For the third time in seven years, Social Security recipients will not see a cost of living increase to their monthly […]
Read More »Happy Holidays!
From the SSS Legal Team, we wish to greet you a happy holidays!
Read More »A Billion Dollar Will Contest Looms in China
One of China’s wealthiest men recently passed away at the age of 93. He left behind a will that gave almost all of his assets to charity. His sons are contesting the will.
Read More »Dying With Debt
An increasing number of Americans are not able to pay off their debts before they pass away. This can create issues for those people’s retirement plans and for their estates.
Read More »Adjusting Conservation Easements
In the U.S. 40 million acres of land are subject to conservation easements. It can be difficult for heirs and other property owners to make adjustments to these easements.
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