There are lots of misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a plan that is right for you.
What will happen to your estate if your primary beneficiary does not survive you? If your will does not name an alternate beneficiary, your estate will be divided according to state law, which may not be what you want.
If your estate has changed in value — either increased or decreased — do you need to change your will?
Legendary singer Aretha Franklin was thought to have died without a will, but the recent discovery of handwritten documents is calling that into question.
Imagine if tomorrow you were in a car accident or overcome by an illness and unable to communicate. What would your family do? Read More
So much is being said in the news about dementia that I thought we should discuss why being occasionally forgetful is not such a concern. To the contrary, our memory may not always be so important. A recent article explains how forgetting is actually useful. By forgetting information that is stale, we are enabling ourselves… Read More
Social Security survivor’s benefits provide a safety net to widows and widowers. But to get the most out of the benefit, you need to know the right time to claim.
Whether it’s an honor or a burden (or both), you have been appointed trustee of a trust. What responsibilities have been thrust upon you? How can you successfully carry them out?
Many clients ask me what will be required of their “Personal Representative” or “Executor” when they pass away; and are concerned about their family members being required to undertake such a responsibility. Here is some information to pass along to their family and to hopefully shed light on the duties required by the position. A… Read More
As many of us are ending up in the “Sandwich Generation” we face more challenges between our careers, our children and our aging parents. Check out this Eldercounsel Blog Post regarding adults taking care of their parents. The author provides sensible advice and helpful tips on how to ease the transition: Click Here