You look forward to the day when you can finally retire. You've earned it, and now it's your time to live it up.
Posts tagged "estate planning"
We live in a DIY world, so it's only natural to consider the pros and cons of tackling estate planning without professional help.
When creating an estate plan, you hope that everything goes as planned, but you know that you're likely to face challenges.
When it comes to your estate plan, you never want to find that you made a mistake. The only good part of pinpointing a mistake is that it puts you in a position to fix it before it causes harm in the future.
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.
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.
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.
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.
You've created a will, you're happy with the terms and conditions, and you hope that you can keep it the same for the rest of your life. However, you shouldn't assume that this will happen, as it may be necessary to make some changes as the years go by.
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 family.