Tag: Asset Protection
The bill has been in the works for more than three years and has backing from the Delaware Bar Association. If approved, it would be the first comprehensive law of its kind. Seven other states grant different levels of access. Accessing a decedent’s email or other online accounts after his or her death can be […]
If you are expecting an outright inheritance, you may need to think again. Expecting a sizeable inheritance? A recent Forbes article, titled “Why You May Not Get An Inheritance (And What To Do About It)“, provides some sound advice and thoughts to ponder. Good (and recent) financial decisions. Parents like to see a pattern of […]
To grasp the importance of planning for the distribution of your worldly goods, consider all the things that influence what happens to them. An Estate Plan is a form of defense for your estate. But you also need to defend that plan against future influences. A recent Kiplinger’s Personal Finance article, titled “Forces That Affect […]
Federally insured reverse mortgages, issued under the Home Equity Conversion Mortgage program, are a way for homeowners 62 and older to borrow money using their home equity as collateral. Reverse mortgages can be costly, but are (in some cases) the only option for older homeowners without cash and who have mounting health care expenses. A recent […]
Warning: Don’t let your pets crack your nest egg. “The topic of pet expense is rarely discussed,” says Richard Rosso, a senior financial adviser with Clarity Financial LLC, a Houston-based financial-planning firm. “But it shouldn’t be ignored.” Retirement planning largely involves how to budget living expenses. Just make sure you have accounted for those furry […]
The math gets complicated fast, because there are so many variables. How much to save depends on things like your future wage growth, inflation, longevity, future spending needs, what year you hope to retire, and whether you have a defined pension in addition to Social Security. What does it really take to retire? How much […]
Financial planners believe that one’s financial affairs should be organized in such a way that if today is the day that your life changes forever; you are as prepared as you can be. Planning for the unexpected is tricky. How do you know what you’ll really need in the future? It’s best to err on […]
Here are the four estate-planning documents everyone needs. Don’t think you really need a will? Think again! Creating a will with a qualified estate planning attorney is the best way to ensure your wishes will be honored and moved quickly through the legal process. As The Wall Street Journal warns in “Four Estate-Planning Documents Everyone […]
If your digital assets aren’t included in an estate plan, your heirs might not know about that online stock account you have. They might not know you do all your banking online. Your digital assets could be lost forever. In addition to your tangible assets, your digital assets should be included in your estate plan. […]
The emotional toll of leaving an enterprise that you own is underestimated, said Harry Armon, a serial entrepreneur and president of the estate planning firm ARCAP Partners in Jericho. Does the thought of passing on your business give you the blues? One financial planner quoted in a recent Newsday article, titled “Panel Focuses On Boomer […]
