financial planning

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...
Read More

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...
Read More

Avoid Probate: 5 Best Methods

Avoid Probate: 5 Best Methods
What is probate? Have you heard stories of someone trying to avoid probate court after the death of a loved one? It's not a happy story! The expenses and hassle can be highly stressful...the last thing you need when someone you care about passes away. The legal definition of probate is a court process by which a Will is proved valid or invalid or for decedent’s estates when no Will can be found. It’s the legal process where the estate of a decedent, or the person who has passed, is administered. Every U.S. state has its own specific laws relating to probate, sometimes referred to as “proba...
Read More

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 ...
Read More

Do You Need a Will?

Do You Need a Will?
  It is fairly obvious that homeowners, people with small children, and people with expensive assets, need a will. However, approximately 70 % of Americans die without a will. Many times, people think that a will is only important when you are getting older or have a great a deal of wealth and assets. Yet, countless times, people pass away unexpectedly and their loved ones are left with unanswered questions, searching for documents and indications of what the deceased wanted and how to divvy up even the smallest possessions. Almost Everybody Owns Something Many young people do not th...
Read More

Helping Your Aging Parents: A Checklist

Helping Your Aging Parents: A Checklist
When we set out to help our aging parents prepare for their retirement years and beyond, there is a lot to remember. Use this checklist to ask questions of, and gather important information from your parents. Once this is completed, you can relax knowing that no matter what the future holds, your parents are prepared and protected. Finances • Gather information about all accounts and where they are held • Get contact information for their advisers (insurance agent, attorney, financial, etc.) • Check to see if any accounts can be consolidated or simplified • Make sure the accounts are titl...
Read More