Many people know about wills, and their incredible importance to their estate plan. But you would be remiss if you thought that living wills were the same as a will. One of the differences is in the name: a will takes effect upon death, whereas a living will dictates...
Say you're a 30-year-old professional. Should you have an estate plan? Say you're a 45-year-old who has been working for a long time and has accumulated quite a few assets. Should you have an estate plan? Say you're 60 or 65, and you know that you only have about 15...
As we have written about time and again, estate plans are incredibly important. They are also very complicated, with a lot of moving parts and terms that many people don't know or understand. Because of this, putting together an estate plan is an intimidating task...
Imagine if you are a beneficiary or heir to one of your parents' estate. When the unfortunate time comes and they pass away, you are eventually sat down by an attorney that works on behalf of your deceased parent. That attorney informs you that your parent didn't have...
We have talked about trusts quite a bit in the past, and one of the more common (and important) types of trusts is called the "living trust." A trust is an arrangement between the grantor, a trustee and a beneficiary. The grantor gives wealth, assets and/or property...
In less than 12 hours, we will turn our calendars to to January 2016. We will all celebrate a new year, and we will marvel in all of the possibilities that such a new year can bring. Promises will be made and resolutions will be kept (or broken). And in this regard,...
Estate planning is an inherently complicated topic that can leave many people feeling confused. As such, people who are entering the estate planning process often have a lot of questions on their mind. Let's answer a few of the typical questions that get asked while...
The last time we talked about long term care planning was about a month ago. We wrote about LTC insurance, and how it can prove very beneficial to some people. Today, we're going to talk about home care, what options there are for this type of care and why many people...
"A tale of two very different shoppers."That is how a recent national news article chronicling the financial difficulties confronting many middle-class families across the country terms the current year-end holiday season. A closer look at the story reveals what is...
Planning for the inevitable is a great way to stay organized in your life. But when that "inevitable" situation involves your impending death or incapacitation, it can be very difficult to muster up the motivation to plan for it. However, it should go without saying...
