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These people are most likely away at college or just starting their careers and probably have little in financial are some universal estate planning strategies that work across the board, regardless of a person’s financial At minimum, young adults should have a power of attorney for health care and a POA for financial assets The financial POA says who can access financial accounts—like a 401(k) and an IRA.

Any litigation: Lawsuits can affect your finances.

Probate typically occurs when there are real properties or financial accounts involved.

Here are three simple steps you can take to reduce your stress and improve your financial well-being any major life changes, such as changing jobs, adding a new family member, retiring, or receiving a financial These steps may seem small, but each can dramatically improve your finances. Small wins at the beginning of the year will help you stay committed to improving your financial well-being Reference: Nerd Wallet (February 8, 2016) “3 Simple Steps to a Financially Strong Start in 2016” #AssetProtection

Active engagement with your money can make a real difference when it comes to achieving your financial Rather than selective amnesia with tax season, try some financial awareness throughout the year because With the return freshly filed, all your financial information is right in front of you. It’s a great time to review and update financial goals, as well as your plan on how to achieve them. Before you put everything back in the file cabinet, take time to think about your financial situation

Financial planning often gets delayed, but there are many tasks that should be done to make things easier Identify family members who should be included in financial plans, like those who can help with routine financial responsibilities.

Organizing your personal finances is especially critical for Baby Boomers who’ve recently retired or The article, “9 ways for older Mainers to get a grip on finances in 2016,” from the Bangor Daily News Review your estate documents, including your will, your medical and financial powers of attorney and Review your financial condition. Examine your overall financial situation by tallying your assets and liabilities, as well as your expected

But this agreement lets you enter into a legal and financial arrangement prior to the wedding, and you There needs to be a power of attorney created, and it can be for either or both financial and health If your spouse becomes incapacitated, you’ll be able to make financial and health decisions on his or

This means he’ll have to try again with new financial terms. Court filings show the NFL’s finance rules won’t allow Benson to use his personal wealth, which includes

proposed legislative changes to the current law in order to simplify the forms and add penalties for financial The current remedy in such instances is to compel banks and other financial institutions to accept a However, even if a judge orders the financial institution to recognize a valid power of attorney, the judge still can’t impose sanctions against the financial institution. Nonetheless, many banks and other financial institutions still require that their own forms be used.

These are the important specifics related to financing your retirement. spouse are “singing from the same hymnal”—or in other words, on the same page when it comes to these key financial

All of these help you on the path to your financial future and your long-term goals. While much of financial planning primarily benefits you, your estate planning primarily benefits your