Some people understand the importance of retirement planning. Others understand that estate planning is something they need to do without delay. And those who want what’s best for them and their family realize that they should tackle both. Retirement planning and estate planning go together hand in hand. You shouldn’t do one without the other, … [Read more...] about Retirement Planning and Estate Planning: Do Them Both
Incapacity Planning Addresses These Key Questions
What does the word incapacity mean to you? Do you assume it’s something you only have to concern yourself with later in life? While incapacity may be more common in older individuals, keep in mind that it can happen to anyone. For example, if you’re injured in a serious motor vehicle accident, you may be incapacitated to the point of not being … [Read more...] about Incapacity Planning Addresses These Key Questions
Benefits of a Special Needs Trust
Special needs planning is something that millions of individuals have done in the past, and many more will tackle in the future. We discuss special needs planning in great detail on our website, making note of why it’s so important: If you are the parent of a child with special needs, you undoubtedly worry about your child’s future. … [Read more...] about Benefits of a Special Needs Trust
DIY Estate Planning can Lead to Many Mistakes
DIY estate planning sounds like a great idea, as it gives you full control over the process while putting you in position to save money. However, if you take this approach, you’re at risk of making one or more mistake, which could end up costing you over the long run. The primary pitfall of DIY estate planning is a lack of legal knowledge. It’s … [Read more...] about DIY Estate Planning can Lead to Many Mistakes
How to Choose a Healthcare Agent
When you create a healthcare directive, one of the biggest decisions you’ll make is naming an agent. This is the person you’re trusting to make medical decisions on your behalf should you be unable to express yourself, such as the result of incapacity. Overall, the act of creating a healthcare directive is a straightforward process. However, … [Read more...] about How to Choose a Healthcare Agent
Estate Planning Questions You May Have Yet to Answer
When it comes to estate planning, many people take the time to focus on the basics. For example, they know exactly what will happen to their assets upon their death. And while this is important, there are a variety of other questions that require your attention. As you begin to focus on other estate planning questions, you’ll come to find … [Read more...] about Estate Planning Questions You May Have Yet to Answer
Preparing to Create a Will? Here’s a Checklist
There will come a point in your life when you’re preparing to create a will. It can be scary, intimidating, and fulfilling all at the same time, but once you’re on the right track everything will come together. During your preparation, there are several steps you can take to organize your situation and ensure that you don’t overlook something of … [Read more...] about Preparing to Create a Will? Here’s a Checklist
Questions to Ask Your Elderly Parents About Their Estate Plan
You spend so much time thinking about, creating, and managing your own estate plan that it’s easy to overlook the importance of discussing this with your elderly parents. As your parents age, they often forget about estate planning. And for this reason, they’re more likely to overlook something of importance or make a mistake. Fortunately, … [Read more...] about Questions to Ask Your Elderly Parents About Their Estate Plan
Keep These Estate Planning Mistakes on Your Radar
Regardless of your station in life, it’s critical that you have a full understanding of estate planning. Even if you don’t do it for yourself, it’s critical that you take the right steps to ensure the future well-being of your family. Unfortunately, even if you have the best intentions, you could still make a mistake in regards to estate … [Read more...] about Keep These Estate Planning Mistakes on Your Radar
Power of Attorney for Healthcare: Consider It
There may come a point when you realize the importance of creating a power of attorney for healthcare. Some people do this when creating their estate plan for the first time, while others add it later in life. Since there is no good argument against creating a power of attorney for healthcare, it’s best to do this as soon as possible. Not only … [Read more...] about Power of Attorney for Healthcare: Consider It
