More and more people are moving into senior communities as they get older. These communities, which typically have a minimum 55 years of age, offer the benefits of homeownership, including having your own place with a yard and some space between you and your...
Caring For You In The Long Term
Year: 2022
Do you need to make a pet trust?
As you’re doing your estate planning, you may want to think about your pet and what will happen to them if you pass away. Perhaps you’re young and you’re just worried about what would happen if you passed away unexpectedly. Or perhaps you have a pet that can live for...
How can you ask your parents about their estate plan?
It can sometimes be difficult to bring up estate planning with your parents. You naturally want to know if they've done their planning so that you know a framework is in place, especially regarding medical decisions and things of this nature. But you also may feel...
3 ways to limit your risk when drafting powers of attorney
Your estate plan determines what happens when you die and also what happens if you need medical support later in life. If you end up in a coma or the courts determine that you lack the necessary testamentary capacity to act on your own behalf, someone else will need...
How can a trust help secure your loved one’s future?
A trust will remain in place long after you are gone. As such, you can use it to financially protect and provide for your loved ones in the long term. In addition, trust assets will be managed according to your instructions, which adds to the usefulness of these...
How can you address sentimental items in an estate?
Estate disputes happen for many different reasons, but one common thing that is cited is the role of sentimental items. These items are often referred to as family heirlooms, but they may not be items that have been passed on over the generations. It could just be...
Are guardians just for children?
Guardianships can certainly be used for children, and they are a major part of estate planning. In fact, one thing that often spurs people to begin thinking about estate planning is when they have a child. They know that the child needs to be cared for if they pass...
Why it’s important to get input when making an estate plan
When making an estate plan, it’s a good idea to talk to people who will be impacted by that plan. This includes your heirs and beneficiaries. You want to get feedback from them and get their input on how this plan should be set up. Legally speaking, the plan is...
What you need to know when designating your IRA beneficiaries
If you’re like many Americans, a good portion of your assets are in retirement accounts. If you’ve been putting money away regularly, you likely have one or more individual retirement accounts (IRAs) with pretty healthy balances. You should already have beneficiaries...
4 estate planning mistakes
Having your estate plan worked out now can go a long way toward protecting your future and your family. While you may believe you have a full-proof estate plan, there may be issues you don’t realize. Here are some of the common errors your need to avoid: 1. Writing...