A parent’s estate plan can be a touchy subject so many adult children avoid the discussion, unless parents bring it up. Yet, it could be one of the most important discussions you ever have. It can help ensure parents have taken appropriate action to document their wishes and protect their assets. If your parents haven’t… Continue reading
Financial Considerations Before Remarriage If you’re about to remarry, you’ve probably already made some major decisions together — such as how you introduced your families to each other or deciding where you will live. And that’s just the beginning. You and your new spouse will also have to work out a number of financial and… Continue reading
An ideal estate plan describes your wishes as clearly and completely as possible. This helps others know your requests in the event you’re incapacitated or you pass away. You may even need several types of documents to cover all your bases. A will provides the most widely recognized tool for expressing your final wishes. An advance care directive… Continue reading
Imagine This Scenario Maria is 50 years old and vested in her employer’s defined benefit plan. She is not married and has a 22- year-old son named Jeff. He is a full-time college student and lives at home with Maria to save money. Maria intends to name Jeff as her beneficiary so he would receive… Continue reading
No one expects to be the victim of a disaster, yet every year people find themselves in the midst of fires, floods, earthquakes and other catastrophic events with little, if any, time to prepare. And every year personal and financial records are lost because they can’t be located quickly in an emergency. That’s why it’s… Continue reading
Wills, trusts, powers of attorney — what do all these things mean? No question, estate-planning jargon can be confusing. Yet, having a plan is an important part of your overall financial wellness. Let’s walk through some basic terms, concepts and tools to help you better understand the components of estate planning. A Will Comes First… Continue reading