Suppose you want your children to inherit your prized jewelry collection. How do you value items for estate planning? Family members may have wildly divergent opinions of the fair market value of collectible assets that may lead to delays in your estate’s settlement and ultimately lead to litigation. To avoid such bleak outcomes, obtain […]
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Avoid These Top Estate Planning Mistakes
A good estate plan protects and provides for the decedent’s heirs. It shouldn’t cause more problems than it solves. But not every estate plan lives up to this ideal. In this post, we have detailed the top estate planning mistakes to avoid when setting up a comprehensive plan. If you want your wishes carried […]
Managing the Effects of Inflation During Retirement
The biggest threats to your financial stability in retirement include unrealistic budgeting, inflation, health care costs, and living longer than anticipated. The first threat is, in some ways, the easiest to control. Be honest with yourself about how much you can spend in retirement. Just as when you were starting out, you need to […]
4 Compelling Reasons to Avoid California Probate
Probate can be a time-consuming and costly process. While it is necessary for some estates, many individuals choose to structure their estate plans to avoid it entirely. If you avoid California probate, your estate will be administered with greater efficiency and privacy. If you’re wondering whether to plan your estate with probate in mind, here […]
Charitable Gift Annuities in Estate Planning
A charitable gift annuity (CGA) is an irrevocable planned giving arrangement in which up to two annuitants, generally the donor and their spouse, receive a regular payment for life based on the value of assets (which may be cash, securities, or a variety of other assets) transferred to a 501(c)(3). After the donor’s death […]
Your Estate Plan Should Address Incapacity
Your estate plan should go beyond the matter of asset transfers. It’s not pleasant, but end-of-life planning is part of the equation as well. To be properly prepared, you should pragmatically accept the eventualities that many people face during their twilight years. Alzheimer’s Disease and Cognitive Impairment The Alzheimer’s Association does fantastic work educating the […]
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