Author Archives: Site Administrator
How to Obtain the Basic Documents You Need for Estate Planning
Practically every person can benefit from a health care proxy, a durable power of attorney and a will. Regardless of your occupation, income or age, every adult should have these estate planning documents and these should be updated at least on an annual basis in order ensure that you have appropriate protections and have… Read More »
Estate Administrators and Trustees Are Responsible for Many Different Tasks
Before you choose who will step in and make decisions on your behalf, as well as handle your estate after you pass away, it’s important to clarify that the people you have selected are comfortable in serving in this role. The truth is that being a trustee or an estate administrator comes with many… Read More »
When Is Your Living Trust Better Than a Will?
Do you only have a handful of documents set up for estate planning purposes? If so, you’re like most people who don’t realize that your will probably doesn’t go far enough to protect your interests. Having a living trust is a great way to incorporate additional planning opportunities into your big picture to ensure… Read More »
Estate Planning and Business Succession Planning Work Together
Many people who have already started or are contemplating starting a business venture might overlook the benefits of business succession planning and estate planning. Business interests and estates must combine, especially from the beginning of establishing new a company. This is largely because small details, including those like the name of the company can… Read More »
Financial/Estate Planning Should Always Be Unique for Every Single Family Member
When it comes to looking towards a family’s future, every couple has to realize that their situation is often changing and also extremely unique. What works for some other family that you heard about in a recent conversation with a friend or even another family member, might not be suited to your individual needs…. Read More »
Mistakes Can Happen When You Focus Only on Money and Financial Planning
Money and financial planning obviously go hand in hand and estate planning must be added into the mix as well. However, being too focused on money can lead to your goals being missed. Social capital is equally important, which refers to a person’s ability to relate constructively to the world in which they live…. Read More »
Can’t Afford Long Term Care? Here Are Six Different Ways to Pay for It
You may be under the impression that you just can’t afford long term care and you are banking on your ability to remain healthy long into your older years. But, unfortunately, the average cost of long term care in 2015, for a 65-year-old, was $138,000. Approximately half of seniors will need some type of… Read More »
Be Prepared for Changes in Retirement
Retirement brings about many different questions, particularly what you are going to do with your time. It’s also still a good idea to think about what will happen going forward as you approach your individual relationship with your spouse and your family members. Having conversations about financial matters or how you will divide up… Read More »
Study Shows There May Be a Gap in Terms of Retirement Savings and Gender
A new Merrill Lynch study indicates that women may have to work harder than men to save for retirement. This may not come as a surprise to many of the women who are now approaching increasing longevity numbers and who must find a way to make things work in their future, possibly without the… Read More »
The Importance of Storing Your Plans in An Accessible Place
When it comes to the prospect of estate planning, perhaps you’re put off by the sheer morbidity of the concept. It is still beneficial to schedule a consultation with an experienced estate planning attorney because otherwise you are handing over the power to make decisions about your estate to the government. It is not… Read More »