When you are planning for your retirement years while you are still working pleasant thoughts of free time, travel, and leisure invariably dance around in your head. Making sure you have the financial resources to take full advantage of this free time is a long-term goal that is a large part of what retirement planning is all about. But to prepare comprehensively and intelligently you have to understand all the possible expenses that you may be facing. There is a period of time that follows your … [Read more...] about Elder Law Concern: High Cost Of Long Term Care
The most common vehicle of asset transfer in the field of estate planning is the last will, but it is important to understand that you do have other options. Why would someone want to seek an alternative to a last will? Depending on the exact nature of your assets and the specificity of your wishes there could be a number of reasons. But for most people probate avoidance would be the motivation for seeking another way to transfer assets to your loved ones. So this brings up the question of why … [Read more...] about Why Do Some People Avoid Probate?
If you’re like most people, you think of social security as retirement benefits. And, it is. However, the social security program has survivorship benefits as well. Surviving spouse The surviving spouse (or children who are eligible for benefits, if there is no surviving spouse) is entitled to a lump sum payment of $255. The social security administration provides benefits for a surviving spouse once she attains a certain age. The surviving spouse can receive 100% of the deceased spouse’s … [Read more...] about Social Security Survivorship Benefits in a Nutshell
Estate planning can be confusing if you're just getting started with your own plan. With so many documents and terms, it can be difficult to understand all aspects of the process. We receive a lot of questions about the process. Take a look at some of the information below to learn more. If you have any questions, or if you'd like to discuss your planning needs, meet with an estate planning attorney. What happens if I don't plan? If you don't plan, you won't be prepared. It's important to … [Read more...] about Your Estate Planning Questions (part 3 of 3)
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