According to a study by the Pew Research Center, remarriages are on the rise. Four out of 10 marriages are now remarriages. Half of previously married seniors have remarried again.
My mother recently died, leaving a house to my three siblings and me. We had the house appraised in February. My sister is buying the rest of us out. We decided to give our sister a break and sold her the house below the appraised amount.
Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.
The average empty nester shells out $254 a month to financially support their adult children.
It is very common for parents in later years to consider gifting their home or other real estate to their children during their lifetime
The more financial errors you avoid making, the more money you’ll be able to keep in your pocket—or in your retirement coffers.
Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business, while transitioning ownership to the younger generation.
Here are a few documents that families will need, if parents are to remain involved in the medical and financial affairs of a child who has reached adulthood.
My father only designated my mom as an agent on power of attorney forms, and they have not been updated in many years. Where do you think we should go from here?
You don’t want to cause a fight over these items, after your dad is gone.
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Sioux Falls, South Dakota Estate Planning Crash Course
