No one wants to move into a nursing home as they get older. Most people would rather live independently or stay with family members as opposed to living in a communal facility in the care of strangers. However, when someone has pressing medical needs or experiences...
Estate planning
Recognize these 3 red flags in your estate plan
There are many times when an estate plan may not be as effective as it should be. Lacking key components or forgetting to add a specific asset into your estate plan can be problematic. The good news is that you can adjust your estate plan once you recognize the red...
3 reasons to be skeptical of the boom in digital last wills
The internet has revolutionized multiple industries. Information, services and even physical goods are often only a click away. Unfortunately, the internet can't do every industry justice. Although some people are quick to extol the benefits of digital estate...
Estate planning after The SECURE Act
Creating an estate plan typically involves balancing the wishes you have for your own legacy with the legal complications of an inheritance. The best estate plans typically leave detailed instructions for an executor and consider not only personal property and family...
When does a power of attorney lose its authority?
There are circumstances in which you may not be able to handle your own affairs. A serious medical issue that leaves you unconscious, unable to communicate or otherwise incapacitated is a perfect example. In such a scenario, you become dependent on the actions and...
It’s okay to want your child to inherit and not their spouse
When you love your child deeply, you may feel like no one is good enough for them. Unfortunately, your in-law may have proved your fears right over the years. Maybe they've had a string of job losses or a history of infidelity that your child has somehow forgiven....
When should a grandparent advance an inheritance to a grandchild?
You have spent a lifetime building up your personal wealth and resources. You probably want your children and grandchildren to display a similar work ethic. At the same time, you likely have hopes of giving people you love financial resources when you die. Wanting...
Are you worried about a grandchild squandering their inheritance?
As a grandparent, you may feel strongly about leaving an inheritance to a grandchild or grandchildren. No matter what it may be, you realize that it will benefit them after you’re gone. But before you can do this, there’s an important question to answer: What’s the...
How can you reduce the chances of a dispute over your estate?
Your children are all older, and you know that they don’t get along. When you look at all of your children, you can see how they would have different opinions and outlooks, so that worries you. You want to plan for your eventual death, but you know that sitting those...
Tips to remember when talking about estate planning with your elderly parents
Developing a comprehensive estate plan is a critical step in easing the financial and emotional burden on heirs after a loved one passes away. Unfortunately, many people die without a plan in place leading to turmoil and unnecessary disputes among surviving loved...