In the process of estate planning you will inevitably hear the word "probate" so we would like to explain a little bit about it. A lot of people think that a last will is a document that is just passed around among family members. But your will actually must be found valid by the probate court, and interested parties can step forward to challenge the will in court. During probate, creditors and claimants can also come forward seeking satisfaction. Once a will is accepted by the court, the … [Read more...] about Avoiding Probate Can Provide Advantages
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Accepting Personal Responsibility Can Save You Money
Some people consider their health to be their doctor's responsibility. This is one way to look at things, but some old sayings are still repeated because they contain a lot of truth. One such saying is that an apple a day keeps the doctor away. What we are suggesting is that positive lifestyle choices have everything to do with your health. If you do the right things throughout your life, you are much more likely to remain healthy once you reach middle age and on into your golden years. On … [Read more...] about Accepting Personal Responsibility Can Save You Money
Do You Conduct Business & Socialize Online?
We live in the information age and this is something to consider when you are making preparations for after you're gone. If you are like most people, you have online accounts and you are going to have to pass along information about them to your executor or the trustee who will be administering your estate. This includes financial services since many people do their banking and stock trading online these days. Paperless billing has also become a widespread practice. You may receive your credit … [Read more...] about Do You Conduct Business & Socialize Online?
TWO TRUSTS TO CONSIDER
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with … [Read more...] about TWO TRUSTS TO CONSIDER
It Is Better To Be Safe…
A lot of people go through life living in the moment and they get into a routine. They keep themselves busy dealing with day-to-day matters and they move through the weeks and months with blinders on. But every once in a while an event can get your attention. The untimely death of the singer Whitney Houston is one of these news pieces that can motivate you to take action. Houston was a top-selling recording artist when she was at the pinnacle of her career and she actually set an industry … [Read more...] about It Is Better To Be Safe…
Charitable Remainder Unitrusts: Giving & Receiving
Some estate planning instruments provide the ability to satisfy multiple objectives, and one of these is the charitable remainder unitrust. With this trust, you provide something for charity but at the same time set up an annuity that provides you with ongoing income. And, there can be some tax advantages as well. After you fund the trust, you name a beneficiary who will receive annual annuity payments; and if you want to receive payments yourself, you will act as this non-charitable … [Read more...] about Charitable Remainder Unitrusts: Giving & Receiving
Estate Planning: Clarifying The Basics
There are some rudimentary estate planning documents that can be a bit confusing if you haven't seen them before and we would like to take a look at them here to clarify them. The last will is a document that everyone understands as used to transfer assets. However, there are other wills used in the field of estate planning and one of these is the living will. Living wills are highly recommended to anyone who wants to have a comprehensive plan for aging in place, but they have nothing to do … [Read more...] about Estate Planning: Clarifying The Basics
There Is No “One-Size-Fits-All” Estate Plan
One of the primary reasons why it is a good idea to work with an estate planning lawyer when you are interested in creating a holistic plan for the future is because of the personalized service that they provide. Every family is unique, and every individual has his or her own particular vision. Exactly what you want to accomplish may be different from the next person, and this is why there is no "one-size-fits-all" estate plan. Another reason why personal attention is key is because of the … [Read more...] about There Is No “One-Size-Fits-All” Estate Plan
Teach A Man To Fish…
They say that if you give a man a fish he eats for a day, but if you teach a man to fish he eats for a lifetime. This is something that you may want to keep in mind when you are crafting your legacy. You can provide financial resources to your loved ones, but there are cases when doing so can do more harm than good. If you were to provide a life-changing sum of money to a family member who has not yet completed his or her education this individual may have no incentive to do so. As a result, he … [Read more...] about Teach A Man To Fish…
Economical Long-Term Care Alternative
You may be surprised to hear that it is likely that you will need living assistance at some point in time. According to the United States Department Of Health and Human Services 70% of Americans who reach the age of 65 will need help with their day-to-day needs eventually. Many people will move into nursing homes or assisted living communities when physical challenges present themselves. This is a viable option, but these facilities can be extremely expensive. The national average for a year in … [Read more...] about Economical Long-Term Care Alternative
