By KATHY KRISTOF MONEYWATCH July 31, 2017, 5:30 AM Seniors beware: New con targets Social Security checks Government officials are warning about a rash of cons targeting Social Security beneficiaries. Posing as agents for the government’s cornerstone retirement program, the latest con tries to trick seniors into “verifying” private information — including Social Security numbers, birth dates and… Read More »
Blog Posts Page 2
The Advantages and Disadvantages of a Special Needs Trust to Help Insure Your Child’s Future
A child’s financial future can be daunting in and of itself but adding in special needs for your loved one can create additional nerves and anxiety. Parents often have critical questions about who will care for the child and how the child’s needs will still be met in conjunction with qualification for government services. Parents… Read More »
How to Use a Revocable Trust
A revocable trust might also be referred to as an inter vivos trust or a living trust. This is the kind of trust that can be updated at any point in time, meaning that you have greater flexibility over it. You might decide to make changes over who is listed as the beneficiary inside, and… Read More »
Estate Planning A Necessity for New Business Owners
A recent study conducted by RBC Wealth Management identified that even though nearly 40% of American business owners have a complete transfer plan, nearly half of them have not taken the necessary steps to make a will. Even though business owners are more likely to have a wealth transfer plan than their employees with half… Read More »
Why the Right Beneficiary in Your Life Insurance Policy Is So Important
If you have a life insurance policy and you have also outlined your intentions for someone to receive benefits in a will, bear in mind that the life insurance policy will revert to the beneficiary, both primary and contingent, that is named on your policy. This is regardless of what is stated in your will,… Read More »
Mental Competence and Legal Documents
Our legal system functions with the principle that in order for you to sign any legal document, you must have the necessary mental competence to do so. Health care powers of attorney, DNRs, financial powers of attorneys and trusts are typically classified as contracts, but contractual capacity alone is typically not enough to execute these… Read More »
How Will Rising Numbers of Baby Boomers Impact Investment Returns?
A research project from the Center for Retirement Research at Boston College, identified the potential impact of the thousands of baby boomers retiring every single day on investment returns overall. The study identified that there has never been a better reason to start saving more for retirement as the demographic transition of the growing retiree… Read More »
What If your Loved Ones Are Unable to Find Your Will?
All the best intentions of putting together a comprehensive will for estate planning purposes can go by the wayside in the event that your loved ones are not able to find this critical document. Having a clearly articulated plan drafted by a knowledgeable estate planning attorney and putting this in a place where individuals can… Read More »
Do You Owe Your Children an Inheritance?
Many people find discussing the topic of estate planning to be a difficult one but the good news is that if you take the appropriate steps to plan well in advance, you can structure a way that your children receive an inheritance should you wish to do so. A new study conducted by the Insured… Read More »
How Can I Keep My Heirs from Having to Go Through the Probate Process?
One of the most common questions for anyone approaching the prospect of estate planning has to do with making things easier for their beneficiaries. Having fully documented plans and consulting directly with an estate planning lawyer are some of the most important things you can do to minimize the additional challenges and frustrations that your… Read More »