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Your Legacy Legal Care has seen many changes in tax law over the years, and have options that are available Get a head start on protecting your loved ones and your hard-earned savings today by scheduling a strategy

Nobody could have predicted the sheer number of Americans who would become hospitalized by COVID-19. consider estate planning for the first time, especially for those that are considered to be high-risk or have when you cannot stop the worst-case scenario from occurring, you will at least rest easy knowing you have , but it is an excellent time to review beneficiary designations and any existing documents you may have Should you or your loved ones pass away, you will want to minimize red tape and ensure your savings and

pets can be an immense weight off the shoulders of your loved ones, especially since they would not have Having proper estate planning documents established will allow you to make your wishes known when it You will save them an enormous amount of time, energy, and money by sorting out your estate ahead of Once you have an appointment scheduled, you should have a conversation with potential guardians, charities Schedule Your Appointment If you have been putting off estate planning tasks, this is your sign to take

withdrawing from your retirement account. in a savings or money market account. If you end up unemployed due to a major health crisis, this will help you cover your costs and protect If you don’t already have a Roth IRA account, consider adding one for tax-free income in retirement. The money will go in after-tax, but you can contribute a higher amount to a Roth 401(k)—plus there’s

Does your spouse or your children have a list of your bank accounts, your estate planning attorney, CPA Does someone have your health care power documents in the event they are needed in an emergency? Do you have a list of your life insurance policies or your retirement plan documents? What about your day-to-day bills and the location of your checkbook and savings accounts? These are things you need to have ready and organized to make a difficult time easier on your family.

But, does everything you own have to go through this probate process—which is public, easy to contest with right of survivorship A beneficiary is already designated on a life insurance or a retirement account Knowing the difference between which assets are subject to probate and which are not can save your family

#1: Forgetting to Sign the Form One of the most common advance directives mistakes is forgetting to have That is why it’s so important to get family members to fill out such documents while they are still healthy In fact, not having their signature on your documents can actually nullify your paperwork, so you will While you might expect them to have the power to sign your advance directive form, it is not allowed. As you choose which person to list as your primary healthcare agent, make sure you are having conversations

Open multiple savings accounts. Set aside specific, separate savings accounts for some of your goals to ensure that you won’t raid savings Create a summary sheet for your health, life, disability, liability, and long-term care insurance policies Review the titling of your accounts, your beneficiary designations, and your estate planning documents deposit box and keys, marriage and birth certificates, passports, online passwords and account numbers

It is your way of keeping your assets safe and making sure they are handed down as you wish. With it, you can have a strong say over your assets and ensure your family benefits in the way you have Crafted as a protective vessel, it ensures assets are safely relayed to beneficiaries, such as young it’s about ensuring that the trust’s assets align with your goals and will be managed in the way you have Creating a Financial Legacy: Trusts allow you more than just transferring wealth; they enable you to

Hospitals, nursing homes, mental health agencies and other service providers have been complaining for aren’t paying bills quickly and accurately, but three companies and state human services officials have Several care providers testified that they have had to borrow money to make their payrolls, and the CEO of one mental health program for children said her agency is owed nearly $1 million for services it The Republican says it will save money and offer more flexible services.

Situations where formal estate planning would have provided some certainty and protection from pain, I Will Care For Them… If You Will Care For Me Many families in the Houston area have several generations Broken Promises What can you do when you have given years of your life to your family, and they can’t The love you gave was not wasted, but sometimes love is not enough. scrimped and saved for your entire life.

Many of us have invested in a 401(k) or some similar savings plan so that we can enjoy a comfortable That’s a very lucrative break that helps make saving much more enjoyable. you should have withdrawn. your account each year. You typically must begin taking withdrawals from your IRA, SEP IRA, SIMPLE IRA or retirement plan account