Blog
Sometimes people forget the beneficiary designations they made for IRAs and insurance and have different wishes expressed in their will. A beneficiary designation overrides a will. Therefore, any plan you might have had for that asset in your will most likely is not going to happen, according to the Daily Times in “Senior Life: Costly […]
It sometimes comes down to what was the person’s intent. The preparation of a will and estate plan is serious legal work. However, it can get very complex when a man executes three wills and doesn’t get one of them witnessed, according to nwi.com in “Estate Planning: Will formalities are important“. The courts will have […]
Yes, the importance of the directive is that it makes your wishes known. An advance directive is a way to make sure your wishes are known to another person or persons and by legally conveying them in advance, making sure you have a say, even when you don’t have a voice, according to the Enid […]
If you rely on benefits and your spouse dies, there are some key steps to follow. A person is right to be concerned about Social Security when their spouse passes away, according to the Tuscon.com in “Social Security and You: What to do when a loved one dies“. The article concerns a woman who is […]
A trust for your pets can keep them safe when you are gone. It most likely will not take a tremendous amount of money to provide financial support for your pets after you are gone, so it might be a good idea to remember them in your estate plan, according to the Times Herald-Record in […]
Women should consider how to care for loved ones through an estate plan as well as themselves. Women live approximately 4.9 years longer than men. That fact should be considered in estate planning, according to the Boca Newspaper in “Smart Tips for Women: Estate Planning“. If you plan carefully, wishes for the distribution of your […]
It is not only your decisions that create a comfortable retirement but also the impact of economic events. One of the keys to supporting a successful retirement, is to generate sufficient income to enjoy a comfortable retirement and also employ tactics that protect your income from possible changes over time, according to CNBC.com in “Here […]
Elderly man pays $4,000 for bogus inheritance in the millions. The Times News tells a cautionary tale to seniors, who are often targeted by scammers, and their adult children, who need to protect their aging parents in the article “Elderly Hawkins man loses $4K in phony $89.5 million inheritance scam“. The story begins with the […]
Wouldn’t you prefer to decide where your assets end up rather than have the state make the decisions? You don’t have an estate plan? If that is the case then there is a pretty good chance you will leave behind family confusion, family infighting and left over hard feelings, according to Zing! in “What Happens […]
If you are ready to pack up and leave the work life behind, there are a few things to consider. You have worked for decades and it is now time to retire. But wait, there are some things it would be wise to accomplish during those last months of working, according to Next Avenue in […]
