Did You Remember to Designate a Beneficiary? When reviewing current beneficiary designation or if you are completing these forms for the first time, you need to consider not only who the primary beneficiary is, but also what happens if that primary beneficiary predeceases you.
No one wants to be the one to take away someone’s driving privilege. However, operating a vehicle is incredibly dangerous even with one’s full faculties and this danger increases with age. Learn some warning signs that your loved one needs to retire his/her driver’s license.
As important as it is to ensure safety when driving, the consequences of being unable to drive can feel overwhelming. Learn how to make it work.
As Medicare Advantage providers begin to implement new benefits, it is important to evaluate your insurance options during each Medicare enrollment period. Additionally, even with expanded benefits, it is still crucial to plan for long-term care. Private long-term care insurance, private paying, and Medi-Cal will still be the primary sources for paying for long-term care, not Medicare.
Reviewing your estate plan will alert you to any changes that need to be addressed. For example, you may need to make changes to your plan to ensure it meets all of your goals, or when an executor, trustee, or guardian can no longer serve in that capacity. You’ll probably want to do a quick review each year, because changes in the economy and in the tax code often occur on a yearly basis. Every five years, do a more thorough review.
Children are always concerned with their elderly parents, whether it is with their health, happiness, or their financial situation. Read more to learn about ways to identify and resolved issues with elderly parents and their financial situation.
A divorcing couple must typically negotiate a property settlement agreement to divide assets. Retirement plan benefits are often among the most valuable marital assets to be divided, along with houses, cars, and bank accounts. The laws of your state will define which retirement benefits are community property assets that are subject to division.