While creating your will, one of the most important decisions you must make has to do with who will execute it. Most often, you may task your spouse, adult children or a close confidant with this role. And in instances where you have complex family dynamics or...
An important part of estate planning doesn’t necessarily involve any estate planning documents. It involves designating beneficiaries for your retirement accounts as well as things like investment accounts and life insurance policies. You do that directly on the...
As you start preparing for retirement or review your finances in your golden years, you may derive quite a bit of joy from the idea of passing on some of your wealth to your children when you die. An inheritance could lead to a more comfortable retirement for your...
Many people assume that an estate plan is only necessary for wealthy individuals, but this isn’t at all the case. Instead, adults of all wealth levels should have an estate plan documented. Your estate plan does several things. The one that most people think about is...
When you and your spouse got married, you thought about asking for a prenup. After all, you’re a business owner. You don’t want to risk your business or your financial assets for your marriage. Obviously, you hope that you never get divorced, but you also know that...
Your elderly parent has lived through a lot. They’ve taken care of themselves for decades and successfully raised a family. Before retirement, they also ran a successful company. In short, they are used to being independent. The reality is, however, that there will...
Among the most important decisions you’ll make as you develop your estate plan are the people who will be your representatives and administrators not only after you’re gone but if you become incapacitated by illness and injury and unable to speak for yourself. Perhaps...
One of the most difficult aspects of life is watching your beloved parents lose their ability to be independent. When an elderly person loses the ability to comprehend and make rational decisions due to an injury or the onset of dementia, you may want to consider...
Unlike Medicare, which is open to everyone over retirement age, Medicaid benefits are only available to those with financial need. Medicaid will cover significantly more than Medicare will, especially for those who require a stay in a nursing home or rehabilitative...
You're thinking about getting a prenuptial agreement before your wedding. You're not sure how to talk to your new spouse about it, so you haven't brought it up. You keep procrastinating it and putting it off as a conversation for another day. While feeling a bit...
