Changes are coming as five million baby boomers are turning 65 every year for the next 15 years. Experts have predicted changes affecting the economy, housing, our social structure, recreational activities and health care services for an aging population that will continue to grow. And baby boomers have different expectations about their “golden years” than…
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Life insurance beneficiary mistakes are all too common. In this blog post, we will take you through the top five most common life insurance beneficiary mistakes. We hope that this will give you more insight as to what you should and shouldn’t do when it comes to your life insurance. Time to dive in! People…
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Amanda Bynes’ parents have filed court documents to become her temporary conservators. Rick and Lynn Bynes hired respected attorneys Tamar Arminak and Patrick Reider, and officially applied to gain legal control of the actress’s personal welfare and financial affairs on Thursday (25.07.13), as she remains under an involuntary hold in a psychiatric hospital in California.…
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Question: Someone told me I should have a power of attorney. I don’t know what that is. Do I need one? Answer: You should have a power of attorney. There are different types, but the basic concept of a power of attorney is you (the “principal) giving decision making authority to someone else you pick…
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Many people are wondering what happened to the estate and gift tax laws as a result of the last minute law passed by Congress. For the most part, they continued the status quo. This is a huge boon for wealthy individuals. If Congress had not acted, the estate tax exclusion amount would have dropped from…
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It’s about to be the end of another year which means there’s some yearly housekeeping every nonprofit organization must do. Here are six things every nonprofit should do before the end of the year: 1. Have Your Annual Meeting. The bylaws for most nonprofit corporations require the organization to have an annual meeting. This is…
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Question: When should I create a trust? My assets include a couple of cars, my home, less than $100,000 in savings and a 401k. Do I need a trust? Answer: A Revocable Living Trust can be beneficial for anyone, regardless of what they do or the amount of assets they own. The best time to…
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Many young families put off estate planning because they are young and healthy and don’t need to do it yet, or because they don’t think they can afford it. But even a healthy, young adult can be taken suddenly by an accident or illness (Terri Schaivo being an example). And while no one expects to…
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Estate Planning for Women is Critical While estate planning is important for everyone, women especially need to understand estate planning and have a plan of their own in place. Here are some issues that are of particular interest to women and their estate planning. Incapacity On average, women live longer than men. As such, there…
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From time to time, we like to go over why having a complete, up-to-date estate plan is so important. We hope this article and provide you with valuable information to for yourself and your family and information that you can pass along to friends and family who, for whatever reasons, haven’t created an estate plan…
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Estate planning for young adults might strike some as unnecessary, but that is far from the truth. Estate Planning for Young Adults is Critical Although it may surprise some people, once a child turns 18 their parents lose the legal ability to make decisions for their child and find out basic information. A parent learning…
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Before taking any trip, most people create a “to-do list” of things they have put off and want to take care of before they leave. Here is a checklist of estate planning things everyone should do before taking your next trip. Getting these things done will help you travel with peace of mind, knowing that…
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