Becoming a caregiver can result in many challenges; communicating with doctors, managing your time and your parents’ health, and just as importantly, their financial welfare. According to the National Caregiver’s Library website, (www.caregiverslibrary.org,) “caregiving involves more than just medical problems. Helping your loved one manage his or her finances can ensure that he or she […]
Read More »Help for the Brand New Executor
When you are named as executor after someone has died, it can be difficult to know where to begin. Ideally, the deceased told you in advance that they were planning to name you as executor and you had a chance to discuss their wishes and gather information. But that is not always the case and […]
Read More »Would You Choose Cousin Vinny to Be the Guardian of Your Kids?
Estate planning is a key element in any financial plan no matter what your age. Estate planning allows you to decide how your assets should be distributed upon your death. In essence it allows control from the grave! And a word of advice to those under 50, dying does not just happen to old people. […]
Read More »Martin Luther King’s Bible
Personal effects that ordinarily might be worth very little, can be extremely valuable if they have historical significance or were owned by a famous person. Estate battles over such items are not unusual as is the case with some of Martin Luther King’s personal items.
Read More »Estate Planning and 2014: Looking Back
Every year has new developments in estate planning. 2014 was no different in this regard. Some of the changes to estate planning in 2014 are very important to know about. With 2014 just behind us, now is a good time to look back and see what changed in estate planning during the year. After […]
Read More »Make Estate Planning Your New Year’s Resolution
The holidays are upon us. It’s also a good time to get started with some Old Year end and New Year beginning planning activities, especially if family members are going to be celebrating the holidays with you. Start with reviewing what you have and how you own it (by yourself, with your spouse, with a […]
Read More »Silly Questions? Not When It Comes to Your Will
It’s something parents shudder to think about: a will. That’s probably why more than half of Americans with children do not have a legal will. Parents love their children, and the concept of dying and not being there for their children is simply not an option they consider. Establishing a will is a vital part […]
Read More »Need I Be Spoiled to Have a Trust?
Mention a trust, and the first thing most people think of is a spoiled kid living off an inherited fortune without having worked a single day in life. As a result, most people don’t know very much about trusts, and they assume there’s little need to have even a basic understanding of this useful estate-planning […]
Read More »Plan Ahead!
AARP says to head off bickering over your personal possessions, consider supplementing your will with a letter of instruction, an informal document that you can draft yourself. Where there’s a will, there’s a way—and sometimes an ugly family feud. Families are consumed with grief when a loved one dies, but unfortunately certain legal and organizational […]
Read More »Advice for Divorce after Age 50
When you’re over 50 and facing divorce from a long-term marriage, coming to a settlement agreement that will safeguard a comfortable financial future is complicated. “Till death do us part” isn’t the case for many Baby Boomers today. “Gray divorces” are occurring more than ever before — the rate for adults ages 50 and older […]
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