Grimaldi Yeung Law Group Blogs
Dividing Heirlooms Among Family Members
When it comes to distributing your assets, investment accounts are easily divided. However, tangible assets, especially those with sentimental value, can become emotional lightning rods for families. Boomers are today confronting their own mortality, and that includes...
Is It Time To Consider Assisted Living?
If you're edging toward those carefree golden years, chances are you've come across the term “independent living.” Essentially, this means staying on your own, minus the headaches of maintaining a home. Here are some tips on when to know if you are ready for this...
7 Ways To Maximize Your VA Benefits
The Veteran’s Administration (VA) has many benefits for aging veterans and their spouses. Many of these benefits entitle Veterans to long-term care benefits. We want you to be aware of what your entitlements are and how you can best access these benefits. You must...
Should I Fund a Trust with Life Insurance?
Estate planning is all about ensuring that your wishes are met both in life and after your death. An estate plan has other vital goals such as ease of administration, tax minimization, and achieving harmony among family members. Estate plans will include lifetime...
Making the Most of Exemptions and Flexibility in Spending
Federal estate, gift, and GST tax exemptions are currently at a historic high. The federal gift and estate tax exemption are combined to cover lifetime gifts and those distributions that pass at death. The current combined gift and estate tax exemption amount is...
Do I Have To Pay Taxes During Retirement?
Estate planning is all about ensuring that your wishes are met both in life and after your death. An estate plan has other vital goals such as ease of administration, tax minimization, and achieving harmony among family members. Estate plans will include lifetime...
Family Dynamics
After a loved one passes one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics conspire, conflict, and invite angst among descendants. More than 2/3 of all advisors said that the hardest part of estate...
Consider Funding a Trust with Life Insurance
Estate planning is all about ensuring that your wishes are met both in life and after your death. An estate plan has other vital goals such as ease of administration, tax minimization, and achieving harmony among family members. Estate plans will include lifetime...
Do I Have To Pay Taxes During Retirement?
It is a common belief that one’s Social Security benefits (‘SS”) are provided tax-free. Generally, that is true. By there are exceptions. You may be surprised to learn that a portion of your Social Security benefits could be subject to federal income taxes. We...