At first glance, life insurance may not seem to have any bearing on your estate plan, but it can be a crucial part of it. There are numerous other benefits to owning a life insurance policy aside from providing a large…
In Care.com’s annual estate planning survey for 2019, 57% of U.S. adults lack a Last Will & Testament (a “Will”). Participants differed significantly based on factors such as age, race, and education. For example, when broken down generationally, 66% of people…
Estate planning is being transformed by changing family structures. As recently as thirty years ago, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked toward financial stability and security. In…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
Sadly, many individuals make costly mistakes without proper advice and guidance from an estate planning attorney. Estate planning ensures that your assets, interests, and those you love are protected after you die. Beyond undermining your intent and diminishing your financial legacy,…
In the event of your passing, your loved ones should not have to inherit assets only to discover they can’t access them for cash expenditures. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to get cash.…
New partnerships are forming among older Americans who have experienced widowhood or divorce (in record numbers). The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships. Cohabitating…
You should include Power of Attorney (POA) documents in your estate planning process. Most states recognize powers of attorney, but each state has its own rules and requirements. The document gives one or more individuals the legal authority to act…
There is no question that seniors are prime targets for financial abuse and scams. That’s why senior protection plans are so important. As we age, it can become increasingly difficult to manage our assets. Most of us will, at some…
In the wake of losing a spouse or long-term partner, it can be difficult to think beyond your grief. However, it is crucial to realize you need to make important and timely decisions regarding your finances and personal estate planning.…