It can take a lifetime to build an estate that is robust enough to support you and your loved ones. Unfortunately, passing away without a comprehensive estate plan can decimate your assets in a surprisingly short period of time. Between costly legal expenses like probate, excessive taxes on your estate and mismanagement, some or all…
Retirement and estate planning can be a complicated process. Let’s face it. You have worked a lifetime to amass enough money and assets to get you through your retirement years or provide for your loved ones, and no one wants all of the work to amount to nothing. Crafting a retirement and estate plan means…
These are plenty of seemingly good reasons to procrastinate on estate planning. Your business may be thriving, and it requires your full attention. Maybe there doesn’t seem to be enough time to get organized. But the most common reason to kick the estate planning can down the road is that you feel healthy and have…
Because of how important estate planning is to your family, you should put time and care into getting it right. At the same time, you never know when something can happen, and you don’t want your family to struggle because you never got around to putting your plan in place. Take these steps now to…
Are you overwhelmed by everything you need to do to create an estate plan? While it’s better to have everything in place now, if that’s too much to handle and would only result in your putting everything off forever, you can try tackling just one thing each month. January: Create Your Napkin Will Start out…
Having the conversation with aging parents that it’s time to put a precautionary advanced healthcare directive in place can feel unsettling, even a little scary. Fear and anxiety about diminishing health and end-of-life issues rank among the primary reasons that families procrastinate. In order to overcome personal anxiety, it may be better to think about…
Often, young adults are guilty of hiding behind the cloak of youth as an excuse for putting off important decisions and commitments regarding their future. More often, they procrastinate on these topics and the bewilderment and frustration of those that love them and are truly trying to help set them up to overcome future challenges. …
As parents, we love our children unconditionally — we often think about what will happen to them when we are gone one day. Within these thoughts are nightmares of possible abandonment that our kids may face, and those scenarios can scare us to our core. Surely there are ways to plan ahead and prevent a bad…
Planning for the future is clearly an important step for a successful life. Planning for the future means actively thinking about things like when to retire, how to save for retirement, where to live, the costs of prolonged and predictable health decline and eventually yours and your husband’s end-of-life costs. These subjects, how you will spend…
In many families, the traditional role was for the husband to take care of insurance, retirement plans, estate issues and the like. For many, it is now the norm now that both parents, or spouses, take on equal responsibility for finances, planning, and care. And this is a good thing. However, it does require coordination, otherwise…