Aretha Franklin’s “Holographic” Will Shows the Need for Having an Official Will and Estate Plan

Archive for 'Ken Bloom'

By Ken Bloom, J.D., LLM Although it was originally thought that Aretha Franklin did not have a will when she died, recent news reports of the finding of three handwritten documents in her home appear to have indicated she did have a plan for her assets. A holographic will is a handwritten will signed and […]

By Ken Bloom, J.D., LLM I recently read a study about the employment growth rate of people 65 and older that that startled me.  Since 2000 the percentage of adults employed in the workforce has steadily declined while the percentage of elderly Americans working has steadily increased. The labor participation rate (the percentage of people […]

By Ken Bloom, J.D., LLM One of the biggest issues facing senior citizens these days is the increase in financial fraud and scams that can cause them to lose part or their entire retirement portfolio. And when they are the victims of a fraud seniors are too embarrassed to do anything about it – it […]

By Ken Bloom, J.D., LLM It probably won’t come as a shock that women in the U.S. live five years longer than men on average.  But what may surprise you is that women are not financially prepared for their later years. A recent survey conducted by Merrill Lynch in partnership with Age Wave, “Women and […]

By Ken Bloom, J.D., LLM The tax burden of business owners are significantly different (and usually much more) than employees. For example, business owners must match social security and Medicare contributions paid by employees. Depending on the number of employees in a business and the amount of the payroll, the matching obligation can “cost” the […]

By Ken Bloom, J.D., LLM Bloom Asset Management Fall is a perfect time to begin tax planning for 2014, because waiting too long can be disastrous. This year tax planning is especially challenging because Congress has failed to act on many tax breaks that expired at the end of 2013. Given the gridlock in Washington […]

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