Articles From Lumsden McCormick Financial Services

When you lose a spouse, partner, or parent, the grief can be overwhelming. There are arrangements to be made, things to be taken care of – and in recognition of this reality, here is a checklist that you may find useful at such a time.

Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded.

If you’re the parent of a child with special needs, it’s vital to ensure your child will continue to be provided for after you’re gone.

One of the most common questions people ask about Social Security is when they should start taking benefits. Making the right decision for you can have a meaningful impact on your financial income in retirement.

Social Security has been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know?

Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare, the traditional fee-for-service program offered directly through the federal government.

In exchange for fixed premiums, an insurance company promises to pay a set benefit when the policyholder dies, but also offers additional benefits as well.

The irrevocable life insurance trust (ILIT) can be an important estate strategy tool that may accomplish a number of estate objectives; however, it may not be appropriate for every individual.

A living trust is a popular consideration in many estate strategy conversations, but its appropriateness will depend upon your individual needs and objectives.

Preparing your estate can be complicated, and if you're a part of a blended family, estate decisions can be even more complex and nuanced.