Finally reaching the magical age to claim your Social Security benefits can be exciting, particularly if your retirement plans have not reached the financial level of comfort you'd like to see in your later years. But there can be some benefits to waiting ...
Why You Need to Review Your Executor Regularly
Creating an estate plan is a task that's ongoing. You'll need to make adjustments to your estate plan as your life circumstances change and as you decide you want different people involved in the important roles of managing your estate. One of those impor ...
Is a Simple Will Enough?
A simple will is the most basic of estate planning documents which determines what happens to your belongings when you pass away. What belongings you own can have important implications for whether or not a simple will helps you to accomplish your estate ...
How Many People Don’t Have the Resources to Support Themselves with Long-Term Care?
Long-term care expenses can be catastrophic for a single person or even for the other spouse of a married couple. Most people anticipate aging in place or relying on family and friends as caregivers. But extensive long-term care needs might require assist ...
What Are the Disadvantages of Not Having a Power of Attorney?
Most people are not familiar with what a power of attorney can do for them and hope that they never encounter the situation of needing this document. However, the creation of a power of attorney document is important so that you have options for people yo ...
Do You Have a Plan for a Successor Fiduciary?
A fiduciary refers to an entity or individual who is approved to act on your behalf regarding legal and financial matters. When a person is in the role of fiduciary, they must put your best interests and the best interests of beneficiaries at the forefron ...
What Are Coverable Long Term Care Events?
In order for a long term care event to be covered under your long term care insurance policy or Medicaid, your doctor must indicate that you are unable to perform at least two activities of daily living. You may see these referenced in paperwork as ADLs. ...
What Is the Gift Tax?
The federal government enables you to take advantage of a program known as the gift tax. Every year, gift tax amounts are announced so that you can make these gifts free of paying any taxes or needing to file a gift tax return. These are known as annual e ...
What Happens If an Executor Refuses to Follow the Wishes of The Decedent in The Will?
A will lays out the particular plan for how a person's assets and liabilities should be addressed when they pass away. An executor gets appointed, also known as a personal representative in some states, to handle this process known as probate or estate ad ...
Estate Distribution Questions to Ask Your Lawyer
Your first meeting with an estate planning lawyer is an important because it should establish your overall goals and make sure that you have clarity on what you hope to accomplish with your estate plan. Only then will you be able to work with your estate ...