Estate Planning

Updating Your Estate Plan

August 21, 2019

An estate plan has three objectives. The first goal is to preserve your accumulated wealth. The second goal is to express who will receive your assets after your death. The third goal is to state who will make medical and financial decisions on your behalf…

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Will You Avoid These Estate Planning Mistakes?

August 7, 2019

Many people plan their estates diligently, with input from legal, tax, and financial professionals. Others plan earnestly but make mistakes that can potentially affect both the transfer and destiny of family wealth. Here are some common and not-so-common errors to avoid. Doing it all yourself.…

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Incapacitation: A Hidden Estate Planning Risk

July 16, 2019

Many people assume that estate planning is only for challenges that arise after you pass away. To a large extent, that assumption is correct. Estate planning can be used to minimize probate costs, manage taxes, and distribute your assets to your loved ones in the…

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3 Affordable Tropical Locations for Your Retirement

June 26, 2019

Summer has finally arrived. It’s time for sunshine, barbecues, and maybe even vacations to the beach. If you’re still working, you may only get one…

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Why Do You Need a Will?

January 16, 2019

According to the global analytics firm Gallup, only about 44% of Americans have created a will. This finding may not surprise you. After all, no…

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Minimizing Probate When Setting Up Your Estate

December 18, 2018

Probate subtly reduces the value of many estates. It can take more than a year in some cases, and attorney’s fees, appraiser’s fees, and court costs may eat up as much as 5% of a decedent’s assets. Probating a “routine” estate valued at $400,000 could…

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Does Your Estate Plan Address End-of-Life Needs?

November 6, 2018

You probably know how important it is to have a written estate plan. Even at its simplest, an estate plan helps the courts and your loved ones determine how you want your legacy and assets distributed. Your estate plan could simply involve a will, or…

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Do You Know Who Your Beneficiaries Are?

October 3, 2018

Your beneficiary choices may need to change with the times. When did you open your first IRA? When did you buy your life insurance policy? Are you still living in the same home and working at the same job as you did back then? Have…

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