All too often, people miss out on valuable estate planning opportunities because they fall for myths that they heard from someone once or did not properly investigate. The only reliable source for estate planning information is an experienced estate pla ...
Five Steps to Organized Financial Affairs for Estate Planning
Do you feel organized when it comes to your financial affairs and long-term goals? Most people don't because they haven't had the opportunity or understanding of how important these financial and estate planning considerations can be. Thankfully, a few ...
What Advice Can Parents Give to Their Adult Children About Estate Planning?
Parents can pave the way and set a good example when it comes to estate planning, but only if they've accomplished these important strategies on their own. Having conversations around the holiday season or at the start of the New Year can be an appropriat ...
Will A Second Marriage Derail Your Estate Plans?
A second marriage can introduce dramatic changes into your life. The financial implications of a second marriage can be significant. While many of the adjustments and changes to your life could have to do with child custody, alimony and division of proper ...
What Assets Need to Be Included in My Estate Inventory?
Each person's estate inventory will look unique, but a careful consideration of the different types of assets that should be included can make it easier for your estate executor and your loved ones when you pass away. One of the primary reasons that peop ...
Retirement Planning Beyond the Basics
There's no doubt that the workforce is changing and as more baby boomers are reaching retirement age, this is also raising questions about how retirement is different. Traditional retirement planning might not cut it anymore, particularly if you're not us ...
Where Should Wealthy Clients Consider Retiring?
If you are currently amassing a great deal of wealth and are concerned about long term planning for your tax bill, you are better off retiring in Michigan, according to a new study. The study completed by online finance tool company SmartAsset ranked elig ...
How Do I Choose the Right Estate Planning Tools?
Essential estate planning boils down to considerations of protecting your rights if you were to become incapacitated and unable to make decisions for yourself as well as a plan for transferring on your assets to future generations. Putting together a reli ...
Is a Joint Account Best for Estate Planning?
Establishing a joint bank account that allows your children to tap into your finances might initially seem like a good idea. In fact, you may have recently gone through some challenges with your own loved ones in which the fact that one child was not name ...
Joint Bank Accounts Can Be Problematic for Crises
Establishing joint accounts that are used by both children and parents can seem like the most effective way to handle financial emergencies or to step in if someone needs assistance with their finances as they get older. But this can cause significant est ...