Search Results

Insurance planning shouldn’t begin until there’s been some financial planning, according to CNBC in its may have your spouse own the life insurance policy on you so that you can be smart with your estate planning

Estate planning is a complex area of the law. The Motley Fool’s article, “Estate Planning in 2016: Here’s What You Need to Know,” shares some of the must-know facts that will affect estate planning in 2016. Because of this, many people have a false sense of security that they don’t need to do estate planning Neglecting estate planning can be a costly mistake for your heirs.

We have used our estate planning expertise to collate our best advice to help you and your family plan We have been in the estate planning and elder law field for a long time, and we have seen our share of plan is not a once-in-a-lifetime event. You can update your estate plan at any time, and more than once. In fact, we encourage our clients to update their plans at least every two years.

planning can have a similar effect on your estate and loved ones. You can, however, make plans for how you might handle such incidents. The Connection Between Happiness and Planning The sheer act of planning can boost our mood as well. Think back to the last time you made a plan. Start Planning Now If estate planning has been on your to-do list for a while now, it is time to finally

Nonetheless, Investment News says in “How will Muhammad Ali’s estate play out?” The way in which Ali referenced his nine children in his will could also come into play. Reference : Investment News (June 9, 2016) “How will Muhammad Ali’s estate play out?”

You have planned your life carefully. Most likely, you are also each named as beneficiaries on the other’s retirement plan. However, there is one thing you did not plan for: divorce. What happens to your estate plan now? the most important part of your plan during a divorce. who drew up the joint plan for both you and your spouse.

Without smart planning, all that work can be lost through disability, retirement, or death. Disability insurance policies help ensure that your family is taken care of financially while you are Failing to Have a Succession Plan When you retire, do you know who will take over your business? Many small business owners forget to put a succession plan in place. Taking a DIY Approach to Estate Planning There are tons of online resources for estate planning, all

When it comes to managing their financial lives, those in the generation born between 1982 and 2000—about

However, parents of an adult child with disabilities need to be especially vigilant with their estate planning to guarantee their child’s secure financial future. Adults with severe disabilities are living longer than ever, so it’s critical to create a financial plan Kiplinger’s recent article, “Create a Plan for an Adult Child with Disabilities,” advises parents to plan.

Getting your finances in order prior to retirement may seem daunting. Nonetheless, preparation is the key to designing the kind of financial plan necessary to allow you to live a financially secure retirement.

It is no surprise that estate planning is often an avoided part of financial planning. fact, nearly half of Americans over the age of 55 do not have a will, and only 18% of them have what financial agent in your Statutory Durable Power of Attorney and your Medical Power of Attorney who would make financial Estate plans can protect young or financially inexperienced beneficiaries but are also helpful in protecting Legacy planning is a common part of the estate planning process and can help shape the way you’re remembered

The sister of the late rock star Prince told the press that the 57-year-old Minnesotan has no known will. She recently has filed court documents requesting that a probate judge appoint an executor to oversee his fortune. Tyka Nelson filed the paperwork in Minneapolis petitioning the court to appoint a special administrator for Prince’s estate, which includes Paisley Park Studios where he was found dead on April 21st, according to The International Business Times in “Prince ‘made no will’ for his $300m estate before death.” Ms. Nelson is the only surviving full sibling of Prince. She reportedly requested that Bremer Trust, a corporate trust company, be named administrator of her brother’s estate. Ms. Nelson said that “immediate action” was required to deal with Prince’s business affairs because he didn’t leave a will before his death. “I do not know of the existence of a will and have no reason to believe that the Decedent executed testamentary documents in any form,” Nelson stipulated in her petition for the appointment of a special administrator. Along with herself, Ms. Nelson listed five of Prince’s half-siblings—John Nelson, Norrine Nelson, Sharon Nelson, Alfred Jackson, and Omar Baker—as heirs in the petition. Prince is estimated to have sold more than 100 million albums during his 40-year career and is thought to have left approximately $27 million in property. Reference: International Business Times (April 26, 2016) “Prince ‘made no will’ for his $300m estate before death” #AssetProtection #Guardianship #TrustsandEstates #Probate #ProbateCourt #Inheritance #Wills #Trusts #estateplanning