In this new blog series, Things Your Aging Parents Aren't Telling You, we look at issues and problems that could be happening in your aging parent's life that they are not telling you about -- and offer solutions to help manage these situations.
Wealth management usually comes in two parts: financial planning to increase and manage your wealth, and estate planning to protect and pass the wealth along to heirs with as few taxes as possible.
All aging parents should have the "four talks" with their elder children (boomers). No child wants to be the initiator of these discussion, so we elders can take the bull by the horns and get it started.
Dear Carrie, My husband and I are in our thirties and have a three-year-old. I'm thinking that we should have a life insurance policy, but the choice...
Nearly 6 years ago my firefighter husband, Captain Thomas Araguz, was killed in the line of duty. While this was a horrific tragedy, the torture continued as my marriage was voided and all of the support that most widows of fallen heroes receive disappeared.
As you embrace your new post-divorce life changes, don't forget to put in place plans to take care of yourself when you aren't in a position to do so on your own.
In broad overview, a power of attorney allows a designated person or entity to act on one's behalf. However, if one is unable to competently act, due ...
I'm sure you are comfortable that your estate plan is up to date. But have you reviewed your digital estate plan? What is a digital estate plan? It's a plan for the disposition of all your internet accounts once you are deceased.
An individual may have concerns that an heir will recklessly waste an inheritance or, even if placed within a trust fund, in some manner sell (via fin...
Estate planning frequently addresses property transfers in contemplation of death while elder law considers retirement income issues. While it is easy...
It's usually hard to get people to talk about estate planning, so I'm actually heartened by your question. No matter your age or your wealth, it's smart to plan in advance how you'd want your property to be distributed should something happen to you.
We live in an amazing time in which individuals are defining what it means to be a family. As you take charge of your life in this way, know the costs and benefits of your choices and do appropriate planning around them.
The evidence is clear that you should start planning now for the end-of-life to make sure you have the peace of mind that you hope for during your last days.
As painful as it is to consider, estate plans are critical. If anything happens to you, it's important to know your loved ones are taken care of and your wishes are honored. Throughout life, those last wishes change with the major events you go through.
Two types of probate conservators can be appointed. A conservator of the person is responsible for handling the conservatee's health care and other basic needs, while a conservator of the estate is responsible for handling the conservatee's financial matters.
Estate planning may not be sexy but it sure is important. To leave your children an inheritance, you have to understand some technical issues as well as the finer points of discussing your estate with your loved ones.