Q: My mother named her financial adviser and his children as beneficiaries in her will. Is it legal for her attorney to allow this?
A: It is legal, but it raises red flags. In the United States, you can do whatever you want with your money: give it to...
The COVID-19 pandemic has many people finally taking action to fill out advance health care directives, wills and powers of attorney. Here are some tips to help you along the way.
By Sam Nuxoll,
It has arrived: the unexpected, potentially life-threatening circumstance you had in mind when...
A revocable trust and an irrevocable trust serve totally different needs. By Ilyce Glink and Samuel J. Tamkin
Q: I am divorced and have two grown daughters. I am placing my house in a trust. My attorney is recommending an irrevocable trust. Which do you prefer, revocable or irrevocable and why?
By: Caring.Com, Contributor
Let’s face it—end-of-life planning isn’t fun. The topic can seem morose, depressing -- maybe even a little scary. But it’s also a critical aspect of managing your assets and protecting your family, which is why it’s surprising that nearly 6 out of...
By: Megan Gorman
Across the country, Americans are reeling from the impact of the Covid-19 crisis. But as volatility impacts all areas of our daily life, many wealthy Americans are looking at their estate planning to see if there are any unique opportunities.
While this may seem...
Many people devote more time to planning a vacation than they do planning their estate. Without estate planning you are only making things harder for those that you love.
https://www.youtube.com/watch?v=Zg4BPVN9OZgIt seems like many people devote more time to planning a vacation, what car to buy or even where to eat dinner than they do deciding who will inherit their assets after they're gone. Sure, estate planning isn’t as...
By Brad Wiewel
This article is reprinted by permission from NextAvenue.org. It is part of The Coronavirus Outbreak: What You Need To Know Special Report.
The pandemic proves you need a will, but the process has changed.
Until now, you may have...
“What do you want your legacy to your community and your children to be after you’re gone?”
By Carrie Friedman, Guest Writer
The last time I saw my father in person, which may be the last time I ever sit across from him, I spoon-fed him...
Most families never talk about what one’s wishes may be when they become incapacitated or when they die. After all, no one likes to talk about their own mortality, especially with their children, even if they are adults themselves. However, an open dialogue would be the best thing for everyone. It will...
