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In addition, it can be a financial tool to delay taking Social Security benefits or to preserve cash. Evaluate the decision to use a reverse mortgage as part of a total financial plan. Buy a Retirement Home with a Reverse Mortgage” #HoustonAssetProtection #HoustonEstatePlanningLawyer #PlanningfortheFuture

Here are three simple steps you can take to reduce your stress and improve your financial well-being changes will have an impact on your tax situation and cash-flow, as well as your insurance and estate-planning The earlier you can take them into account in your planning, the more beneficial and less stressful their A little planning now can go a long way toward avoiding any surprises later. Organize your taxes. You can also automate monthly deposits to savings plans, like a 529 college savings plan or other investment

If your estate plan includes a revocable living trust, start by examining the provisions for potential Providing for your spouse is typically an estate planning goal for couples, as well as ensuring that Bypass trusts were an effective planning tool when the federal estate tax exemption was just $1 million

person selected as executor is a critical part of realizing the peace of mind that comes with a well-planned , the executor’s day-to-day responsibilities are in many instances shared or delegated to an estate planning

Talk with an experienced estate planning attorney for accurate and comprehensive information, and so Putting all your money in a CD or money market is safe, but is not going to give you the financial outcome insurance company; or (3) accept the risk, and the bad outcomes that may come with it. #6: Have proper planning An estate-planning attorney can help you with all of these issues. #7 Understand where you need help

This protection is where a trust protector comes into play. What Is a Trust Protector? If you are creating or revising an estate plan, Your Legacy Legal Care can help with comprehensive estate planning services.

important reasons, even if you’re not millionaire, why you should have a will as part of your estate plan independent trustee—such as a bank or trust company—to serve as trustee or as co-trustee to make the best financial Planning can help you anticipate and potentially mitigate estate and inheritance taxes. nobody likes to talk about dying or wills or what might happen after you’re not around—and even if you plan

Members of the military have special estate planning needs, particularly when they’re deployed. also have access to special benefits and resources, says Kiplinger’s May 27, 2016 article, “Estate Planning This is critical if you have financial dependents—even more so if you’re heading into combat. The beneficiary designations for your pension, life insurance, IRAs, and thrift savings plan take precedence Reference: Kiplinger’s (May 27, 2016) “Estate Planning for Military Families” #Guardianship #PowerofAttorney

Young adults and the millennial children of older adults are not who you’d think of as needing estate planning Investment News’ recent article, “The most important part of a young person’s estate plan,” notes that , nonetheless, there are some universal estate planning strategies that work across the board, regardless The financial POA says who can access financial accounts—like a 401(k) and an IRA. Reference: Investment News (August 3, 2016) “The most important part of a young person’s estate plan”

Making a Plan The best way to avoid everyone becoming stressed is to make a plan and become knowledgeable The most important part about making a plan is implementing the plan. plan! While plans are not always perfect, having a plan will help achieve a better outcome. talked about it, and I gave her some options to consider so we could get her to where she needed to be financially

According to a recent article from The Motley Fool entitled “Planning for Retirement When You’re Single Make plans to take care of your health. Healthcare costs in retirement can be a significant financial hardship. You need some estate planning and should draft a will and name your power of attorney and beneficiaries Reference: The Motley Fool (January 26, 2016) “Planning for Retirement When You’re Single” #Pearland

It could be in relation to medical, educational, and/or financial information.