For single parents with a minor child, the stakes are perhaps even higher.
Sometimes people confuse the estate tax with an income tax, but it is not a tax on income. It is a transfer tax imposed on the wealthy at death.
Aretha Franklin's handwritten wills might not pass muster in some states. However, a court in Michigan, where she died, is more likely to take them seriously, experts say.
Very often, a lack of planning and insufficient assets leaves families with few options for their loved one’s final years of care, which is likely to be expensive.
Move over, Internal Revenue Service. Criminals now prefer the Social Security Administration as their cover agency, when they try to swindle Americans over the phone.
You will soon have more options available, if you have Medicare Advantage.
The scams tend to follow certain patterns, depending on the type of fraud the crooks are trying to perpetrate.
My mom wants to leave her house to me, since I'm the only girl. My brothers may try and contest this in probate court. What can my mom do to be sure I receive ownership of the house upon her death?
The Consumers First Act could also come up for a vote soon, Majority Leader Steny Hoyer says.
My idea: put our accounts in my wife’s name and put the land in our children's names. The way I figure it, when something happens to me, they won't need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What's your take on the workaround idea?