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In reality, life insurance should be one of the first considerations when people evaluate their financial Life insurance—whether term or whole life—can be used to fulfill various planning goals. Permanent or whole life insurance is typically more expensive than term and should be used for estate planning planning needs. Life insurance isn’t a “silver bullet” for all planning needs but is one tool among many to help people

Estate planning lawyers are in the business of helping their clients create the best financial strategy If you need some guidance and direction, talk to a reputable Houston estate planning attorney to turn The 7 Most Common Financial Mistakes 1. Communicating with family – Once you have put together a plan with your Houston estate planning lawyer A Houston estate planning attorney can help you develop a strategy for getting back on track.

We want to believe that our financial institutions have our best interests at heart. That’s because transfer-on-death accounts pass outside of traditional estate planning. plans out of alignment, take a proactive approach. can help you with your family’s estate plans and probate needs. Whether you are looking to craft estate plans for the first time, need help updating existing plans,

Financial regrets—we’ve all had some. But in “8 Financial Decisions You’ll Regret Forever” Kiplinger asked financial planners and personal-finance No one plans to go broke in retirement, but it can happen by not saving enough to begin with. Everyone can use a little good advice, particularly when talking about complex financial issues. #PlanningforRetirement #Probate #LeagueCityWills #401ks #LeagueCityEstatePlanningLawyer

Financial planning issues, however, can vary according to age. The Boston Globe recently published “Financial planning for the ages,” which has a generation-by-generation financial planning guide for different stages of life and the transitions faced along the way. When it comes to financial planning, millennials — who are now 20-35 years old — have time on their side Reference : Boston Globe (January 10, 2016) “Financial planning for the ages” #HoustonAssetProtection

That is why it is so crucial to look at your investment strategy and retirement income plan to see if these questions are complicated – here are a few other considerations to factor into your long-term financial and estate plans: Finding Sources of Fixed Income Fixed income sources in retirement will not keep Solid retirement planning makes all the difference when it comes to your purchasing power. By taking an active role in your estate plans, you will feel more empowered about retirement.

A Forbes article, “Wealth Planning For Couples: How to Wisely Merge Your Financial Plans,” says that While planning your wedding, you and your partner should discuss several serious topics and consult with an estate planning attorney. Even if a couple doesn’t combine all their assets, they should mesh their financial plans to avoid future Reference: Forbes (November 27, 2015) “Wealth Planning For Couples: How To Wisely Merge Your Financial

Elder financial abuse can have devastating consequences, including financial ruin, loss of independence What Is Elder Financial Abuse? investments that are not in their best interest Persuading an elderly person to change their estate plan Sudden changes to wills or estate plans — This may include changes that benefit someone who is not a FAQ: Elder Financial Abuse What is the punishment for elder financial abuse?

Because aging makes seniors more vulnerable with financial decisions, those with Alzheimer’s or dementia , the report details the efforts using MRIs to find out more about the brain and financial capacity. The professor says that changes in some parts of the brain are linked to loss of financial capacity. Get to know your aging parent’s financial advisor, attorney and others involved in his or her financial #AssetProtection #EstatePlanningLawyer #PlanningfortheFuture #Dementia #PowerofAttorney #ElderLaw

Dying can take a large emotional and financial toll on loved ones.

However, under some state laws, financial institutions are required to accept a power of attorney unless

to “quickly follow suit,” as reported by nasdaq.com in “Advisers May Get New Tools to Combat Elder Financial Act would provide civil and administrative liability protection to advisers, broker-dealers and other financial Frequently the best way to deter financial exploitation can be to alert the victim’s family. Three states recently passed laws that are even more stringent and require financial advisers to report Reference : nasdaq.com (July 8, 2016) “Advisers May Get New Tools to Combat Elder Financial Abuse” #