Author Archives: Site Administrator
Are You Retiring in 2019? Here’s What You Need to Know
There are more than few steps you’ll need to complete, before packing up your desk, cubicle or locker and saying good bye to your work family. Even if your 401(k) and IRA is in order, there are things you need to during the last few months of working, says Next Avenue in the article… Read More »
Dissolving the Mystery of Probate
Probate can be avoided with proper estate planning, or certain assets can be placed outside of the probate process. The Street’s recent article on this subject asks “What Is Probate and How Can You Avoid It?” The article looks at the probate process and tries to put it in real-life terms. Probate is an… Read More »
How Do Trusts Work in Your Estate Plan?
A trust can be a useful tool for passing on assets, allowing them to be held by a responsible trustee for beneficiaries. However, determining which type of trust is best for each family’s situation and setting them up so they work with an estate plan, can be complex. You’ll do better with the help… Read More »
Advance Planning Key for Alzheimer’s Patients
A retired physician and his wife have allowed a local television station to report their family’s journey with Alzheimer’s over the course of the last four years. The series continues with WCCO CBS Minnesota’s article “’All Lined Up Before You Need It’: Alzheimer’s Association Shares Steps for Estate Planning, ” with four steps to… Read More »
Can a Transaction Occur if One Spouse is Incapacitated?
An elderly married couple wished to sell their home, but they had a big problem. The notary public refused to notarize the wife’s signature, because she clearly did not understand the document she was being asked to sign. Because there was no power of attorney in place that could have authorized her husband to… Read More »
How to Plan for Long-Term Care Costs
The odds are that most of us will need long-term care. At least 52% of those over age 65 will need some type of long-term care at some point in our lives, according to a study conducted by AARP. As most of us are living longer, we’ll probably need that care for a longer… Read More »
What You Need to Know If Asked to Be a Trustee
Being asked to be a trustee is a question that deserves serious consideration. First, because there are so many different types of trustees, the answers to the questions posed above will vary greatly, says The Mercury in a recent article that asks “Should you be a trustee?” At the very simplest level, a trustee… Read More »
How Does an Irrevocable Life Insurance Trust Work?
There are pros and cons to using a revocable trust, which allows the grantor to make changes or even shut down the trust if they want to, and an irrevocable trust, which doesn’t allow any changes to be made from the creator of the trust once it’s set up, says kake.com in the article… Read More »
Paying for Long-Term Care
The recent article from MarketWatch, “This is how much long-term care could cost you, and don’t expect Medicare to help, ” reports that most people over 65 will eventually need help with daily living tasks, like bathing, eating, or dressing. Men will need assistance for an average of 2.2 years, and women will need… Read More »
What’s Long Term Care About and How Much Does it Cost?
Many people are scared about the prospect of needing help in a long-term care setting, and they are right to be worried. For many people, a spouse or adult children will become the go-to caregivers, but not everyone will have that option, says Market Watch’s article “This is how much long-term care could cost… Read More »