Lets face it, the greatest threat to your financial survival as either an senior citizen or an inheritor of your parent’s estate is the cost or long term care. Yes, the intuitive and forward thinking types with good insurance advisors purchase long term care insurance when it is affordable. But for the rest of us and our parents, we [...]
As with all estate and asset planning, if you are considering filing bankruptcy to escape your current debt load, there is no time like the present to organize your assets in such a way as to maximize your asset retention after filing bankruptcy. According to Laurie L. Dove at Forbes.com the following insights could be the difference between a [...]
A major part of any inheritance may be the inclusion of a proper estate plan for the inheritors! If you are waiting for mommy and daddy’s estate assets to be transferred into your bank account, you should consider this: ALL OF YOUR CREDITORS MAY BE WAITING FOR THAT MONEY TO ARRIVE AT YOUR ACCOUNT AS WELL! Ex-wifes, the Internal [...]
Forget the wild car rides and adventurous stunt work required to be even an extra on a Paul Walker film. The real scary stuff is when you have to speak to an attorney about your estate plan. Danielle and Andy Mayoras (Forbes.com) have published an article entitled “Five Estate Planning Lessons From The Paul Walker Estate” (Feb 10, 2014). Provided below [...]
You’ll Save Your Loved Ones Months of Legal Red Tape, Untold Frustration, and Thousands of Dollars in the Process! Ask ANYONE who’s suffered through it! Probate is a TAKER - taking time, money and control of one’s estate away from rightful heirs. What can YOU do to avoid probate? You can take a few easy steps NOW and set [...]
So you spent all of this money buying Fifi and caring for her. Now you want to know what will happen to her when you die. Okay, get a plan. According to an article written by Charles Schwab Investment Advisory Services on October 29, 2019 more than half of all Americans own pets.1 Whether it’s a dog, cat, or less [...]
After every major celebrity death, the hunt is on for their estate plan: was their a Will, a trust or any other probate avoidance tool. Typically, there is no real plan in place. Even when the celebrity has performed some estate planning the advice they seem to get is to prepare a Last Will and Testament. Sorry forks, a [...]
Okay, so you spent thousands of dollars hiring an attorney to create a multi-page estate planning treatise that you have never read and may have never signed. So let’s get to why your current estate plan or living trust is invalid: Problem: You don’t know where your executed estate planning documents are located: Did you know the main reason [...]
“Why are the majority of American workers failing to keep up with retirement goals? Primarily, because they are caught up in a “leveraged finance future” which encumbers all future income with the payment of current debts.” Ever analyze how much money you will need to retire? Probably more money than you think. If you think you need $100,000 per [...]
Paul Sullivan (The New York Times) has recently published an article entitled, "How a Will Treating Children Differently Can Still Be Fair" (July 29, 2016). Provided below is a brief summary to the article from The New York Times: How a Will Treating Children Differently Can Still Be Fair How parents leave inheritances that are unequal but fair, or at least [...]
