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?
It’s almost impossible to overstate the importance of taking the time to plan your estate. Nevertheless, it’s surprising how many American adults haven’t done so. You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates properly, considering the resources and lawyers presumably available to them. Yet there are plenty of celebrities and people of note who died with inadequate estate plans.
In part 1 we covered the gift tax. In part 2 we will cover the federal estate tax. The Federal Estate Tax is a tax on your right to transfer property at death. Learn how to mitigate the this tax.
We all worry about income tax, but there are other taxes that you need to consider. In the first on this 3 part series, we will discuss the gift tax.
There may be little time to prepare for nursing home care. However, here is some basic information about nursing homes that will help you make a more informed decision.
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.
On behalf of Lisa Bryant of The Law Offices of Lisa C. Bryant, Inc. posted in Estate Planning on Monday, May 22nd, 2017.
When it comes to retirement planning, most advice focuses on how to save money and manage a 401K or pension plan. And of course, good estate planning is very important for a dignified retirement. However, it’s vital to remember the rest of life in your plans, too.
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.
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