Some of the most important financial documents a person has are estate planning materials. Tending to such matters, though, can be an emotional challenge. It’s difficult to answer questions about what will happen after your death or if you are unable to tend to your own finances or health. People who don’t want to consider … Read more
Selecting an agent for power of attorney might seem simple until you really consider the documentation. The right person to potentially manage your finances, the person you always consider an obvious candidate, might not ultimately be right for this role. Speaking with your financial advisor and estate lawyer about this element of estate planning will … Read more
Divorce has a profound impact on every aspect of a person’s life, especially financially. All decisions you made about the present and future with your former spouse are altered by the financial elements of a divorce settlement, from child support to spousal support to sharing debt. Working with an expert after divorce for financial planning … Read more
You are ahead of the game if you have an estate plan. If you haven’t updated or reviewed these documents for some time, now is the right moment. It’s important for your estate plan to be ready and adequate when it comes time to execute it so loved ones avoid difficult situations, conversations, and circumstances … Read more
Not knowing what a 401(k) really is or how much life insurance is necessary is stressful, but you’re not alone in avoiding these big concepts and financial necessities. The key to managing all facets of your financial life – present and future – is to dig into all of it, to get educated with help … Read more
Estate planning documents are meant primarily to address a person’s last wishes. These documents, however, must be drawn up when a person is healthy and cognizant. Though you will work with an attorney to establish the intricacies of your customized estate planning package, it is essential to partner with an experienced financial advisor who can … Read more
Gathering facts, numbers, documents, and names together to establish or edit estate planning documents is a lot of work and a serious undertaking. It helps to have the support of your financial advisor to guide you in getting these materials just right, especially when it comes to the financial aspects of your power of attorney. … Read more
Estate planning can be as simple or complex as you want it to be, but it is essential for everyone, especially when you have significant financial assets to address and assign. A healthcare directive, also known as an advance medical directive, has everything to do with your wealth profile and impacts how significantly your assets … Read more
The word “portfolio” has many meanings, and it can be applied to a person’s estate planning choices. If you don’t have estate planning essentials in your name, now is the moment to invest in the careful collection and naming of your assets and personal directives. Now is the time to build a new portfolio. Common … Read more
Estate planning can be as complex or simple as a person wants. When you hold significant financial assets, it’s essential to outline your wishes clearly in your will. Establishing a living trust, also known as a revocable trust, and funding it with specific assets makes it easier to hold and protect these assets during your … Read more
A charitable lead trust can be a great way for an individual to leverage his or her generosity, producing tax savings that can be used to provide greater benefits to both the individual’s favorite charity and his or her own family. The tax savings are generated because of the way donation values are calculated and … Read more
Have you every wondered how estate planning might fit into your overall, future plans? Even if you are just starting to build your estate and do not need complex estate planning, here’s a quick look at some steps you should consider taking in order to help prepare your family and to manage potential expenses in the event … Read more
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