Not having a long-term care plan, can put your family at financial risk.
A government report estimates a vast majority of those over 65 will end up needing long-term care. However, many people do not have plans to meet...
Can Bankruptcy have an Impact on Your IRA?
Protection varies, according to state law.
IRAs are protected from bankruptcy. However, there are some limitations you should guard against, according to The Balance in “What is IRA Bankruptcy Protection?”
President George W. Bush signed bankruptcy protection into...
How Do You Fill Void when Caregiver Role Ends?
What happens to the caregiver, when your loved one is gone?
Providing care for another adult can be difficult, because the caregiver often puts their life on hold. They may find themselves facing a new challenge later, according to the AARP...
Some Common Estate Planning Mistakes Best Avoided
What might happen if you have the talent for success but not the talent for business?
As can often be the case, many extremely talented people accumulate large estates and they often are not prepared to take on the...
Will ‘Phased Retirement’ Work for You and Your Employer?
Working at the age of 65, is not the same as working at 20.
Working for decades can take a toll on employees, as they near retirement age. However, a phased retirement can offer a situation...
Why Not Set a Goal of Estate Planning This Year?
Now is the time to handle those details you have overlooked.
There may be a number of estate planning details that you have not addressed in previous years. This year is a good year to get it done, according...
Life Insurance Can Be Part of Taxable Estate
Life insurance isn’t taxable to beneficiaries but there can still be a tax involved.
An Irrevocable Life Insurance Trust can be a key part of your overall estate plan, according to JD Supra in the article “Estate Planning: The Irrevocable Life...
Upscale Retirement Looms in the Boomer Future
If you are thinking of upscale retirement, it might be best to check in early and enjoy the lifestyle.
Boomers have had a way of being out front, when it comes to making changes in society and it isn’t...
Second-Marriage Couples Face Estate Planning Challenges
In today’s world it is not at all unusually to have a blended family.
Blended families often face special challenges when it comes to estate planning. Those issues are best approached openly, according to JD Supra in “Seven Estate Planning Considerations...
Is It Possible to Disinherit Someone? Yes, but It Isn’t Easy
The decision to disinherit someone isn’t made lightly and needs careful consideration.
Sometimes as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it...