News

Wednesday November 20, 2019

How to Create a Family Health Portrait
Savvy Living
How do I go about making a family health history? Most of my relatives have died before age 65. My doctor suggested I create a family history to help identify my own genetic vulnerabilities. An accurate family health history remains one of the most important tools to maintain your health as you age. The holidays may be an opportune time to discuss a family health portrait. Here are some things you should know, along with some tips and tools to help you create one. Know Your Genes Just as you can inherit your father's height or your mother's eye color, you can also inherit their genetic risk for diseases, such as cancer, diabetes and heart disease. For example, if one generation of a family has high blood pressure, it is not unusual for the next generation to also have high blood...
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Benefits of Bunching Charitable Gifts
Washington News
With the doubling of the standard deduction in 2018, the number of taxpayers who itemized deductions declined substantially. In 2017, nearly 30% of taxpayers itemized, but with the larger standard deductions, only about 10% of taxpayers will itemize this year. The standard deductions in 2018 doubled to $24,000 for married couples and $12,000 for individuals. The married standard deductions increased to $24,400 in 2019 and $24,800 in 2020. Individual standard deductions are one-half the married number. What tax planning strategy might benefit generous taxpayers who know there is a large standard deduction and still desire to help a favorite charity? Let's consider the options for two generous families – John and Mary Jones and Harry and Susan Green. Both couples pay $8,000 in...
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Living Trusts Versus Wills
Personal Planner
Jacqueline Kennedy Onassis was diagnosed with cancer in January 1994. She signed a will in the New York offices of a...
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