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…
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…
You’ve been blessed to find a love for a second time. Congratulations! A new (re)marriage can bring the joy of finding a loving partner twice in a lifetime and the promise of happy times to come. So, it’s no wonder that amongst newly remarried couples sticky topics such as finances…
By Brendan Daly I last saw my father on February 25th at his condo in Rhode Island. We had a wonderful day together—he showed off his new Subaru in a slightly harrowing ride, where he coasted through stop signs (aka the “Rhode Island slide”)—and I took my leave of him…
Even the most well-resourced and well-known people can get estate planning wrong. The recent headlines about the dispute over the validity of Lisa Marie Presley’s Will is just the latest in a long list of stories involving celebrities in the entertainment industry whose last wishes have created a lot of…
Giving gifts is a nice thing to do for a friend or family member, but, as the saying goes, “no good deed goes unpunished” – at least when it comes to the IRS. The federal government imposes a gift tax that is currently 40%. And if you live in Connecticut,…
It’s so confusing! HIPAA, Health Care Directives, Powers of Attorney. How does one differ from the others? A HIPAA Authorization, a Health Care Directive, and a Health Care Power of Attorney can easily be confused because all three have to do with your permission about your medical care and medical…
It may be hard to believe, but the fact is, millennials are all grown up. They are buying homes, starting families, and caring for aging parents. Also, they are—at 22% of the population—the largest living generation in the U.S. In 2021, Trust & Will did a proprietary study involving 22,850…
Prince, Marvin Gaye, Jimi Hendrix, Kurt Cobain, Bob Marley, Billie Holiday, Barry White, Sonny Bono, Tupac Shakur, Amy Winehouse, John Denver, Sam Cooke, Aretha Franklin. Certainly, an impressive who’s who list of music royalty that sadly left this world far too soon. However, this wildly talented group also had another…
Whether you’re talking professional or college sports, season tickets for popular sports teams are usually very hard to come by. And, once someone acquires season tickets, they aren’t likely to give them up. In many instances, fans literally have to wait for someone to die before they can move up…