The prospect of losing your spouse may be the hardest thing you’ll ever face. Taking the time to put things in order before they pass will give both of you peace of mind. Preparation will provide a sense of relief during a sad, life altering time. Here are some important…
Articles Posted in Estate Planning
10 Tips You Should Know About Long-Term Care Insurance
Few of us want to face up to the struggles advanced age can bring, much less plan for them. But since it’s a good bet that you’ll live longer than previous generations in your family, you have to ask yourself this question: Will I be able to afford those extra…
6 Key Planning Tips for New Parents
It may seem odd to ask young parents to think about estate planning, but starting a family is actually the perfect reason to address some really important questions. After all, becoming a parent isn’t just about choosing names and picking out nursery colors. It’s about being wholly responsible for someone…
3 Reasons to Update Your Estate Plans in the Case of Divorce
Going through a divorce is an incredibly challenging and emotionally draining experience. It’s a time of upheaval, where everything you once knew undergoes a profound transformation. Amidst the emotional turmoil, it’s easy to overlook practical considerations, such as updating your estate planning documents. Yet, failing to address these important legal…
Keep or Toss? Keeping Your Records Straight Pays Off
Every so often, life has a way of throwing some curveballs. Some are more minor in nature – a fender-bender when you are on your way to the store or a washing machine that suddenly stops working. And, some are more serious such as a health scare or sudden death…
What You Need to Know About Living Trusts
Maybe you have a friend or family member that has talked about setting up a “living” or “revocable” trust, and now you’re wondering exactly what that is and whether it might be an appropriate estate planning tool for you. Fair question. A living trust is not necessary for everyone, but…
Where Does Your Debt Go When You Die?
By Jeff Rivard The saying “you can’t take it with you” is meant to remind people that no matter how much wealth you accumulate in your lifetime, you’ll have to leave it behind when you pass. Unfortunately, for your heirs, the same goes for your debts. Turns out that dying…
Assessing an Elder Law Attorney’s Credentials: What is a CELA?
By Brendan F. Daly, CELA* The practice of elder law is unique – it is not exclusive to a specific substantive area of law—such as bankruptcy. Rather, a reputable elder law attorney is proficient in several substantive areas that may affect an entire demographic segment that comprise our clients: the…
Why Beneficiary Designations are Important
Assigning and updating beneficiary designations for your retirement plans, life insurance policies, and annuities are tasks that notoriously get ignored. While the process itself is usually pretty straightforward — putting someone’s name on a form — the consequences of your choice can be fairly substantial. Don’t wait any longer! Who to…
The Importance of Estate Planning-A Father’s Day Tribute
By Beth Dance I have a vivid memory of adjusting my dad’s bow tie before we strolled down the aisle. For many brides, the ceremonious event of having your dad walk you down the aisle is emotional. That wasn’t me. I am very stoic, just like him. When he walked…