The Dangers of Joint Bank Accounts

Emily, 67, is seriously thinking about adding her adult daughter, Katie, as joint owner of her bank account. She is considering this because she wants to ensure that Katie would have easy access to her money in case of an … [Read more...]

When Safe Deposit Boxes Aren’t Even Safe

Q. I read an interesting article about safe deposit boxes in the New York Times recently. It is focused on a man who had a valuable watch collection stored in a safe deposit box managed by Wells Fargo, possibly worth millions, who … [Read more...]

Is a Handwritten Will Ever Valid?

Q. My brother, Larry, doesn’t like to spend money on anything. His family never went on vacation, never bought a new car, or never remodeled their 1970’s kitchen (or any other part of their home, for that matter). His attitude is … [Read more...]

It’s Vacation Time — Are Your Children Protected?

Q. My husband and I are finally taking our dream vacation to visit Greece this summer. Our children, Mason (11) and Emilie (9), will be at sleepaway camp, and then at their grandmother’s house, so they will not be going with us. … [Read more...]

A Moon Landing, an Anniversary, and a Reconciliation

Fifty years ago, Apollo 11 launched from Cape Kennedy carrying Commander Neil Armstrong, and lunar module pilots Michael Collins and Edwin "Buzz" Aldrin to the first lunar orbit. Many of us remember Armstrong describing the event … [Read more...]

What’s the Difference Between Retirement Planning, Financial Planning, and Estate Planning?

Q. My wife and I are hoping to retire in 12 years. We have already done our estate planning but have been told by friends and relatives that we need to also do financial planning and retirement planning. Aren’t financial planning … [Read more...]

Family Feuding Over the Power of Attorney Decision

Maddie was asked by her mother to assume the role of agent under her Power of Attorney, entrusting her to act on her mother's behalf and to place her mother's interests ahead of her own when the time comes. Maddie lives the … [Read more...]

How Can You Reduce Your Capital Gains Taxes?

Diane, at age 80, resides in the home she has lived in for nearly 40 years. When she initially purchased the home after her husband’s death, it cost only $25,000 (and she since put in $45,000 in improvements); today it’s worth at … [Read more...]

Should You Talk About Death During the Holidays?

I saw the following quote on Facebook today, and it really resonated with me. It made me think about my own mortality and about my loved ones, who I will be seeing during the holidays: "None of us are getting out of here alive, … [Read more...]

Advance Directives for Dementia: Making Your Voice Heard When You Can No Longer Remember

Worldwide, around 50 million people have dementia, and there are nearly 10 million new cases every year. At that rate, in 2050, it is estimated that the number of people living with dementia will increase to more than 130 million. … [Read more...]