estateplanning

5 Reasons to Do Estate Planning Now Instead of Waiting

5 Reasons to Do Estate Planning Now Instead of Waiting
Even though most people understand the importance of estate planning, they tend to delay it, putting it off for later. As time goes by they completely forget about creating a will and securing their future. It’s not a topic most of us look forward to dealing with and we all have busy schedules. What they fail to realize is that we live in a fast-paced world where nothing waits for you. With the clock running and time passing in the blink of an eye, you don’t know what the future holds for you. No one can predict the future, but at least we can protect our family’s future by planning ahead a...
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Estate Planning for Everyone-What You Need to Know

Estate Planning for Everyone-What You Need to Know
Estate planning is not only helpful to the wealthy. Everyone can benefit from some basic estate planning. But it can be very confusing, and you can easily become overwhelmed. Estate planning attorneys will help you customize your plan and will explain and advise you about the various options you have when planning your estate. What follows is an estate plan checklist you can use to help you gain a basic understanding of estate planning and how it can help you. 1. Take Care of the Basics There are a few basics that your estate plan should include: • A plan that identifies what happens in the...
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Spring Clean Your Finances

Spring Clean Your Finances
  Spring is a time of new beginnings...a fresh start. It's also the perfect time to freshen up your financial life. Here's a checklist that will help. Review your retirement savings. Have you rebalanced your assets lately? Take a look and reset your allocation if it’s gotten out of whack or meet with your financial advisor. Max out your contributions to your employer-sponsored retirement plan. Consolidate accounts whenever feasible and reduce paperwork. If you have multiple IRAs for example, you could combine all of your traditional IRAs into one account and all your Roth IRAs into ...
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Moving Your Parent to a Care Center

Moving Your Parent to a Care Center
No one wants to think about putting their parents in “a home” or taking them away from the comfort and familiarity of their own house; a house that could have been in the family for generations. Yet, your parent may be too ill or confused to function safely on their own and it is almost impossible to care for an ailing parent single-handedly. There are a plethora of questions that need to be answered. What to do about the high-cost of a care center? What to do about Social Security, Medicare, and Medicaid? How do you protect your parent’s assets? The primary issue is, what kind of care c...
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Be Comfortable With the Attorney That Writes Your Will

Be Comfortable With the Attorney That Writes Your Will
It is a delicate subject and one that can cause fierce family rivalries when large amounts of money are involved; your last will and testament. One of the reasons that this is such a difficult subject to broach is the simple fact that no one wants to face their mortality. Thinking about what happens after you die is not exactly a pleasant task. Another issue is clearly the greed that pops up in even the best of families as our loved ones think about what they “should get”. Even the kindest family members can often get caught in this trap for many reasons. They may have cherished memories o...
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Helping Your Aging Parents

Helping Your Aging Parents
“To care for those who once cared for us is one of the highest honors.” Tia Walker This quote is very true. And it’s just as true to say that, at times, caring for your aging parents does not feel like an honor. It can be hard work and, if not planned for, can cause relationship problems. But where do you begin? What needs to be done first? What if your parents don’t want to make a plan or share their plan with you? It can be very difficult for a parent to discuss these private matters with their children. They may not want to discuss finances with you or to admit they haven’t made a plan....
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