Summer is here, and this is the time of year when people spend time in their second homes. If you own a vacation home, there are some estate planning considerations you should understand. Ancillary probate may be looming, but you can avoid it if you take the right steps. Estate Administration When you use a […]
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Estate Planning With Big Age Gaps
Are you in an age-gap relationship? Five percent of first marriages and 20% of second marriages have a significant age gap which requires a special focus on making both of your needs work. Financial matters for large age-gap retirement planning include retirement funding, Social Security planning, and health care costs. Retirement planning Imagine a […]
Estate Planning for Millennials: Don’t Take Unnecessary Risks
Millennials, or Generation Y, are now between 25 and 40 years old. According to a survey by Caring.com, less than 30 percent of Americans in this age group have estate plans in place. While it’s true that people in their 20s, 30s, and 40s don’t usually pass away, it happens every day. In light of […]
How To Pick an Executor
An executor is responsible for ensuring your assets are distributed according to your wishes — a responsibility that introduces an element of legal and financial exposure. So choosing an executor is a serious decision. The person you select should have strong skills in at least some, if not all, of the following. Qualities to […]
Legacy Planning: The Things Money Can’t Buy
A lot of people think about monetary transfers and nothing else when estate planning is mentioned. In fact, there is a more complete approach in the form of legacy planning. There are things that you can do to enrich your estate plan and leave a lasting influence. Personal Memoirs It can be difficult for people […]
New Marriage or Partnership? Time for an Updated Estate Plan!
Gerry Turner, the first “Golden Bachelor” and a widower, and his wife, Theresa Nist, a widow, started divorce proceedings just three months after their televised wedding. Their marriage and subsequent divorce emphasize the importance of estate planning in remarriages or domestic partnerships where one or both partners were previously in a committed relationship. Previous […]
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