Insight on Estate Planning - June/July 2017

Here's a brief glance at what you will find in the June/July issue…

The sandwich generation: A slice of life

If a person is pulled between the pressing needs of elderly parents and his or her own children, he or she is part of the "sandwich generation." This position can lead to frustration, anguish and even financial loss. This article details steps to take to ease some of the pressure and ensure that the most critical issues are addressed. A sidebar explains why, in addition to taking care of parents and children, it's equally important to look after one's self.

Is a charitable IRA rollover a viable option?

For those age 70½ or older who plan to make charitable donations this year, qualified charitable distributions from an IRA, also known as charitable IRA rollovers, can provide significant tax benefits. This article details the benefits of a rollover and its requirements.

Fortify your estate plan against undue influence claims

A person can reasonably expect the declarations in his or her will to be carried out, as required by law. Usually, that's exactly what happens. However, at other times, the will could be contested and his or her true intentions defeated if someone is found to have exerted "undue influence" over the deceased's decisions. This article defines undue influence and provides suggestions on how to protect against undue influence claims.

Estate Planning Pitfall

You haven't coordinated your health care directives

The best-laid plans can go astray. For estate planning purposes, the main complication as a person grows older may be the condition of his or her health. This brief article details two health care directives and explains why it's important to coordinate all health care documents to provide a clear understanding of one's wishes.

To view a PDF of the newsletter with full articles, click here.