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.
Every day, we hear about the many challenges of an aging population. With advancing age comes those hard-to-discuss end-of-life planning issues, something with which financial advisers are all too familiar. And we know most advisers want to help. However, there is one factor that is often overlooked in these discussions: blended families.
Women need to plan for their long-term care and estate planning needs as if they will, one day, be single.
If you've postponed doing any advance planning, such as organizing your records, making health care decisions in advance, or doing estate planning, you're not alone.
Walker Buehler was a key contributor to Vanderbilt's national championship baseball team last year. According to the Vanderbilt Hustler, Vanderbilt's student newspaper, Buehler is listed as high as the second best overall prospect in the upcoming Major League Baseball draft.
I was in a coffee shop, having breakfast with my daughter, Angela Luhys, on a week when my weight loss had reached the 90 pound mark since November. While sharing this great milestone with Angela, the guy in the booth behind me was trying to sell an annuity.
A New York City business and philanthropic leader will receive the J. Luce Foundation's Global Adviser Award on May 19 at a networking event for established professionals supporting children with cancer in the Steelcase offices on Columbus Circle.
When all is said and done, a savvy seller recoups tens of thousands of dollars in prepayments if everything is documented and adjusted. Capital gains tax is generally payable by a seller incident to the sale of a home.
Actively making decisions on even a small amount of money can be a valuable experience. How heirs make decisions and problem-solve as a group is at the heart of this exercise.
Some 59 percent of working-age Americans expect to leave a financial legacy to their children, but less than a third report actually receiving one.
Many divorcing couples stay in the family residence and live together pending the finalization of the divorce. While this might make sense for some families, it also creates an environment of stress and tension, not only for the divorcing couple, but also for the children.
Starting a new life after divorce introduces many financial challenges. Retirement may seem far away, but it should stay at the top of the list.
State intestacy laws are a "best guess" as to what the average person wants to happen to their property when they die. Don't leave such an important decision about your legacy up to the state's "best guess."
Say your grandfather is an excellent fisherman and he wants his heirs to be great at it, too. He could have his attorney write up a set of instructions. Or, if he really wants his heirs to learn how to fish, he could take them on a fishing trip to Montana every year for 40 years.