Various professionals can assist you with the development of a proper estate plan but far too many people make mistakes when selecting or working with a financial advisor, that could compromise the results they achieve. The two biggest mistakes you can make when it comes to hiring and working with a financial advisor have to… Read More »
Blog Posts Page 5
What Laws Apply When You Inherit Property from Another Country?
It might initially seem like a scam when you receive a notification from an estate planner in another country or for someone managing the probate of a loved one’s estate, that you have received a real estate located in a foreign land. This might initially seem exciting but the truth of the matter is that… Read More »
How Retirement Might Affect Your Marriage and Your Estate Planning
Looking ahead to retirement is a common goal for many people who are anticipating being able to retire at age 65 or shortly thereafter. New studies indicate that it is more important than ever to plan ahead for your retirement because of the potential challenges that you may face. Many people have clear goals for… Read More »
Middle Market Companies Must Include Succession Planning as Well
Companies of all sizes can benefit from a process of business succession planning. Overlooking the business succession planning process can lead to challenges and problems in the future. The support of an experienced lawyer is necessary for figuring out how to move forward with your estate planning process. Regardless of how long you’ve been working… Read More »
Placement in High Quality Nursing Homes Means Less Risk for Placement in A Long-Term Care Facility
A new study identified that older adults who are put in high quality nursing home facilities had a decreased risk for placement in a long-term care facility. This research was recently published in the Journal of the American Geriatrics Society. The researchers looked at the role of quality of the facility and how it affected… Read More »
How to Add a Side Hustle to Your Retirement Plan
If you are looking ahead towards retirement, you may be curious about whether you should transition out of the workforce completely. Many people who enter retirement still would benefit from an additional stream of income and will also like some way to spend their time that fulfills them. A side hustle or a hobby that… Read More »
If You Are a High Net Worth Client, You Need a Knowledgeable Advisor
If you would classify yourself as someone who has a very high net worth, it is even more important for you to retain the services of an advisor, who looks at your individual financial situation, specifically. High net worth clients often have unique concerns as it relates to minimizing their taxes, estate planning, passing on… Read More »
Don’t Let Fear of Financial Planning Put Off Your Opportunity to Achieve Maximum Success
Many people who get to the point of retirement reflect back that they wish there was more they could have done over the course of their life. Far too often, in younger years, people put off important decisions about financial and estate planning because they believe it doesn’t necessarily affect them or they are simply… Read More »
How to Break Down Your Estate Plan into Bite-Size Pieces
Many people who have put off estate planning have done so because they feel that it is overwhelming. They either assume that they don’t need estate planning at all, or that the process will be so difficult that they won’t be able to accomplish it. The good news is that breaking down your estate planning… Read More »
Medicare Costs May Go Up as Much as 200% For Some Retirees
A new retirement scan study has found that the Medicare costs linked to particular retirees may increase by as much 200%. High income retirees may be affected, because of the alterations in income brackets that determine what their premiums might be for part D or part B coverage. Retirees who may find themselves in this… Read More »
Can You Achieve Philanthropic Success by Passing on Your Business?
A proper business succession plan must include numerous different elements, including who is entitled to take over when an owner involuntarily or voluntarily exits the business, and plans for the transfer of ownership. You may also be able to accomplish the additional goal of philanthropic goals when selling a business by consulting directly with a… Read More »
Retirement + Estate Planning Work Together
You need to cover five different bases with your retirement plan. Looking forward to the future and combining your estate planning with your retirement planning goals is well worthwhile. It certainly helps to have a guide or a roadmap to help you get there. There are plenty of people who can assist you, including agents,… Read More »
Artificial Intelligence and Cognitive Decline
May help Alzheimer’s patients in advance. A new study has identified that artificial intelligence may be able to detect Alzheimer’s disease a decade before the symptoms actually appear. Machine learning now shows significant counters for the diagnosis of Alzheimer’s up to one decade in advance. This means those patients who may ultimately develop Alzheimer’s disease… Read More »
Business Planning Must Occur Because Of Digital Assets
Estate planning for an individual is a given, but it is also extremely important for a business. This is increasingly crucial as a result of digital assets that must be included in the estate planning process. Although these may not be as obvious, they are equally important. Knowledgeable estate planning attorneys are extremely beneficial for… Read More »
Where Accountants Fall Short With Estate Planning
When thinking about estate planning, most people assume it is what happens when a family member passes away suddenly. This can bring forth common images of insurance policies, legal documents or even litigation associated with will contests. However, the prospect of estate planning for an individual client goes much further than deal with someone’s… Read More »
Entrepreneurs Must Engage In Estate Planning
Entrepreneurs must have a game plan for their immediate future and for their long-term future. For younger entrepreneurs in particular, especially Millennials, deciding on specific actions is the critical step for financial success. Although many financial plans are composed of estate planning, tax planning, money management and investing, each of these various factors will be… Read More »
Do You Have Digital Assets That Should Go into Your Business Estate Plan?
Business owners should already be aware of the benefits of having a comprehensive estate plan, but in the case that you may have made a critical mistake and not protected yourself in this way, you need to schedule a consultation with a business succession attorney immediately. The support of a business succession attorney is crucial… Read More »
My Estate Is in CryptoCurrency- What Now?
Most people assume that their tangible assets, including their retirement plans and their actual assets, including vehicles, property and other forms are the primary components of their estate plan. However, crypto currency has become a major force and there are still major discrepancies when it comes to planning ahead and incorporating crypto currency into your… Read More »
Common Challenges of Baby Boomers Approaching Retirement
Baby boomers who are getting ready to retire have many different concerns including their own financial future and paying for health care in terms of long term care, in addition to ensuring that they have assets set aside to pass on to their loved ones. There is no doubt that estate planning is a common… Read More »
Can I Amend My Trust?
If you already have a trust document put together, you should consider the type of trust that you selected as far as whether or not you’ll be eligible to amend a trust in the future. An irrevocable trust cannot be amended in the future, regardless of the changes you would like to make. Furthermore, it… Read More »