Tag: Beneficiary Designations
Sometimes even having a will is not enough. Most people do not want their finances released to the public. However, if they are not careful with their estate plan, their financial world will become an open book, according to the Robb Report in “Rest in Wealth: The Ins and Outs of Estate Planning“. An example […]
The emotional support should be enough to get you started. Organizing your finances and creating an estate plan can be very simple. However, it is often avoided by many people, despite the peace of mind to you and your loved ones, according to The Brownsville Herald in “Additional Financial Protection for your Family: What to […]
It can be the best of times and it can be the worst of times. When the kids head off to college, you will find that the move will have an impact on your finances and how you handle those changes may well have an impact on your future, according to The Cross Timbers Gazette […]
Celebrities including Marlon Brando, Prince and Florence Griffith-Joyner should have had up-to-date estate plans. It is not just celebrities who make big mistakes when it comes to failing to keep an estate plan up to date, according to Kiplinger in “6 Estate-Planning Mistakes Celebrities Made“. It could happen to anybody, including your family, if you […]
Get started now and perhaps save yourself that last-minute work. It may be a few months before the end of the year. However, you can save yourself a lot of time and money, by beginning to organize your financial planning now, according to USA Today in “Retirement tips: 8 Ways to start your year-end financial […]
It’s easy to put off starting an estate plan. However, you really do want to take care of your family. Why should you have an estate plan? There are many reasons and many goals, including providing for your spouse and children, as well as dealing with a family business, minimizing tax liabilities and naming the […]
There are many things to think about when estate planning. However, among the most crucial is to take potential family conflicts into consideration. A group of professionals including estate planning attorneys, trust officers, accountants, charitable giving professionals, insurance advisors, elder law attorneys and nonprofit advisors recently attended a conference on estate planning and a survey […]
There are new tax laws in the country. However, there is still time to make necessary adjustments. If you have not already reviewed your estate plan and taken the new tax laws into consideration, now is the time to do so, according to Reuter’s article “Your estate plan needs an update even if it is […]
Close attention should be paid to beneficiary designations, by reviewing them on a regular basis and changing them as needed. A recent discussion by the Wills, Trusts & Estates Prof Blog “Ex-Spouse Receives Bulk of Insurance Death Benefit” highlights the importance of following your attorney’s advice and updating your insurance beneficiaries to meet changing circumstances. […]
Knowing when to change beneficiaries is an important part of estate planning. Your job isn’t necessarily over once you create an estate plan. This is because changes in your life should spark a fresh look at the plan. Knowing the appropriate times to do that is important, according to the Aiken Standard in “On the […]
