There may come a point when you realize that you don’t have an estate plan. Here’s the good news: it’s never too late to get started. If you realize that you’ve waited too long, it’s easy to get ahead of yourself. And when you do that, you may immediately turn your attention to do it yourself (DIY) estate planning. While this sounds like a … [Read more...] about No Estate Plan? Don’t Rush Into a DIY Strategy
It’s never too soon or too late to start planning for retirement. Even if you’re behind the eight ball, there are steps you can take to catch up. Unfortunately, many people fall prey to one retirement planning mistake after the next. And by doing so, they soon realize that retiring at the target age is going to be a difficult task. On the … [Read more...] about Common Retirement Planning Mistakes to Avoid
Here’s why incapacity planning is a big deal: you never know what the future holds. One day, you’re in good health and feeling confident in everything the future will bring. But the next, you’re struggling with an illness or serious injuries that leave you unable to make your own decisions. While you hope that nothing like this ever happens, … [Read more...] about Why is Incapacity Planning a Big Deal?
Creating an estate plan for the first time is easier said than done. There’s a lot that goes into this process, so it’s critical to have a thorough understanding of what you’re up against. Familiarity with common first time estate planning mistakes will go a long way in helping you avoid trouble. While there’s no shortage of mistakes lurking, … [Read more...] about First Time Estate Planning Mistakes
Choosing a nursing home for an elderly parent is something you hope you never have to do. Unfortunately, there could come a point when you need to make this difficult decision. Not only is it difficult because you don’t want to move your parent into a nursing home, but it’s also a challenge because there are so many facilities to choose … [Read more...] about How to Confidently Choose a Nursing Home for an Elderly Parent
A Health Care Power of Attorney appoints someone to make decisions for you if you’re not able to do so for yourself. An Advance Directive expresses your wishes regarding end-of-life decisions. During the COVID-19 pandemic, it’s important to have them up-to-date. Read on to learn more. … [Read more...] about Staying Current is Especially Important in the Pandemic
There’s a lot that goes into creating an estate plan, so you don’t want to rush the process. Doing so puts you at risk, as you could end up missing out on something that would benefit you, your family, and/or your estate. The purpose of a living will is simple. You create this to ensure that you receive the right type of medical care and … [Read more...] about Take Advantage of a Living Will
Incapacity planning isn’t something you want to think about, but it’s critical to your current and future well-being. Not to mention the fact that it’ll also benefit your loved ones in the event of incapacity. Even if you’re young and healthy, there’s no guarantee that things will remain this way. For example, you could suffer a serious brain … [Read more...] about Incapacity Planning: Have You Answered These Questions?
There’s nothing worse than learning that someone you love has passed on. For example, as your parents age, this may be something you think about often. If you lose a loved one, it’s important that you give yourself all the time you need to grieve. It’s never a good idea to push yourself too hard during this time, as it can result in more harm … [Read more...] about Questions to Answer After Losing a Loved One
The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when you are planning your estate. Advance Directives for Health Care Everyone is well aware of the fact that you have to facilitate postmortem asset … [Read more...] about What Is a HIPAA Release?