At last, you’ve completed your estate documents, including retitling assets and checking beneficiary designations. The only question left is, where should they be stored? The answer is not that simple. Do you know where your estate plan documents are? Many people ask their estate planning attorneys to hold onto their…
These may be common mistakes, but they are too important to dismiss and delay. Every year, local television news crews show up at local post offices to see the lines of folks waiting to get their tax returns postmarked on April 15—even when so many of us are using online…
Live long enough, and you learn that life can change in a heartbeat. Young adults don’t always know this, but they need to have an estate plan as much as older people. Whether you are a Baby Boomer or a Millennial, you need to have an estate plan. With the…
Among the top three reasons for an estate plan are to make sure that your assets are distributed according to your wishes, helping your loved ones from having to pay more taxes than necessary and if possible, avoiding having your estate go through probate. When there are minor children or…
Remember that estate planning is not just for the wealthy, and now that the federal exemption is so high, not just for the billionaires either. Estate planning is also much more than a will. Your estate plan has a lot of work to do for you, both while you are…
To make sure that your wishes are carried out, you’ll have to do your homework. Make sure that you cover these most important documents. The last thing you want to do, is leave a bureaucratic mess for your loved ones when you die. Not only will it cause the family…
A healthy life where you retain all your faculties and enjoy yourself, is definitely preferred to decades of dementia. We don’t get to choose, but we can plan. As Baby Boomers continue to change the face of aging, and so many embrace the idea of genetic testing, many are confronted…
Not having a spouse makes it more important for singles to plan to protect themselves from a legal and financial standpoint. Everyone should have a plan in place for incapacity, affirms fox5atlanta.com in a recent article, “Estate, emergency planning for single people.” This is especially true for singles. While married…
With an estimated 10,000 Boomers retiring every day, members of this generation who own businesses should already have their succession plans in place. Exit or succession planning is a lot more complicated than most business recognize. It takes a long time if it is to be done properly. A recent…
Before he died, the owner of the New Orleans Saints and Pelicans gave millions of dollars of property to his daughter and her children, but they were not included in his last will and testament. The last will of multi-millionaire Tom Benson, who owned several professional sports teams and other…