A well-designed estate plan will enable you to achieve important objectives such as protecting your assets, planning for long-term care, and providing for your loved ones. At the same time, estate planning can be complicated and some may fail to understand how their plans actually work. By working with an experienced...
Estate Planning Blog – Surprenant, Beneski & Nunes
In Focus: Long-term Care Planning
People are living longer today, giving them more time to enjoy their retirement years. Nonetheless, with aging comes challenges, not the least of which is declining health and medical conditions that may require long-term care. Given the high cost of medical care at home or in an assisted living facility, it is...
No Estate Plan? Probate Sorts It Out
The state makes the decisions on where your assets should go.
If it is determined that if you do not leave a will or an estate plan, then probate takes over with a key focus on debts and what...
Own a Business? What about Succession Plan?
It is a good idea to have a plan, just in case you do retire.
Many business owners have worked for years to build up their business and don’t have any intention of retiring. However, that day is likely...
Learn about RMDs before You Begin Withdrawals
RMDs are legally required and it is best to study up on them, because taxes can be 50%.
Required minimum distributions are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know...
There are Many Reasons to Have a Will
Prince did not leave a will and many, many relatives showed up to stake a claim.
Not having a will can create some difficult situations for your loved ones and some of them are not expected, according to Arizona Central in
Social Security Myths Can Create Problems
More than half of seniors file early for benefits.
Some people may find it necessary to file for Social Security because of circumstances, such as a job loss. However, it is really important to make sure you are making...
Don’t Forget Digital Assets, when Estate Planning
You can direct what happens to those digital assets, even if it means destroying them.
Almost everyone has digital assets in today’s world and it is important to protect access to them in your estate...
Three Documents You Really Should Have
Who do you want to be responsible for your well-being?
A will, power of attorney and health care power of attorney are the key building blocks of your estate plan, according to the Traverse City Record Eagle in “Simple steps to...
ESTATE PLANNING AND THE NEW PARENT by Attorney Erin L. Shea, Esq.
I’m a “new” mother. I have a 2 ½ year old son and 8 month old twin daughters. Each and every day, I worry and plan for what seems like a million different scenarios. Did I remember to order more baby wipes?...