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How to Protect Your Parents From Fraud

What can you do to keep predators from scamming your parents out of the money they saved over a lifetime? Part of the problem is that laws designed to protect their privacy can handcuff your efforts to intervene to help. “You’ll need your parents’ consent to...

Have Children Over the Age of 18?

 It’s important to have them sign Powers of Attorney to make you their agents in case of emergency. Once a child turns age 18, you are no longer the legal guardian and cannot make financial and medical decisions for him or her. Therefore, it is important to have...

Gifts and Inheritances are Taxed Differently

Question: I have a tax question that I hope you can help me with. My father passed last year. About six months before he passed, he gifted me a variety of stocks that he had held for years. In total, I received about $100,000 worth of stocks. When my father passed, I...