You have budgeted, saved and invested throughout your career. Now, you hope you have saved enough money to last through your retirement years. You have a will, which details who gets any assets that remain after your passing. Do you want to wait until your passing to leave an inheritance for your family? Or should…
4 Key Estate Planning Documents Everyone Should Consider
Most people think estate planning documents only address your finances. However, these documents also allow you to name someone to make decisions on your behalf. Those decisions might be about your money, your health, your family or anything else which is important to you. This 3 minute video will give you vital information about 4…
Are You Losing It and Don’t Know It? -Decline in Financial Literacy
Are you losing it and don’t know it? Is the decline in financial literacy happening to you? All stages of life have many happy moments and some not so happy as well. Growing older bring many changes and challenges to our lives. What do we do? We should acknowledge that change occurs and take the…
Estate Planning: Remember Your Letter of Final Instructions
All your legal documents are in place for your estate plan but have you prepared a letter of final instructions? The Legal Documents You prepared your estate plan and you used some online resources to guide you through the process. An attorney helped you to make sure your will is up to date. Beneficiaries were…
Your Last Will: 4 Ways to Distribute Your Wealth
When you create your Last Will and Testament, you’re faced with deciding how to distribute your assets to loved ones, cherished friends or charities. Since there are several ways for you to slice up your pie, it’s wise to familiarize yourself with the options available to you. You’re free to employ one or all of…
Revocable Living Trust: Matters to Consider
One of the most popular and commonly used estate planning tools available today is the revocable living trust. Unlike other trusts, this trust is considered a “living” vehicle because it’s established during a person’s lifetime. It also offers flexibility because the terms, conditions and interested parties may be amended at any time. A revocable living…
Last Will and Testament: Who’s Who
Your Last Will and Testament is an intimate, highly personal legal document detailing how you want your assets and possessions distributed following your death. While it might be your Will, there are several other people who will play significant roles in ensuring your instructions are fulfilled as directed. Here’s an explanation of who’s who in…
12 Resources to Guide Financial and Estate Planning for Baby Boomers and Retirees
Estate planning is a daunting and complicated task, and a pressing issue for many Baby Boomers. It’s also one not to be left to the last minute. Start talking to your family and heirs early in life, and use these tools to help guide you through the more complicated parts of the process: Step-by-Step Estate…
Your Last Will:The Key Ingredients of a Will
It’s understandable that creating a Last Will and Testament can be an uncomfortable task. It means the end of life is being contemplated, or at least recognized as an eventually. For Baby Boomers finding themselves in the prime of their professional careers and enmeshed in social and home lives, the need for a Will can…
How to Talk About Death With Your Family
How do you talk to your loved ones about what you’d like to happen after your death — or ask what they’d like to happen after theirs? This conversation isn’t easy to broach; end-of-life issues are still a taboo subject in our culture. Discussing wills, estate planning, and health care wishes often makes people worry…