No one likes to think about having someone else act on their behalf, but there may come a time when, due to illness or other incapacity, you cannot act for yourself. That is why it is important to have powers of attorney in place, one for general and financial concerns and another for medical […]
Estate Planning
Don’t Buy Into These Inheritance Planning Myths
There are inheritance planning myths that have been in circulation for years. Some people buy into them, and their loved ones pay the price in the long run. In this post, we will look at some of these myths so you can steer clear of misconceptions. Estate planning is only necessary for senior citizens. We […]
What Independence Day Teaches Us About Estate Planning
The 4th of July reminds people of the flag, freedom, and fireworks! As our nation’s birthday approaches, we should reflect upon what freedom means to us. Creating an Estate Plan provides a level of individual freedom – a peace of mind regarding your family’s well-being and the legacy that you leave for them once you are gone.
Do You Need a Will and a Trust?
Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans. But how do you know whether all of the elements of a good plan are in place? The first step is understanding the difference between a will and a trust: Because wills must pass through […]
Do You Own a Vacation Home? Beware of Ancillary Probate
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 […]
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 […]
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