Last Will and Testament Importance

Last Will and Testament Importance

Did you know that only 35% of Americans have a Last Will and Testament, and only 29% have financial or healthcare power of attorney documents?  Some reasons offered by the study for not having these important documents are listed below: Last Will and Testament Importance 1 in 5 people (20%) thought that their assets would automatically transfer to their spouse or family Another 20% thought it was too expensive 11% didn’t believe it was necessary 9% thought it just took too much time Dying Without a Will Each state has its own laws that govern what happens to your property and your

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Importance of Advance Directives

Stop wondering about what advance directives and living wills can do for you. Instead, seek out the answers for the very obvious questions that have been bugging you for so long now. And there's no better way to start this quest than with good old definitions. Importance of Advance Directives What are Advance Directives and Living Wills? An advance directive instructs your attending physician about the type of care/treatment you would like to receive if you ever become unable to formulate decisions for yourself. Hospital personnel may talk to you about this stuff. Of course, you would certainly be approached with

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5 Reasons to Meet a Financial Advisor

5 Reasons to Meet a Financial Advisor

5 Reasons to Meet a Financial Advisor Are you planning and preparing for your retirement?  If you are, you may have some questions.  After all, soon-to-be retirees want and should have all of their bases covered.  Of course, you can find retirement advice online or seek answers from those you know.  There are, however, a number of benefits to meeting with a professional financial advisor.  In fact, five reasons why are outlined below. 5 Reasons to Meet a Financial Advisor 1 - Knowledge and Expertise While anyone can claim to be a financial advisor, a small amount of research or recommendations

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Important Questions to Ask Yourself for Retirement

Checklist for Retirement

Important Questions to Ask Yourself for Retirement Are you getting ready to start preparing for your retirement years?  Whether you are 30 years old or 50 years old, this is an important step to take.  Planning for your retirement doesn't have to be hard, but there are a number of bases that you must have covered to see success.   To make sure that you are on the right track to seeing the retirement future you always dreamed of, there are a number of important questions that you will first want to ask yourself.  The answers to these questions are

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7 Retirement Questions Everybody Needs to Ask

7 Retirement Questions Everybody Needs to Ask Retirement planning has been traditionally provided in one dimension, with a focus on financial matters only. But increases in longevity, and ongoing uncertainties about being able to fund your own retirement, require a whole new way of planning for retirement. A new multi-dimensional way of planning for retirement is required which not only addresses post-retirement risks, but also matters of the heart that help you live a happy and purposeful life.  7 Retirement Questions Everybody Needs to Ask 1. Purposeful Life If you have led a busy working life as an employee or

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Include Next Generation in Estate Planning Process

Include Next Generation in Estate Planning Process

Include Next Generation in Estate Planning Process If you think you have run out of things to talk about with your adult kids, how about a worthwhile chat about incapacity and death? That’s certainly going to get their attention and a photo worthy reaction…usually a wide-eyed look that says “it’s time to head for the hills!” Include Next Generation in Estate Planning Process   We need, however, to ensure that our next of kin are fully prepared and understand what we want should we become incapacitated or die. There are many things we can all do to help the next generation.

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When to Amend Revocable Trusts

Revocable Trusts

When to Amend Revocable Trusts The fact most of us don't like to think too hard or often about our own mortality generally puts estate planning low on our priority lists. However, given that we spend a lifetime saving and accumulating assets, it is important to lay out a well-conceived plan for how this wealth will be transferred to others after we are gone. When to Amend Revocable Trusts Because life and laws inevitably change over time, it is also important to periodically review all estate planning documents to ensure they will still produce the desired results. If you have not

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Estate Planning Regardless of Income

Estate Planning Regardless of Income

Estate Planning Regardless of Income There's a common misconception among the American public that estate planning is only the domain of the elderly or the very wealthy. However, that's far from the truth. The fact is estate planning is something that can be done by people of any income level, and should be considered by everyone.  Estate Planning Regardless of Income If you haven't considered yourself as a candidate for estate planning, you might be underestimating the value of your assets. In fact, you might think of items like your home, your car and your life insurance simply as part

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5 Smart Moves to Make When Near Retirement

5 Smart Moves to Make When Near Retirement When you're in your 20s, you tend to work hard and play hard. But as you get older and settle down, you may find yourself thinking more about the future and trying to keep everything you've worked for, rather than scrambling to build wealth. 5 Smart Moves to Make When Near Retirement As your attitudes and priorities shift, your investment strategy should evolve with them. So here are some smart moves to make as you inch closer to retirement.1. Max out your 401(k) contributions While the money you contribute to a 401(k)

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