There have been several clients who have contacted us recently who have supposedly received phone calls from the IRS demanding they wire them money for back taxes or threatening litigation. I received a call as well at 6 :00 in the morning and realized he was a scammer. As a result, we decided to include the latest information from the IRS regarding these scams which you can read below.
How long are you and I going to live? None of us knows, of course, but this number is important for a variety of planning issues—including, of course, how long your money will have to last in retirement. Actuarial tables tell us how long people will live on average, but that isn’t much help for planning a specific person’s life, and the averages conceal a lot of variation.
Marrying again makes estate planning more involved. How do you provide for everyone you love? Should you provide for everyone you love? How do you arrange to transfer wealth in a way that won’t hurt the feelings of certain heirs?