Search Results

US News’ recent article, “Pros and Cons of Whole Life Insurance,” says that life insurance is often Life insurance—whether term or whole life—can be used to fulfill various planning goals. Term life insurance is used to cover risks over a certain period of time—like to replace your income The goal is not to depend on life insurance in general or on any one particular type of life insurance achieve their living and legacy goals.

You may have started to do some estate planning with the purchase of life insurance, which is creating folks’ estate planning consists of a simple will, but for others, it may include a will, trusts, new life insurance, powers of attorney, a living will, and other legal instruments. the first step in estate planning” #Guardianship #EstatePlanningLawyer #LivingWill #PowerofAttorney #Wills

that, once you or a loved one get it, there is nothing you can do. She felt like there was nothing she could do about it. What I like to explain to people is that Alzheimer’s, in a way, is like any other chronic degenerative This consists of your age, your ethnicity, your gender, and where you were born or where you live. Having an accountability partner is very helpful, whether it is a friend or a coach like me who is giving

When a grandmother wants to give her two grandkids $50,000 each for college, there can be tax and financial In general, grandma is permitted to give each child $14,000 a year without using up any of her lifetime If grandma contributes the $50,000 in the first year, it’ll be prorated over the next five years at $14,000 If the parent is the custodian, the plan will most likely be deemed an asset of the parent, and this If the child is likely to get financial aid, she could make gifts for other purposes like a down payment

sure that your assets are not divided among you but instead given to the heirs or dependents in your life If you have questions about dividing assets or trusts please feel free to give the experts at Your Legacy #assets #diving #Divorce

Term life insurance will cover you for a certain period of time. to ask yourself before buying a whole life policy. Whole life can be helpful, but it’s not necessary for everyone. Whole life costs a lot more than term life because some of the premium goes into the cash value savings policy that can be converted to whole life.

The percentage of unmarried couples living together has increased from a bit more than 1% of all couples Marriage offers many legal and financial protections, so if you’re planning to live together without Rather than assuming all the financial details will work themselves out once you’re living together, create a “living together contract” or “relationship agreement.” will manage and pay for expenses, such as the rent or mortgage, food, childcare, utilities, and other living

Harris a century ago in his often-cited history of wills. that the estate was believed to be worth $85,000 and would be divided between Mary and Lincoln’s two living Hughes had most likely left a holographic will, a handwritten will. Lincoln Have in Common” #AssetProtection #EstatePlanningLawyer #Probate #ProbateCourt #Inheritance #Wills

Last Will and Testament and/or Living Trust A will is a document used to leave instructions about what Depending on your situation, a Living Trust may add another layer of protection and control to your planning Medical Power of Attorney or Living Will This document is different from the power of attorney described A living will also allows you to explain in advance what type of care you do or do not want in all types #estateplanning #EstatePlanningLawyer #Wills

She’s owned life insurance since she started racing, and she now advocates on behalf of Life Happens, It’s a rite of passage to buy life insurance before your first race. With term life insurance, many life insurance needs will expire, assuming that a family is on track to insurance—whole life, universal life, or variable life. Term life insurance can be pretty inexpensive.

Common law marriage is a union between two consenting adults who live together and present themselves They will need to live together as if they were married. They may be able to provide evidence that demonstrates the couple has been living together and has had about how long the partners lived together Evidence from family members or other people who know them Lawyers can also review existing documents like wills and trusts , which might contain language indicating

Parents should to be reassured that you’re not trying to take control of their lives or take advantage the most important financial issues, decisions and plans to discuss with your parents: Consider a living The difference between a trust and a will is that assets included in a properly-executed living trust A living trust may be a bit more expensive to create than a will, but it will let your parents do wise discuss housing options with your parents and what they would want to do in the event they can no longer live