Just having an estate plan is a rarity in today’s world. That being said, it can be easy to forget that designing and implementing an estate plan is only the first step. As a series of documents that serve to designate beneficiaries and distribute your assets should you die or become incapacitated, an estate plan…
A new report from the Aegon Center for Longevity shows that 49 percent of people in the Americas cite running out of money as their main retirement concern. In an era where people have the potential to live much longer than previous generations, this may not be all that surprising. After all, planning for 10-15…
You may be in the sandwich generation if you find yourself caught between taking care of your aging parents and your children at the same time. Understandably, it causes significant financial strain and burden when you have to take care of everyone. More than 1/3 of parents who have kids between the ages of 8…
The task of finding an estate planning attorney may seem daunting and difficult to think about. The whole process of estate planning, in fact, may feel daunting—it forces you to contemplate the delicate financial matters that will arise upon your death. However, those financial matters are important, thus it is even more important to make…
You’re getting older, I’m getting older, your granddaughter is getting older… Aging is a fact of life and no amount of hiding or insisting that age is only a number will change this. While it may be true that you are only as old as you feel, eventually even this will slip beyond your control.…
So much of the financial advice we live by has been around for decades—and is rarely questioned. But times they are-a changing. Maybe we need to ask some questions: How much savings do I need? What portion of it should I invest? What about my retirement funds? Below are some pieces of common financial advice…
The word “estate” sounds much more official than it is. “Estate” simply refers to anything you own: a house, a car, whatever money is sitting in your bank account, a vintage guitar collection, your beloved dog, the antique china set that was passed down to you from your great, great grandmother… Anything. Chances are that…
There are few things more challenging in life than dealing with a loved one’s chronic illness. Nowhere in school do we learn how to navigate such a delicate situation, and little in life prepares us for the unique challenges involved. While well-meaning friends are quick to offer advice, rarely is their insight astute enough to…
As a society, we are now firmly in the digital age—and with this comes new frontiers for estate planning. It is increasingly common for individuals to manage their financial lives through online platforms. The creation of digital assets brings about the necessity of a digital executor, such that your online affairs may be managed according…
Congratulations! If you are reading this article you are likely among the minority of U.S. citizens who has an estate plan. While worthy of a pat on the back, having a plan is only the start of responsible asset management. Once you’ve gotten the ball rolling, you now need to keep it on course with…