The choices she made were out of greed, not because she didn’t understand the ethical obligations of being a guardian.
After taking inventory of your possessions, including your home, vehicle, stocks, life insurance policies, etc., there are many steps you will need to take to protect these assets — and yourself. There are many steps and documents that advisors will suggest you put into place immediately for your protection.
Surprisingly, the words “Long-Term Care (LTC) Insurance” mean different things to different people.
With the holiday season in the rear-view mirror, it is time to look forward to 2019 and the opportunity to pursue New Year’s resolutions.
While most estate planning focuses on physical property, like your home, and liquid assets, such as investment accounts, retirement plans can actually make up a large portion of one’s estate. Due to the specific tax rules governing these assets at death, you must plan carefully to ensure these funds are integrated properly into your estate distribution plans and tax savings strategies.
The beneficiaries of an inherited IRA are bound to IRS rules.
Because baby boomers will leave trillions of dollars to their heirs, they and their beneficiaries should learn about the financial consequences of this magnitude of wealth transfer.
The elderly are often seen as easy targets for criminals and unscrupulous scammers alike.
Dying without a will basically means that you give up having control over who gets your property after your death and who will be the guardian of your minor children.
You need to have “standing” to successfully contest a will.