Tips for valuing assets if you are over 50 and divorcing

Couples over the age of 50 are the fastest growing segment of the population to divorce – which can be disastrous financially if mistakes are made in dividing assets.  Here are some things to watch out for: Understand the true value of retirement funds.  For many boomers, their retirement accounts can be their most significant…

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Five estate planning tips for the newly widowed

On average, women live five years longer than men, and it is currently estimated that 70 percent of baby boomer women will outlive their husbands. According to an ING Direct USA survey, almost 80 percent of boomer women say they lack the financial savvy to make the right financial planning decisions and 40 percent still…

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Structure your trust with flexibility for maximum benefit

In addition to making efficient asset distributions, trusts are often established as a tax-saving strategy. In recent years, the federal estate tax exemption has fluctuated dramatically; before 2010, it was set at $1 million. The 2017 Federal estate tax exemption is $5.49 million for individuals and $10.98 million for married couples. A higher federal tax…

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