
Estate Planning for a Blended Family
If you’re in a blended family, you’re already aware of the emotional and financial issues involved in your daily life. However, what about the future?
If you’re in a blended family, you’re already aware of the emotional and financial issues involved in your daily life. However, what about the future?
When you’re planning to divide your estate unequally, explain the reasons to your heirs, and remember: They might be hurt anyway.
While no one is ever ready to lose a loved one, proper planning in advance of a loss may help ensure that finances may be one less concern during such a trying time.
Planning for the death of a spouse is difficult and painful. It involves conversations that we don’t want to have.
It’s generally a bad idea to name a trust as beneficiary of your IRA.
By definition, a Will accounts for a person’s wishes of how their assets and estate should be distributed and handled once they die. It spells out who should get what and who should do what, after the benefactor’s demise.
There’s plenty of frightening data on retirement planning in the U.S., even before you consider COVID-19.
Some people are concerned that the new conservative 6-3 majority on the Supreme Court will roll back protections for non-traditional families. Regardless of the decisions at the Supreme Court, or the impact on the state family courts, there are many ways that non-traditional families can maintain control.
Medicare is designed to help pay for healthcare costs for seniors once they turn 65. While it covers a number of healthcare expenses, it doesn’t apply to costs associated with long-term care in a nursing home.
The couple needs to create an appropriate estate plan. If they truly want inheritance rights, they need to execute testamentary documents, such as wills.
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