If you have started to save for your child or grandchild’s college education, it is worth considering whether to use a 529 plan, an education savings account, or an Irrevocable Trust. Here is what we think you should consider as you decide: First, consider whether you want your offspring to have broader options than just …
You might think that only the super wealthy need to worry about asset protection planning. But the truth is that if you do not have millions, you may be at even greater risk. For instance, if you are a multi-millionaire, a $50,000 judgment against you might not be that big of a deal. But for …
4 Essential Strategies For Protecting Your Family’s Assets Read More »
Last week, in part one of this series, we discussed some of the Cost Of Dying’s most notable findings and explained how proactive estate planning can dramatically reduce many of the financial, logistical, and emotional challenges for your loved ones following your death. Here in part two, we wrap up our summary of the report …
HOW ESTATE PLANNING CAN REDUCE THE HIGH COST OF DYING—PART 2 Read More »
Despite the fact that it happens to every single one of us and is every bit as natural as birth, very few among us are properly prepared for death—whether our own death or the death of a loved one. Yet the pandemic might be changing this. According to Census figures, the pandemic caused the U.S. death …
How Estate Planning Can Reduce The High Cost Of Dying—Part 1 Read More »
With divorce occurring in roughly 50% of all marriages in the U.S. and life expectancy increasing every day, second—and even third—marriages are becoming quite common. And when people get remarried in mid-life and beyond, they often bring children from prior marriages into the mix. Such unions are often referred to as a “blended” family or …
5 Common Estate Planning Concerns For Your Second (Or More) Marriage Read More »
If you are looking to collect life insurance proceeds as the policy’s beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one’s death, it can feel as if your entire world is falling apart, so it is helpful to understand exactly what steps you need to take to access …
What You Need to Know About Collecting Life Insurance Proceeds Read More »
These days, more and more young people are delaying—if not totally foregoing—a life that involves marriage and parenting. The lack of jobs, crushing student debt, the threat of recession, and the pandemic have pushed many young people into a life path that leaves little room for settling down with a partner and getting married—and even …
3 Reasons Why Single PeopleWith No Children Need An Estate Plan Read More »
When creating an estate plan, people are often most concerned with passing on the “big things” like real estate, bank accounts, and vehicles. Yet these possessions very often are not the items that have the most meaning for the loved ones we leave behind. Smaller items, like family heirlooms and keepsakes, which may not have …
How To Pass On Family Heirlooms and Keepsakes Without Causing A Family Feud Read More »
The road to retirement is a long one, and as with any journey, it helps to have a few key milestones along the way to help gauge your progress. While your individual retirement plan and goals will be unique to your income, family situation, and desired lifestyle, most Americans share a number of common retirement …
When you think about loved ones who have passed away, you probably do not think very much—or even at all—about the “things” they have left you. And when they do leave something behind, what you likely cherish most about the object are the memories and feelings the item evokes, not the thing itself. For the …
How Creating A Life & Legacy Plan With Us Creates And Preserves Your Family’s Legacy Read More »
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