Power of Attorney Tips
None of us likes to think about the possibility of something happening that might prevent us from managing our own finances, but it does happen. If you are ill, incapacitated, or just out of the country, you might need someone else to manage your money...
Estate Planning Basics
Do you have an estate plan? A basic estate plan is an important financial document for everyone to have, whether you think you need one or not, and here is why - With few exceptions, everyone has an estate, even the young child with...
David Lerner Associates: National Healthcare Decision Day
April 16th was National Healthcare Decision Day. While most people do not always like to talk about what would happen if they were hospitalized and unable to speak for themselves, we are glad this day exists because it brings awareness to the importance of planning...
David Lerner Associates: Estate Planning Essentials
An effective and smart estate plan is necessary if you want to make sure your assets are inherited by the intended parties, no matter the size of your estate. If done right, your plan can limit the taxes owed by the beneficiary. Here are some...
David Lerner Associates: Financial Challenges Widows Face
Women in the US are 3X more likely to lose their spouse than men. Becoming a widow at any age can be one of the most challenging events a woman can face.On top of the emotional loss there is also the burden of suddenly handling...
David Lerner Associates:: Life Insurance and Estate Planning
In the past many families have viewed life insurance primarily as a way to pay for funeral expenses, but it is become much more than that today. Now it is seen as an integral part of estate planning....
David Lerner Associates; Probate Pros and Cons
Estate planning is not a subject most people like to think about, but it is something everyone should consider....
David Lerner Associates: Trust Basics
With a trust you can control how your assets are distributed once you have passed on or perhaps help you plan for the possibility of becoming incapacitated. The power of a trust lies in its versatility--there is a type of trust for almost every...
David Lerner Associates: Analyzing Estate Planning and Income Tax Basis
Income tax basis may be essential when deciding whether to make gifts now or transfer real estate at your death. The income tax basis for the person receiving the property depends upon whether the transfer is by gift or at death....
David Lerner Associates: Women and Estate Planning Basics
When it comes to estate planning, women have unique concerns. Women live an average of 4.8 years longer than men, so there is a greater chance that they will need their assets to last longer, and they have a greater need to plan...