As you age, your life changes in many ways. Sometimes, you're excited about the direction you're heading. Other times, you're disappointed in something that happened and searching for ways to make it right.Regardless of the life circumstances you're dealing with, it's...
Estate Planning
Consider a living trust for these reasons
When creating or modifying your estate plan, consider every option that's available to you. By taking this approach, you reduce the risk of making a mistake that could complicate matters for your loved ones in the future.Many people overlook the benefits of a living...
Long-term care planning should be part of your estate plan
Estate planning has a way of confusing people. Many people focus so much time on their assets and distribution upon their death that they overlook other details of importance.For example, long-term care planning should be a big part of your estate plan. Without this,...
Durable financial power of attorney: Choose the right agent
In the event of incapacitation, you want to know that there is someone who can step in to manage your finances. Furthermore, you want to know that the court won't make this decision on your behalf.A durable financial power of attorney allows you to name an agent. This...
Do you believe these estate planning myths?
There is no denying the fact that there is a lot of gray areas associated with estate planning. Even if you have a good working knowledge of estate planning, your legal rights and federal and state laws, you could still make a mistake that costs you and/or your...
When should you review your estate plan?
As challenging as it may be, it's satisfying to create an estate plan that you can trust. Not only does it ease your mind and reduce tension, but it's sure to do the same for your loved ones.After creating an estate plan, you shouldn't put it away and hope that...
Questions to ask your adult parents about estate planning
As your parents age, it's critical that you help them with a variety of tasks related to their finances and health. In many cases, this leads you to discuss topics that fit under the estate planning umbrella.There are a variety of important questions to ask your...
How to discuss estate planning with your adult children
You're perfectly within your rights to keep all your estate planning matters to yourself. You don't have to share your estate plan with anyone, even those who are closest to you. However, there may come a point when you realize the benefits of discussing estate...
Anyone can make one of these common estate planning mistakes
You create an estate plan with the idea that it will be 100 percent perfect. And while this may be your intention, there is no guarantee of it happening. It's easy to make mistakes along the way, especially if you don't seek the appropriate assistance.These are some...
A living trust can address many estate planning concerns
The estate planning process is complicated, as you're sure to have a variety of concerns weighing you down. Fortunately, with so many tools at your disposal, you should be able to find one that suits your situation.For example, a living trust is designed to hold...