Seek out resources if you lost your job through no fault of your own. Some employers offer severance packages. And in many cases, you could collect unemployment benefits. Depending on state law and your former employer’s policy, a payout of accrued vacation and sick leave may fund source of liquidity to sustain you for a while.
Category Archives: Life Changes
Although gifts made within three years of your death are generally includible in your estate, an exception exists if a gift tax return was not required to be filed because the value of the gift was less than the annual exclusion amount. Transfers relating to life insurance policies, however, are an exception to this exception.
Loneliness is feeling sad about a lack of human connections and interactions. While social isolation may make most people feel lonely, loneliness is not the same as being alone. However, not everyone who lives alone feels lonely. What’s more, not all people who feel lonely live alone. People of any age may feel lonely, but the condition is especially common in seniors.
The first step to protecting your artistic legacy is to catalog your artwork, including pieces you sold. Specify how much to sell each piece for. This information may aid artwork evaluation.
Blended families challenge us in life and death. Someone with children from a previous marriage balances wanting to provide for their children and their spouse. Specifically, concerns arise relative to the money left to the current spouse.
Is everything the same today as when you signed your will, trust agreement, and other estate planning documents? If not, then take steps to make sure your estate plan reflects those changes.
Failure to take the time to craft an estate plan could leave the state where you reside at the time of your death in the driver’s seat. Laws in most states set forth how to apportion property.
People overlook many of these tasks and responsibilities on a day-to-day basis. However, consider how much money or time you would need to complete them if the stay-at-home parent is unable?
We live in an increasingly digital world now. And courts increasingly determine whether a will created and stored on a computer, tablet, or cell phone and e-signed meets the traditional requirements of being “in writing” and “signed by the will maker.”
Retiring or stopping your employment means losing one type of income. For many, their retirement accounts will provide a large portion of the money they will be living on during their retirement; however, this does not happen overnight, it takes advance planning.