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?
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.
Fixed income budgeting is an important practice for many seniors. Budgeting for retirees means being creative in finding ways to cut down and still enjoy plenty of fun.
Keep your wits about you to spot phone scams targeting seniors. Avoiding phone scams is easier when you know about them, so read our latest blog post to educate yourself.
First, understand that having a will and other legal documents in place will take a huge burden away from your children, other family, and friends. In addition to a will, which you definitely need, consider setting up a trust. Having a trust means that you can put certain conditions on how your assets are distributed and reduce the amount of taxes your heirs have to pay.