Month: February 2020

For most people, estate planning is difficult enough without adding their children to the mix. However, depending on your circumstances, it may make sense to talk to your children about estate planning and the impact it could have on them in the future. What factors...

Estate planning typically focuses on leaving your assets to your heirs. There are other areas, to be sure, such as advance medical planning, but the main focus is on assets. One of the largest assets that anyone owns is their home, so they have to decide how to leave...

Estate plans and other legal tools such as health care directives help you to plan for an uncertain future. No one knows what the future holds, so by planning for different possible outcomes, you can have peace of mind that your wishes will be followed and respected,...

Many people will need long-term care as they age. Around 70% of individuals who are 65 years old will need to use some form of it at some point. But, long-term care needs aren’t limited only to those who are within that age group. Around 41% of people who need...

A special needs plan is one that sets your dependent up for success in the future, even if you cannot be there. It isn’t just about setting up a trust to protect their assets or the assets you’d like to pass on to them. It’s also about making sure they have the right...

When you’re looking into long-term care planning, something you want to know is the kinds of options that are open for you. There are multiple kinds of long-term care. Some of the most common include: Comprehensive at-home care programs Day programs Home care Senior...

Doing estate planning with a life insurance policy typically just means naming the proper beneficiary. You can pick one person or multiple people. If you choose more than just one person, you can divide the policy up as you see fit. For instance, you could do a 50/50...

As you age, you may have concerns about your ability to remain in your home. However, even if you’re unable to do everything yourself, it doesn’t necessarily mean you have to move into a nursing facility. Home care is another option to consider, as this brings all the...

As the executor of an estate, you have an obligation to follow the instructions and wishes of the deceased. Most executors recognize that they need to protect assets from creditor claims and do their best to make sure that they distribute items as requested by the...

If you already have an estate plan, that’s excellent. Most people do not, so you’re ahead of the game. You’re prepared for the unexpected, and you know your family will be taken care of. However, don’t make the mistake of assuming that your estate plan is now set for...