Author Archives: Site Administrator
Leaving Assets To a Minor Can Be Tricky
Samuel Johnson once said, “Hell is paved with good intentions.” He might have been talking about what can sometimes happen when people seek to leave assets to minor children, as was pointed out on the website estateplanning.com. “Every parent wants to make sure their children are provided for in the event something happens to… Read More »
Power Of Attorney Valuable, But Subject To Abuse
Most people turn to family, friends or even neighbors when they feel a need to grant powers of attorney to someone to act on their behalf. That can, sadly, be a serious mistake, accord to a report on the website marketwatch.com. “Statistics on power of attorney abuse are hard to come by, but experts… Read More »
When It Comes To Relatives, More May Not Be Merrier But Are Welcome
Sharing shows caring. A somewhat surprising survey conducted late last year by the website MoneyRates.com found that a majority of Americans would be willing, if not exactly thrilled, to share their home with either adult children or older parents. “Additionally, most of those who have let an adult child move back home say they… Read More »
Tax Law Revisions Allow Couples To Say ‘I Love You’ In Estates
Time was, one from Column A and one from Column B and a couple’s estate planning was pretty much a done deal. Times change. According to a recent article on the investment website Morningstar.com, changes in tax laws may have rendered an estate planning approach made famous by actor Humphrey Bogart obsolete. “For decades,… Read More »
Not All Who Want To Retire Early Are Ready For It
Many people long for early retirement, but not very many are actually prepared for it, according to a recent article in Forbes magazine. “Many Americans seem to be turning a blind eye to good advice, instead doing what they want to do rather than what may be best for them,” according to the piece… Read More »
End Of Life Control Possible With Some Advance Preparation
No one wants to contemplate his or her incapacity or even death, but everyone should. “Who speaks for you if you are not able to speak for yourself?” begins a recent article on PBS “News Hour” story . “Who determines what kind of care you want at the end of life, how your finances… Read More »
Tips Offered On Avoiding Loneliness After Retirement
Many people fail to realize, until they retire, that is, just how much of their social interactions is tied to the workplace. “Retirement can be a challenging time, especially when you live far away from your family,” author, speaker and founder of Boomerly.com Margaret Manning wrote in a recent Huffington Post article “Many people… Read More »
Caregivers Can Use Checklist For Loved One’s Legal Affairs
Caregivers have so very many responsibilities toward their loved ones, but some may not realize that keeping track of their legal affairs is almost on a par with watching out for their physical health, a recent article on the website of the AARP points out. “The ultimate goal is to make sure you have… Read More »
Proposed New Pension Rules Labeled ‘Attack’ On Veterans, Families
A recent opinion piece in Forbes magazine pulled no punches in criticizing proposed new Veterans Administration rules dealing with who can receive monthly pension and widows’ benefits. “It’s an attempt to prevent people from gaming the system by giving away assets and then applying for aid,” according to the article. “But veterans and their… Read More »
Divorcing Older Couples Present Special Situations
Divorce can be a messy affair for couples of any age, but as a book published by the American Bar Association a few years ago points out, a break-up can be all the more complicated when it involves older people. “Divorce in the Golden Years: Estate Planning, Spousal Support, and Retirement Issues for Clients… Read More »