Many people look forward anxiously to their retirement years and they plan ahead accordingly so that they have the financial resources that they need to make the most of all their free time. And of course we are all aware of the need for estate planning, and those who have retired or are going to be retiring in the near future are generally going to have an estate plan in place. This having been stated it is important to remember the fact that there is more to your post-work years than the … [Read more...] about Comprehensive Latter Life Planning
Estate Planning
Shrunken Asset Values Open Estate Planning Opportunities
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. Not only has COVID-19 been challenging healthcare systems, but the social distancing required to combat the virus has also rocked financial markets. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. … [Read more...] about Shrunken Asset Values Open Estate Planning Opportunities
Preparing for Coronavirus
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Learn what steps you can take to prepare yourself and help prevent its spread. Read on to learn more. … [Read more...] about Preparing for Coronavirus
Longevity Statistics Can Help You Plan Ahead
The length of your life is going to be a big factor to consider when you are planning ahead with your elder years in mind. While no one has a clear view into the future you can examine longevity statistics to get some general ideas about the averages and go from there. According to the 2010 United States Census Bureau's compiled statistics the segment of the population that geriatric experts refer to as the "oldest old" (people who are 85 years of age and older) is growing more rapidly than any … [Read more...] about Longevity Statistics Can Help You Plan Ahead
Who Will Handle Your Final Arrangements?
When you are thinking everything through in an effort to plan your estate properly you should consider the matter of your final arrangements. Imagine the scenario that may exist after you pass away. Different family members may have different ideas with regard to the final arrangements. Many families get along well and would have no difficulties coming to an agreement with regard to what is best. On the other hand, this is not always the case, and emotions can run high when people have just … [Read more...] about Who Will Handle Your Final Arrangements?
Fiscal Cliff Compromise Provides Estate Tax Clarity
The so-called "fiscal cliff" included changes to the estate tax that would have been devastating for many. If no deal was made to avoid falling over the cliff in 2013 the estate tax exclusion would have been reduced to just $1 million. The maximum rate of the tax would have gone up from the 35% that was in place in 2012 to a staggering 55%. After the crisis was averted via an 11th hour compromise we were spared the above fate. Going forward in 2013 we have much of the same with a slight … [Read more...] about Fiscal Cliff Compromise Provides Estate Tax Clarity
Obtain Succession Planning Advice
Deciding to go into business for yourself is a very big step, and success takes a lot of careful and informed planning. At the same time, once your business is on firm footing you have to ask yourself how you will be exiting the business, and this too is something that takes some intelligent planning. You may love what you do and have no intention of retiring. Some people feel this way, and if you are one of them you will be more concerned about how you're going to be passing along the … [Read more...] about Obtain Succession Planning Advice
Have You Selected a Guardian for Your Minor Children?
Most people do not have an estate plan in place, and younger adults are more likely to be going through life without having made any preparations than older ones. You may say that this is logical because estate planning is absolutely more important for senior citizens than it is for young adults. In fact, it could be argued that nothing is further from the truth. At the time of this writing the average life expectancy for people of all ages is 78 years. So for the purposes of this example … [Read more...] about Have You Selected a Guardian for Your Minor Children?
Read Our Report to Learn About Trust Administration
Postmortem planning is something that you must take into consideration if you want to leave behind a self-actualizing estate dynamic. Working with an estate planning lawyer to construct legally binding documents is part of the process, but you also have to plan ahead with the eventual administration of the estate in mind. Certain steps must be taken after your passing to get the wheels in motion. If you utilize a last will to express your final wishes you choose an executor or executrix, and … [Read more...] about Read Our Report to Learn About Trust Administration
Will Philanthropy Be a Part of Your Legacy?
The 2012 holiday season may have receded into the distance behind us, but the spirit of giving may still be fresh in your mind early in 2013. This spirit can extend into your estate plan. Legacy planning can be a part of the equation as you take steps to lend your name to philanthropic efforts. This is obviously something that can be personally rewarding, and doing something for others late in your life can be especially meaningful and even spiritually significant. The above having been … [Read more...] about Will Philanthropy Be a Part of Your Legacy?
