Have you recently switched jobs or had another major change in your life? Beneficiary designations on these forms are extremely important for how the courts will interpret who is eligible to take over these accounts and reap the rewards after you have passed away. Outlining in your will that you intend for someone to receive… Read More »
Blog Posts Page 6
Getting Separated from Your Spouse Should Prompt New Estate Planning Conversations
Have you recently gotten separated from a spouse and failed to update your legal documents and plans? This could be big mistake if you were to become suddenly disabled or to pass away. If you have your spouse legally listed on all of these forms, it’s important to realize that separation in and of itself… Read More »
Don’t Forget to Include Asset Protection Planning
Conventional estate planning is only half of the equation and if you leave yourself exposed to the possibility that someone could launch a lawsuit against you, you could be financially ruined with just one of these unfortunate intrusions into your existing estate planning. Comprehensive estate planning must include traditional estate planning tools to maximize the… Read More »
What Happens If Medicare Doesn’t Pay for My Long-Term Care?
Many clients who schedule a consultation to discuss elder care planning and long-term care are confused about Medicaid and Medicare. While both of these programs were created by federal laws, they function quite differently and may not give you all of the protection that you expect should you need long term services in the future…. Read More »
Protect Your Retirement Accounts by Rolling Them Over the Right Way
Have you recently updated your beneficiary designations to reflect the fact that you’ve gotten a new job, or perhaps you have changed your retirement accounts to begin with? You have many different options when you leave one employer and go to another one. Rolling over 401(k) funds into your new employer’s plan may not always… Read More »
Protect Your Business Trade Name for Maximum Ease in Business Succession Planning
Business succession planning should begin at the time that you launch a new venture. Although there are so many different details to address when you start a new company, protecting your business name by consulting with an intellectual property attorney is equally as important as looking ahead to your own retirement and developing a business… Read More »
Financial Matters to Remember in Your Second Marriage
Whether you are getting married after the death of a spouse or remarrying after a divorce, smart financial planning should always be included in your overall process. A second marriage brings many different questions and considerations to the table, and having the experience of a knowledgeable financial advisor and estate planning attorney is strongly recommended…. Read More »
How to Incorporate a Financial Advisor into Your Estate Plan
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 »
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 »