Author Archives: Site Administrator
Retirement Planning Beyond the Basics
There’s no doubt that the workforce is changing and as more baby boomers are reaching retirement age, this is also raising questions about how retirement is different. Traditional retirement planning might not cut it anymore, particularly if you’re not using comprehensive estate planning tools to target your goals. What is important to consider is… Read More »
Where Should Wealthy Clients Consider Retiring?
If you are currently amassing a great deal of wealth and are concerned about long term planning for your tax bill, you are better off retiring in Michigan, according to a new study. The study completed by online finance tool company SmartAsset ranked eligible states by the total amount of taxes that you might… Read More »
How Do I Choose the Right Estate Planning Tools?
Essential estate planning boils down to considerations of protecting your rights if you were to become incapacitated and unable to make decisions for yourself as well as a plan for transferring on your assets to future generations. Putting together a reliable and comprehensive estate plan, including tools such as a durable power of attorney… Read More »
Is a Joint Account Best for Estate Planning?
Establishing a joint bank account that allows your children to tap into your finances might initially seem like a good idea. In fact, you may have recently gone through some challenges with your own loved ones in which the fact that one child was not named on the bank accounts made it much more… Read More »
Joint Bank Accounts Can Be Problematic for Crises
Establishing joint accounts that are used by both children and parents can seem like the most effective way to handle financial emergencies or to step in if someone needs assistance with their finances as they get older. But this can cause significant estate and tax planning problems and another strategy might be more effective…. Read More »
More Financial and Estate Planning Professionals See Desire from Younger People
All generations can benefit from estate planning, but that doesn’t mean that all people seek out the support of estate planning lawyers and financial advisors as they should. Younger people are, however, seeing the benefit to planning ahead as they watch their parents and grandparents in retirement. The importance of the financial and estate… Read More »
Early Inheritances: Are They Right?
Does it make sense to give an early inheritance to your kids. Remember that giving financial gifts to your children should be done only when you have the support of an experienced estate plan lawyer who can walk you through the various consequences and benefits of doing so. It can be very satisfying to… Read More »
What’s Next on Your Retirement Planning List?
You’ve probably been intending to retire your entire life, but have you really considered your day-to-day actions and how they can contribute towards your overall retirement plan and goals? The support of an experienced estate planning lawyer is instrumental as you get closer to retirement because it is likely you will have numerous different… Read More »
Don’t Have Children? Here Are Five Tips for a Better Retirement
Looking ahead into your retirement years while not having children might give you some peace of mind because you may be able to better support yourself and your health needs. However, you could still end up an elder orphan. Roughly one third of people between the ages of 45 to 63 are currently single… Read More »
Dementia & Estate Planning: What to Remember
Experiencing something personally often has a much different feeling than reading about it, observing it, or talking about it. Unfortunately, when people are increasingly becoming connected to how a diagnosis of dementia can impact estate and legal planning. The progression of dementia can range from one patient to another. However, while a plan for… Read More »