One Celebrity Trend you Want to Avoid

  Sadly, America has lost yet another icon.  On August 16, 2018, Aretha Franklin passed away on at age 76.  Franklin died at her home in Detroit, surrounded by her family and friends. In her hit song Respect, Franklin sang “I’m about to give you all my money…" Notwithstanding that generous promise, sources estimate that [...]

Carole C. Neff to Present at R.E.A.C.H. with Disabilities Workshop

  Join Carole C. Neff and R.E.A.C.H. with Disabilities on June 19th, 2018, for the Special Needs workshop "Ten Basic Financial Steps for Special Needs Caregivers.” This informative session will provide answers to questions relating to financial planning for children with special needs and the families who care for them. Don't miss this important and informative [...]

So, You Need an Estate Planning Attorney?

So, You Need an Estate Planning Attorney? by Eric M. Schorr Finding a qualified estate planner can be difficult. Knowing where to start your search and what to ask for is your first step. Ask your Financial Advisor. Many financial advisors and planners view estate planning as an integral part of meeting their clients' overall [...]

Not Your Father’s Estate Planning

  Not Your Father’s Estate Planning by Eric M. Schorr So, you think because Congress wants to do away with the Federal Estate Tax you don't need to do estate planning… Think again! Although reducing potential Estate Tax is certainly a valid reason to plan, it’s certainly not the only reason. And, chances are, Estate [...]

Medicare or Medicaid… You Mean There’s a Difference?

  Medicare or Medicaid… You Mean There’s a Difference? by Eric M. Schorr Medicare and Medicaid may sound similar, but they are very different programs that serve very different needs. Although Medicare and Medicaid were both established by the Federal Government in the 1960s during the Johnson administration, that’s pretty much where the similarities end. [...]

But Momma Promised The Farm To Me…?

  But Momma Promised The Farm To Me…? by Eric M. Schorr People are living longer than ever before. Longer life spans, however, present unique problems in terms of decreased mobility, decreased capacity and increased medical expenses. The care of aging parents frequently falls to their children, and often, one child takes on a greater [...]

Republican Tax Blueprint

  Republican Tax Blueprint by Eric M. Schorr President Trump and Republican lawmakers recently unveiled a Blueprint for tax reform. However, there are still many uncertainties in the plan and in the prospects for passage. The plan calls for numerous changes to the current tax scheme, including a compression of income tax rates, a doubling [...]

Will I Have to Pay Taxes on My Inheritance?

  Will I Have to Pay Taxes on My Inheritance? by Eric M. Schorr One of the most common questions we get is whether you will have to pay taxes on your inheritance. Before you can answer this question, you need to understand that the term "taxes" actually encompasses four (or more) different types of [...]