Search Results

Mistakes can easily be made during estate planning. Here are some important estate planning stories that may help you avoid conflicts in the future. The main takeaway from Jackson’s estate planning mishap is that a trust should be properly funded. Next Steps in Estate Planning Whether you are a celebrity or not, estate planning can be beneficial and to speak to an experienced estate planning attorney today.

putting it off for as long as humanly possible, you’ve finally completed and implemented your estate plan But are you really finished with the planning? That once perfect estate plan may not be a “10” any more. or deferred compensation plans? You moved: If you moved to another state, it may impact your planning.

What end-of-life and long-term care planning should they do? Plan for the Future If your parent recovers, a hospital stay can be a wakeup call. It is an excellent time to look at your parent’s estate planning and nudge them to get it done before Do they have an end-of-life plan, long-term care insurance, and an estate plan? Your Legacy Legal Care offers comprehensive estate planning services.

Baby Boomers need to adjust how they think, especially about the thought of slacker Millennials living with their parents, depleting the fridge and glomming off others. When it comes to managing their financial lives, those in the generation born between 1982 and 2000—about 83 million Americans—are making smart, somewhat surprising choices. Maybe we can all learn something from today’s 20- and young 30-somethings. AARP’s article, “What Millennials Know About Money and Work,” tells us that about 40% of millennials bumped up their 401(k) contributions in the past year. That’s about twice the percentage as that of boomers, according to research from T. Rowe Price. In addition, more millennials know how to stick to a budget. About two thirds of 18- to 29-year-olds don’t have even one credit card, research from Bankrate.com showed. Compare that with about one-third of those who are age 30 or older. There are really two reasons for this: (1) millennials entered the credit space when the market was really tight and debiting was the only option available to them; and (2) they realize credit is a really fast way to get in trouble with debt. Are you overusing your credit cards? In other words, is your credit card balance going up every month, or do you use one card to pay off another? If yes, look to the millennials for some guidance and remove them from your wallet. Reference: AARP (December 2015/January 2016) “What Millennials Know About Money and Work” #ClearLakeAssetProtection #Millennials #TaxPlanning

It is no surprise that estate planning is often an avoided part of financial planning. Durable Power of Attorney A Directive to Physicians A HIPAA Authorization A Business Succession Plan Legacy planning is a common part of the estate planning process and can help shape the way you’re remembered regarding estate plans is family conflict. It can be particularly helpful when dealing with business succession.

Life insurance—whether term or whole life—can be used to fulfill various planning goals. Permanent or whole life insurance is typically more expensive than term and should be used for estate planning on life insurance in general or on any one particular type of life insurance to solve all financial planning Life insurance isn’t a “silver bullet” for all planning needs but is one tool among many to help people

career, approaching retirement, or transitioning out of the workforce, it is crucial to understand and plan Health plans from the health insurance marketplace are an option, as is insurance from your spouse’s To ensure that you plan accordingly, be sure that the health insurance plan that you decide to enroll Many people do not know that estate planning attorneys often work with insurance agents to provide their Unsure about how to start planning for future healthcare costs?

Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing By the time you reach your eighties (or older), the majority of your estate planning may already be taken However, if you want to ensure all of your bases are covered, keep these estate planning tips as you Make Plans for Charitable Giving It is true when they say “you can’t take it with you.” Help for Maintaining Your Estate Plans Life changes fast, and often unexpectedly.

Once the sole proprietor dies, the business does too, creating estate planning problems. If you have questions about how to best plan for the eventual succession of your business, feel free

exactly how or when the impact of inflation might slow, it is important to factor it into your retirement plans That is why it is so crucial to look at your investment strategy and retirement income plan to see if complicated – here are a few other considerations to factor into your long-term financial and estate plans Solid retirement planning makes all the difference when it comes to your purchasing power. By taking an active role in your estate plans, you will feel more empowered about retirement.

Unfortunately, some couples find themselves in complete disagreement about planning for the future. If you find yourself frustrated by your spouse’s outlook on estate planning and planning for your future This can paint a more complete picture of what lies ahead and about how you should be planning for your While it is hard to plan for the worst-case scenario, playing with the theoretical can help you and your Talk with an Experienced Estate Planning and Elder Law Professional If you and your spouse are still

The fact that estate planning lawyers are a part of it is almost a bonus to the job. The financial advisors are given too much freedom to play “fast and loose” with the money, as well as By having your estate planning lawyer include directions for a directed trustee, you can mitigate some of the concerns that come with choosing a family member or giving a financial planner too much leeway