Depending on the age of the client, IRAs (and retirement plans such as 401(k)s) are often their largest asset. Yet, many times, these assets slip through the cracks and their value is not maximized. Here are some common mistakes: Unfortunately, an IRA which names your mother or an old flame is going to control, even […]

For the next twenty years, an average of 10,000 people each day will reach age 65. All those retiring baby boomers face major life changes which may include downsizing into smaller living quarters, retirement communities or assisted living settings. When you’ve lived in the same place for years, stuff tends to accumulate. Here are seven […]

Let’s face it, marketing to the public is not cheap and to make it more difficult, it’s unpredictable. Now, this doesn’t mean you should completely rule out public marketing (it does work great for some!) but it does mean you might want to spend some time thinking of additional ways to gain more clients by […]

Family discord is not unique. In fact, avoiding family disputes is one reason to plan an estate carefully. However, merely planning an estate is not sufficient to avoid a family dispute. It must be planned in the right way to avoid disputes. There are many elements which enter into a family dispute about estate planning. […]

Imagine what would be involved if your firm needed to make your clients’ estate plans available instantly, 24/7, to every law firm, bank, and courthouse in the country. (Yes I know that living trusts don’t go through probate!)That’s the vision for the future of electronic medical records. In the perfect world, your clients’ medical information […]

Wow, friends, it’s already the middle of June. Six months into the year, and I would swear that I’ve been “on the road” since February! I’m sure many of you can relate. It seems to me that professionals are spending more and more time in the air, in their cars, on trains, busses – whatever […]

This week I’m sharing a blog on Medicaid from Dave Zumpano, who focuses in Medicaid planning. I’ll be sharing Medicaid blogs from Dave Zumpano monthly in this space. Now, here’s Dave’s blog: Blog Author: David J. Zumpano, Esq, CPA, Co-founder Lawyers With Purpose, Founder and Senior Partner of Estate Planning Law Center The recent Massachusetts […]

In Charles Duhigg’s new book on productivity, he summarizes the qualities of various high performing teams. He completed his chapter on strong teams by describing the meeting at which thousands of Google employees heard the head of People Operations outline what they’d learned about what makes strong teams tick. It occurs to me that these […]

Remember the good old days, back in April 2015, when Google gave everyone fair warning that their mobile-friendly algorithm was about to launch? If you’re like most attorneys, “Mobilegeddon” sent you running to your webmaster to ensure that your site was indeed in compliance with Google’s guidelines. (At least I hope you did! If not, […]

Bill and Hillary Clinton are worth an estimated $45 million. Since today’s exclusion from estate and gift taxes is $5.45 million each, that leaves them well into taxable estate territory. If they died without significant planning, they would have $45 million, less $10.9 million in exclusions, for $34.1 million subject to tax at 40%. They […]