Q. My parents don’t have wills. How can I convince them that they should? To them it’s about privacy so I figured talking about probate could be the answer.
Q. I have read about the new exemption on retirement income being phased in next year. The phase-in of the $100,000 exclusion increases at a rate of $20,000 per year, but after the full exclusion kicks in, there appears to be a significant income limitation on using the exclusion beginning in 2021. Can you explain?
Q. I decided to receive my Social Security benefits at age 62. As my wife reaches age 62, she also will accept the reduced amount. Question is: After my death, can she drop her Social Security value and receive my Social Security value maximum amount at my age of 70?
Q. I have a question about executor fees. What would happen if the executor takes the fee for the sole purpose of giving the money to a grandchild of the decedent who was left out of the will? How would that work related to the IRS or state?
If you're highly skilled, you're in great shape. But people with mid-level skills are being left out in the cold, or working multiple jobs just to make ends meet.