Reverse Mortgages - Pros and Cons If you believe Fred Thompson and Henry Winkler in the TV ads for reverse mortgages, they are too good to be true. While a reverse mortgage is a good option for some low income seniors who need funds for living expenses, it is not the...
Month: February 2014
HOW MUCH CAN I GIFT TO MY CHILDREN?
As much as you want. There are no federal or State laws that restrict the amount you can gift to children, grandchildren or anyone else. Many clients have announced to me "I can give $10,000 (or $12,000 or $14,000) to my children". Their accountant told them, or their...
ESTATE PLANNING FOR CATS AND DOGS
It's a sad fact that more than 500,000 pets are euthanized each year due to their owner's disability or death. The Humane Society of the US estimates that 47% of American households own pets, with a total of 83.3 million dogs and 95.6 cats. How many pet owners have...