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Retiring and Living Outside the USA
(General/Blog)
The North American Free Trade Agreement (NAFTA) treaty of 1994 opened many opportunities for Americans and Canadians to buy and own real estate in Mexico. Mexico is an exciting place to consider retirement ...
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The Benefits of a Roth Conversion
(General/Blog)
... limitations may now contribute to a traditional IRA and simply convert the contributed dollars to a Roth IRA during the same tax year. • Estate Tax. Another advantage to the Roth IRA conversion ...
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Should You Be a Borrower or Lender? The Return of the Personal Loan
(General/Blog)
... the borrower dies suddenly, the lender’s investment may be lost if the agreement isn’t structured correctly. A properly executed promissory note is still an obligation of the estate, and may continue to ...
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Joint Ownership of Life Insurance
(General/Blog)
Life insurance is often the best way to provide liquidity for payment of estate taxes. However, if the insured owns the policy, the proceeds will be includable in the insured’s estate for federal estate ...
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Annuities & Estate Planning
(General/Blog)
Nonqualified variable and fixed annuities (i.e., annuities purchased with after-tax dollars) require special attention in the estate planning process to assure maximum post-death tax deferral. First, ...
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Employer Support for Care Giving Employees
(General/Blog)
... “This was the most productive lunch I have ever attended”, related Mary, one of the attendees. “I had been very hesitant to contact an attorney to discuss my parents' estate, because of the cost involved. ...
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The End of The Estate Tax (otherwise known as “Throw Granny from the Train”)
(General/Blog)
Nine years ago, Congress passed the Economic Growth Tax Relief and Reconciliation Act of 2001 (EGTRRA), which made major changes to the federal estate tax system. The 2001 legislation progressively increased ...
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Chris Cooper, CFP®, Launches New Comprehensive Financial Planning Web Site
(General/Blog)
... and elderly adults and their families. The firm provides counselling and guidance in the areas of investments, taxation, and estate preservation. For more information, visit www.chriscooper.com . ...
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Services
(General/Services)
... on retirement and educational funding. We also specialize in tax preparation and estate and gift tax planning. Services Provided ElderCare Advocates Comprehensive Financial Planning Investment ...
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Dangers of a Reverse Mortgage
(General/Blog)
... insurance salesmen have been posing as investment counselors who have a real estate expertise. In the process of talking to people that totally own their home (and would like to get some of their equity ...
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Are Gifts Taxable?
(General/ElderCare Articles)
... tax rules. Under those rules, every person is entitled to a combined lifetime exemption of $600,000 for gift and estate tax purposes. This exemption allows an individual to transfer, either during lifetime ...
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Beware of Informal Estate Planning
(General/ElderCare Articles)
... is that it did not come from an estate planning professional. Where this kind of advice typically comes from are bank tellers and next door neighbors. Both the neighbor next door and the bank teller are ...
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Financial Planning for the Multi-Generation Family
(General/ElderCare Articles)
... assistance? What can the children realistically do for their parents without jeopardizing their own financial future? Passing on the estate. This is the opposite issue-grandparents who have more than ...
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Geriatric Care Managers and Other Professionals: How Do They Work Together?
(General/ElderCare Articles)
... all the aspects that impact a families decision regarding care. For example, a lawyer can help provide information regarding taxes and estate planning for Medicaid payments while the doctor may provide ...
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Helping Your Elder Manage Financial Information
(General/ElderCare Articles)
... plan, annuities, investments, and real estate. Organizing this information in advance can save time and frustration later. Make a List for Emergencies For starters, you may want to ask your elder if ...
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How to Combat Elder Abuse, Neglect and Exploitation
(General/ElderCare Articles)
... necessary to the frail older individual. When estate planning has not been done by the older adult, and an adult child moves into the parent's home and provides care for them, when the care becomes too ...
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Managing Sandwich-Generation Stress
(General/ElderCare Articles)
... to consider ways to protect your parents’ assets. A comprehensive financial and estate plan can keep you and your aging parents on track. Tap outside resources. The local, state, and federal governments ...
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Estate Planning
(General/Services)
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Comprehensive Financial Planning
(General/Services)
... banking or investment products. Investment Advice Tax Planning Estate Planning Retirement Planning This page is still under construction; please check back soon for updates. ...
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Our Clients
(General/About)
... sex marriages, domestic partnerships and blended families. While these families are quite common, they present complex tax and estate planning issues that require professional guidance. We help nontraditional ...