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have. Reviewing the will – If you have already made your will, then good for you! Whether you have stashed it in a safe deposit box or kept it with a lawyer or trusted individual, you Imagine trying to replace everything you have worked so hard for with no funds to do so! 7. Allowing it to get out of hand, however, can have a disastrous impact on your financial life.

All transactions need to be accounted for by maintaining a record of receipts and other documentation

Offices, state Medicaid Fraud Control Units, state and local prosecutors’ offices, the Department of Health The goal is that this collaboration will have a positive impact on improving quality for residents who

Just like many boomers, they didn’t save enough for retirement. These ladies showed future retirees that you can save money by splitting costs and doing things yourself For boomers who don’t have a pension and didn’t save enough in a retirement fund, a post-retirement job We need to think about saving money for our later years. Like in the “The Golden Girls,” retirement doesn’t have to mean checking out.

Special needs lawyers in Houston recognize that when you have a family member with a disability, there It is not unusual to get so caught up in the day-to-day concerns that parents and caregivers have little Simply leaving your assets in a will does not afford this same kind of protection and can cause some While it is possible to name the same person as the guardian and the trustee, it may not be the best insight into areas you may have overlooked, including the individual’s personal, emotional, housing,

what might happen to families in each of three categories: The ostriches may think they just don’t have If these ostriches don’t have the proper legal documents, family members could be at each other’s throats addition to the documents mentioned above, the Cool Kids are smart enough to also leave important lists to save digging, such as the following: Estate Planning Attorney contact info; Bank and investment brokerage account numbers; Insurance account information; and Specific personal items meant to be left to certain individuals

This will make them real, and you’ll have a better chance of achieving them. You really have three options: (1) avoid risk, which is sometimes possible; (2) transfer the risk to Will your designees, beneficiaries, and heirs know what you want them to do or have? Who’s going to make your health-related decisions on your behalf? Reference: Forbes (March 15, 2016) “7 Ways to Have the Most Successful Retirement” #AssetProtection #

“To save the farm, I now work for my daughters. My daughters own all the land. before the wedding, a prenuptial agreement can say that the farm will be treated differently than the wealth Brooks says this type of estate planning and strategies saved the farm.

Hopefully you and your spouse have already begun the communications concerning your respective ideas However, you both might have let some things slip through the cracks. When will you need to start withdrawing from your respective retirement accounts like IRAs and 401(k) You should communicate your estate plans to them clearly, not just for the sake of openness and honesty , but also because they may have responsibilities and active roles.

behalf of the teenager and argued that when Kirk’s will was created, its beneficiaries “knew or should have known (Kirk Kerkorian’s) health was failing, that he was dependent on the persons surrounding him for

Nerd Wallet, in “Avoid This Estate Planning Mistake,” reminds us that many assets have their own beneficiary is still the husband’s first wife—whom he had designated 25 years ago when he first established the account Court has ruled that your beneficiary designations on insurance policies, IRAs, and other retirement accounts help heirs avoid probating your estate and allow you to establish beneficiaries for assets that don’t have

For sure, but there may be other items you need, such as a trust if you have a lot of assets that may Also, a health care directive and power of attorney provide instructions if you become incapacitated. Talk with your estate planning attorney to be sure you have these in place to help carry out the goals