Author Archives: Site Administrator
Baby Boomers Should Not Let This Critical Issue Lapse in Their Estate Planning
Are you thinking about looking ahead to your own future and imagining the perfect retirement you’ve been spending most of your working life for? This is certainly a worthwhile goal but it is one that should always be approached with caution if you haven’t thought about possibly incapacitating events. Estate planning goes far beyond… Read More »
Do You Still Need That Life Insurance Policy?
As retirees look towards possible longevity issues that could mean they are alive for 20 or 30 years after entering retirement. The determination of appropriate cash flow and what expenses you still need to pay is vitally important for your future. Without the support of an experienced estate planning lawyer and financial professional, you… Read More »
The Importance of Vetting Your Financial Advisor
Any time you work with a professional, including a financial advisor, it’s well worth doing the research to verify that he or she is the right fit for you. You will want to interview a few different options before choosing a financial advisor and look specifically into their backgrounds before selecting someone. A few… Read More »
You’re Close to Retirement. What Financial Planning Options Do You Have?
Retirement today is one of the most complicated subjects and also one of the most important, with a growing baby boomer population. To help determine what type of financial advice is most applicable for you, it depends on where you are on the retirement spectrum. If getting closer to retirement, it is important to… Read More »
What Happens to Adult Children When Their Parents Pass Away with No Investments?
More adult children are reporting dealing with financial mess when their parents pass away. Baby boomers are anticipated to transfer trillions of dollars’ worth of assets to their beneficiaries in coming years. Many people will inherit not much more than a pile of debts. According to a study by the National Bureau of Economic… Read More »
What You Need to Know About How Gray Divorce Can Impact Your Retirement Plans
At any point in your life, getting a divorce can have significant repercussions for the remainder of your life especially your finances. More couples are calling it quits as they get closer to moving into retirement, known as gray divorce. They may have gone through the process of raising children and then decide that… Read More »
What You Need to Know About Estate Planning When You Have a Child with Autism
Special needs planning is extremely important for any family that is trying to figure out how to effectively set up the future for a child with a disability. Parents of children who have disabilities have even greater planning needs than other parents, and autism must be included in this discussion as it is increasingly… Read More »
Use Your Will to Ensure That Your Wishes Are Followed
When facing the death of a loved one, the last thing any family members want to worry about is dealing with an estate and going through probate. If you don’t have a plan in place, then your individual state and the court system comes up with a plan for you. Your property will eventually… Read More »
Why It’s a Mistake to Leave Estate Assets Directly to Outright Child
Many people understand why young adults and minors should not inherit property outright. Someone with the experience and maturity must be able to manage the assets and make critical spending decisions but it can still be a mistake to leave assets outright to adult children. Overlooking the benefits of leaving assets inside a trust… Read More »
Affluent Adults Expected to Update Their Estate Plans
The new estate and tax changes currently in place at the federal level indicate that people are taking a hard look at their financial and estate plans. The gifting and estate tax exemption is up to approximately $11 million per person, which is double the levels under the previous law. A recent study completed… Read More »