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What Do I Do If My Spouse Passes Away?

Posted by The Ladd Firm | Sep 17, 2019 | 0 Comments

Losing a spouse is one of life's most stressful events. That is even more true when the deceased spouse managed the couple's financial affairs. Attending to your own health and emotional well-being should take priority. Keep in mind that your health insurance may cover treatment for grief-induced...

How Can I Leave My Stuff to My Kids?

Posted by The Ladd Firm | Aug 09, 2019 | 0 Comments

Sentimental Value: It's what is so special about that childhood blanket, grandmother's wedding ring, the family Bible, and countless other items you own. It can also play a very divisive role in handling your estate. So how do you make sure the sentimental value isn't tarnished by family fighti...

Should I Have a Will or a Trust?

Posted by The Ladd Firm | Jun 06, 2019 | 0 Comments

If you are considering whether you need a will or a trust, congratulations! By recognizing that you need a legally enforceable plan, you are ahead of about half of your peers. But which approach is best? Will-based planning is usually simpler, less expensive and easier to maintain. Revocable l...

5 Financial Management Tips for Family Caregivers

Posted by The Ladd Firm | May 16, 2019 | 0 Comments

If you are called upon to help one or both parents manage their finances, you want to do the right thing.  Your parents took care of you, and you want to do a good job for them. You also don't want your siblings or other relatives to have concerns about the way you handled things. Here are five t...

5 Things to Consider Before Retirement

Posted by The Ladd Firm | Apr 09, 2019 | 0 Comments

1. How far will your retirement savings go? It may seem a little late to think about how much you're saving, but how long your savings last depends both upon how much you have and how much you're spending. Finding out how much you're spending each month is usually the easier step because you a...

Who is affected by the estate tax?

Posted by The Ladd Firm | Mar 07, 2019 | 0 Comments

We've made it through Mardi Gras. The revelry, the late nights, the parades and events... there's nothing quite like it. Now that Carnival season is officially over, we can all sit back and relax. Right, CPAs and business owners? We jest (pun intended). While a few people may have filed their ta...

Does your estate plan align with your priorities?

Posted by The Ladd Firm | Jan 09, 2019 | 0 Comments

What are your goals for 2019? We aren't talking about those well-meant New Year's Resolutions that soon fizzle out like fireworks in the midnight sky. Do you have a plan to achieve the goals you're prioritizing? Even though our goals and the strategies to reach them will change throughout the ye...

What exactly is an estate plan?

Posted by The Ladd Firm | Nov 30, 2018 | 0 Comments

So what exactly is an estate plan? You may be thinking estate plans are only for really wealthy people or wondering if you really need an estate plan. Many people are under the impression that your estate plan only works to give your stuff to your spouse or kids after you die, but if that's ALL...

5 Things to Know About Powers of Attorney in Alabama

Posted by The Ladd Firm | Oct 09, 2018 | 0 Comments

1. A power of attorney (POA) is probably the most important part of a basic estate plan. Planning for incapacity is arguably more important than planning for how property will pass at death. While the loss of a loved one can be devastating, there is no longer a need to make medical decisions or...

VA Publishes Look-Back Rule for Pension Benefits

Posted by The Ladd Firm | Oct 01, 2018 | 0 Comments

Many veterans in our community rely on VA pension benefits to help cover the cost of assisted living and other long-term care expenses. On September 18, 2018, the Department of Veterans Affairs (VA) published a final rule dealing with net worth, asset transfers and income exclusions for VA pens...

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