An executor plays a crucial role in the distribution of your estate. This person has many different tasks that must be completed in a properly documented and thorough manner. This makes it all the most important to select an executor who has comfort in serving in this role and who understands of what will be… Read More »
Blog Posts Page 3
Is Self-Directed Long-Term Care for You?
More and more people who are approaching retirement age recognize that they may need support in the form of long term care. What long term care looks like for you depends on your funds, your support systems in place for managing long term care, such as an insurance policy, and your individual requests. More people… Read More »
Study Finds That Charitable Giving Doesn’t Decrease After Retirement
One way that you might wish to use your estate plan is to pass on assets to a charity. A new study completed by the Women’s Philanthropy Institute shows that charitable giving typically stays the same after retirement, whereas other types of spending decreased during these years. Other differences in how married couples, single women… Read More »
Are You Ready to Live Longer?
Do you know that you could live many years longer than you expect? With women living longer than men and people living longer overall, you can’t afford not to plan ahead for this. For many years traditional retirement planning was based on receiving a pension plan from your employer, and probably an employer you had… Read More »
Many Americans Feel They’re Falling from Behind on Retirement
If you’ve already completed your estate planning and have been contributing to your retirement savings plan for years, congratulations, because you’re well ahead of the curve. A recent study completed by Allianz Life Insurance Company of North America indicates that approximately half of retirement savers in the United States believe that they are already too… Read More »
Managing Your Business and Business Succession Planning Can Go Together
Far too many business owners never think about succession planning until it’s too late. They assume it’s too far off in the future or are too busy with the day to day tasks of running a business to factor in business succession planning. However, running the business and planning effectively are not mutually exclusive. A… Read More »
Is Something Missing from Your Estate Plan?
Most people assume that estate planning is all about what happens to your property when you pass away. For that reason, many young, single people and young families don’t put estate planning as a top priority, but it can be one of the crucial things that young parents can do, especially considering that someone might… Read More »
What is the Right Will?
Most people assume when they approach the estate planning process that they need a simple will. But the truth is that every person can benefit from having the right will. Determining the right will for you is based on many different factors, including the complexity or the simplicity of your gifting scheme and goals, contingency… Read More »
Avoid Probate with These Five Simple Steps
Are you interested in keeping your estate out of the public record and ensuring that the distribution of assets moves through smoothly? Probate is expensive as well as time consuming, which is one of the top reasons why people schedule consultations with Pasadena estate planning lawyers to discuss how to avoid it. A properly structured… Read More »
Advanced Wealth Planning Tips with Tax Preferenced Strategies
Do you know what to focus on if you have significant assets that would fall inside your estate? If not, you could be putting your loved ones in line to pay unnecessary tax consequences. The federal government has long made incentives to set aside money in the form of savings by giving some combination of… Read More »
Making Estate Planning Basics Easy
As part of your overall financial planning, you might have a good eye towards putting aside money for retirement, but estate planning often gets overlooked. Since many people are under the impression that estate planning needs don’t kick in until later in their lives, they can make critical mistakes that could subject them and their… Read More »
Should You Fund Your Revocable Trust?
Many people are increasingly using an estate planning approach that uses a revocable trust, as well as a will. In fact, most common estate plans these days include both of these elements. This basic structure is now seen as the bare bones under which guardians of any minor children are appointed and executors of the… Read More »
Is It A Good Idea to Store Your Will Online?
Medical directives and wills are increasingly being stored online in order to allow your loved ones to have access to these crucial materials as soon as possible. This is because far too many people have experienced the unfortunate situation of having to deal with a loved one who did not provide easy access to estate… Read More »
What You Need to Know About the Most Important Retirement Planning Question
There are many different considerations to a comprehensive retirement plan, but do you know the most important retirement planning question? Every retirement plan’s goal is to ensure that you have enough cash flow and income to last you for the remainder of your life, so you need to have a general idea of your overall… Read More »
Infusing Values into Your Estate and Financial Planning Practice
Is the pursuit of your goals based on your individual values? Those values should be based on your financial and estate planning needs. During the fast pace of traditional life, most people don’t take the time to sort out what is most important to them, which means that in the event of a sudden incapacitating… Read More »
Whether You Own a Great Deal or a Little, You Need an Estate Plan
It’s a common misconception that you don’t need the support of an estate plan or an estate planning lawyer if you don’t own many assets. However, whether you own a little or a lot, you still need an estate plan and you can save your family a great deal of aggravation and grief by putting… Read More »
Legislators Consider Issues of Elder Financial Abuse
A recent study found that elder abuse affects millions of people in the United States every year to the tune of nearly $3 billion. The financial exploitation of senior Americans is a concern for adult children as well. The government recently passed the Senior Safe Act in May 2018 as part of a banking reform… Read More »
Top Reasons to Consider Using A Living Trust
Have you contemplated the benefits of using a living trust in the past? Many people are under the false impression that a living trust can accomplish everything. While it’s not true that a living trust will be the only estate planning document that you need or that it will accomplish every single one of your… Read More »
Step 3 of End of Life Planning: Be Aware of the Tax Burden
Now is the time to start thinking about how you can leave money behind to your heirs. One of the easiest ways to do this with tax advantages is through a Roth IRA. Brokerage accounts can also be beneficial since capital gains taxes would likely be eliminated due to the step up in basis from… Read More »
End of Life Planning Tips: Part Two
If you have recently received a serious medical diagnosis, now is the time to accomplish some of the most important estate planning and financial tasks to verify that you have done as much as possible to protect yourself. One of the first steps that you need to take must be designating beneficiaries. Far too many… Read More »