When a loved one passes away, it is an emotional and stressful time. Unfortunately, while you are still grieving, you do have to face the practicalities of trying to figure out how to settle your family member’s affairs. The hope is that you know exactly where that estate planning binder is; however, if your loved one never did any estate planning, you may be facing probate.
If you become unable to manage your assets due to health reasons, you can voluntarily resign or be removed as trustee by a doctor’s note. Who can you lean on to help you?
There have been significant to the laws in the past 5 years. In 2012, congress enacted the American Taxpayer Relief Act of 2012 (the “Act”). The most relevant changes in the law that impact the average living trust include tax exemption changes and portability. Learn more…
September 22 is Fall Prevention Awareness Day. Falls are the number one cause of injuries and death from injury among older Americans. It is important to understand what you, your friends and family can do to reduce the risk of falling and avoid a serious health crisis.
Learning about estate planning can be confusing since there is so much misinformation out there. Simply, estate planning allows you to legally appoint agents to act for you if you cannot act for yourself, and it allows you to document your wishes as to your end of life decisions, and how you would like your belongings to be distributed to your heirs at your death. It does require some time and effort to put in place; however, getting it done will give you peace of mind knowing that your affairs are in order.
The primary goal of retirement planning is to maintain roughly the same living standards. However, achieving this goal can be challenging without a proper retirement plan. So how can you achieve financial security and happiness after retirement? Here are the top 3 ways.