Estate Planning/Legacy

28th Dec, 2017

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Check In With Your Retirement Plan

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Preparing for retirement is a cornerstone of any financial plan, but a lot can change as you approach your golden years. That’s why trying a “retirement dress rehearsal” well before you stop working can reveal items to be addressed or give you reasons to adjust your expectations.

Double-check your financial details.
Most people’s anxiety about retirement comes…

16th Nov, 2017

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Should you consider setting up a trust?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

You may think of trusts as luxurious financial vehicles for the elite and wealthy, but the variety and versatility of trusts available offer a number of options to anyone with clear ideas about what they want their hard-earned wealth to do.

Trusts Can Allow Greater Privacy
One of the most common uses of a trust…

31st Aug, 2017

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Estate Planning as a Gesture of Affection

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

An uncertain future can be a great motivator for putting together a financial plan. Knowing you’re prepared and that your loved ones will be taken care of after you’re gone can provide peace of mind to everyone involved.

While it’s a tough conversation to have, you can’t afford to put it off. In fact, as the boomer…

Regulators say something about living wills, and are relieved that no one really cared

11th Aug, 2017

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Regulators say something about living wills, and are relieved that no one really cared

From: finreg.sourcemedia.com

Banking regulators managed to say a little something about living wills yesterday, and no one really cared. American Banker and Reuters offered brief items, probably because there wasn’t much to say beyond the fact that 21 banks have a little more time to turn in their homework….

DIY Estate Planning Has Its Risks

8th Aug, 2017

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DIY Estate Planning Has Its Risks

From: wsj.com

Before crafting a last will on your own, here are some issues to keep in mind

Two years ago, Matt Ahrens and his wife were heading out of state without their infant son, and neither had a will. Mr. Ahrens heard a radio ad for an online document company—and downloaded a will from the site.

“For me, the scariest thing was the idea of something happening…

Basics of Estate Planning: Asset Protection – Part 1

28th Jul, 2017

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Basics of Estate Planning: Asset Protection – Part 1

From: www.aaepa.com

This is another in a series of blogs on the basics of estate planning. This week, we’ll take a first look at asset protection. Next week, we’ll delve deeper into asset protection.

Much depends upon whose assets you are looking to protect. If the assets are those that are coming to you, the debtor, then typically, those can be protected completely. We’ll…

Second Marriage And Estate Planning: 5 Things You May Not Have Considered

6th Jul, 2017

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Second Marriage And Estate Planning: 5 Things You May Not Have Considered

From: www.forbes.com

Getting married for a second time is fairly common. But the financial and estate planning issues that result from remarriage can be anything but.

In second marriages the complications and challenges created by blended families multiply.

Here are a few of the financial, legal, and estate planning issues to keep in mind :

Top Four Estate Disputes of 2016

3rd Feb, 2017

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Top Four Estate Disputes of 2016

From: wealthmanagement.com

2016 was a typical year in that, unsurprisingly, families continued to fight over estates.

Note that this is just a sample of some of the major dust-ups. That being said, the following are what I believe to be some of the major estate disputes that graced the headlines this past year.

Prince

Pop artist Prince died in April 2016 without a will. I previously wrote a blog…

Smith and Barid: Single people may need estate planning more than others

22nd Dec, 2016

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Smith and Barid: Single people may need estate planning more than others

From: businessinsavannah.com

No wife, no kids, no need for an estate plan, right?

Wrong.

Estate plans are actually more important for single people than their married counterparts.

If a married person dies without a will, or intestate, that person’s assets generally pass on to their spouse, which is likely what they would have chosen anyway.

But if a single person dies intestate, the distribution…

Six Things to Do When Your Spouse Passes

20th Sep, 2016

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There’s nothing that can prepare you for the loss of the spouse. Whether it came as the result of a long illness or happened suddenly, losing your spouse can leave you devastated and confused as what your next steps should be.

To make the process a little more bearable, it’s wise to have a checklist available to guide you through the process. Staying focused will keep you calmer, and can save you time and money….