Scam artist targets woman who is grieving for her husband. Scammers work on the easiest targets, so senior citizens are often their targets in hopes they will catch them off guard at their weakest moments, according to Newsday...
It isn't difficult to get the process started. Many Americans make New Year's resolutions. However, it turns out that very few keep them. One New Year's resolution that is relatively easy to keep and helps prevent your family from unnecessary stress in the future is getting your estate plan ...
Handling the decedent's final affairs. When a family member passes away, there are some important papers and information that must be gathered. The smart way to address the issue is to gather the papers beforehand and have assistance from an estate planning attorney, according to The Balance...
Assets will have to be divided in addition to dealing with paperwork, courts and tax law changes. Dividing up assets is difficult in a divorce and the new tax law changes that went into effect in January are not going to make it any easier, according to Next Avenue...
Don't wait until you are under pressure to create these safeguards. If you don't have documents that protect you, your family and your assets, you should consider doing yourself a favor and putting them on your list to accomplish in 2019, according to Fox Business...
A “go-bag” can protect your family until you can head home again. As we all know from news events, you never know when an emergency will arise that causes the evacuation of your home. If that should happen, do you have a “go-bag” that will protect your family until life returns to normal?...
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 Bulletin in “What Happens When Caregiving Ends?”
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 law in 2005 with the Bank...
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 the expenditures, according to Westfair Online...
Life can get in the way of you meeting your goals. However, embracing some tactics can be helpful. Making resolutions to accomplish certain goals is never an easy task and New Year's resolutions are no different. Financial goals are often on the list of resolutions and there are some secrets...
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 that works well for both the worker and the employer, according to the Missoulian in “Why Companies Shou...
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 to the Pittsburgh Post-Gazette...
If Social Security will be 40% of your income, where does the rest come from? Social Security was never intended to be your total retirement funding, so you need as many revenue streams as possible, according to U.S. News & World Report in an article that compares “Pension vs. 401(k).” A tr...
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 any different when it comes to retirement, as they eye the expansion of five-star luxury r...
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 needs careful legal consideration, according to Next Avenue...
There are some lessons to be learned from the experience of others. Things do not always go as we plan. A couple planned and saved for their retirement but then faced some tough challenges, according to the Canton Citizen in “Smart About Money: Retirement Lessons.”
Where do you want your assets to go, when you think of your loved ones? Estate planning can be a comfort to you but is also a gift of peace of mind to your family and may be a good way to begin the New Year, according to the Brainerd Dispatch...
It wouldn't be a lot of fun to run out of money. What is the number one concern about retirement? Running out of cash is the answer. However, there are steps that can be taken to reduce the chances, according to the AARP Bulletin's article “4 Steps to Make Your Money Last a Lifetime.”
The estate plan is a major tool to protect your family. Okay, you now have an estate plan. What's the biggest mistake you can make? Not updating the plan as the years go by and life changes occur, according to the Times Herald in “Top six estate planning mistakes.”
It is your future and your money. Learn everything you can about the program. Social Security is an entitlement, and you have worked long and hard for it. It would be best to take the time to investigate what you will receive and when it would be best to take it, according to the AARP Bulletin...
An estate planning resolution can be beneficial to everyone. There are many possible New Year's resolutions. However, a good one to consider may well be creating an estate plan or taking a fresh look at your current plan, according to the Grand Rapids Business Journal ...
You can eliminate stress and expense and save your loved ones a lot of trouble. If you don't make some decisions about what you would like to happen with your assets when you are gone, it is likely that your heirs will be facing some pretty difficult challenges.
What measures would you like carried out if health issues arise and you can't speak for yourself? A very important conversation to have with your loved ones is what you would like for care should a health crisis arise. While it most likely will not be your favorite conversation, it is importan...
Open and honest communication can be the key to a good estate plan. Most married couples have a small age difference. However, for those who don't, it is possible that there can be complications, according to the Reno Gazette Journal...
The new tax laws offer some opportunities. Have you taken the laws into consideration? With the Tax Cuts and Jobs Act in place, the end of the year is a good time to review your estate plan and see what you are missing or what opportunities may be available, according to The National Law Journal...
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