When you have put considerable thought and effort into estate planning, it is important to ensure that your plans continue to serve your practical needs. Periodically reviewing the provisions that you have made will enable you to plan ahead judiciously. Here are a few...
There is a loneliness epidemic among older adults in the U.S. In fact, according to Science of People, as many as 30% of older adults feel lonely. More alarmingly, almost 60% of Americans say they have no person in their lives who knows them well. Loneliness is...
When it comes to estate planning, many people consider wills to be vital. And while they do serve a very important purpose during the process, they are not the only factor in creating a solid and suitable estate plan. You must also consider beneficiary designations,...
When dealing with the process of aging, you will sooner or later have to handle the possibility of needing a long-term care facility. Thus, you should work this potential need into your basic estate planning. This can save you trouble later down the line. Red flags to...
Retirement planning and estate planning often go hand-in-hand, and both are processes that you can begin early on in life. As you approach retirement age, though, there are a few key items to address in your estate plan regardless of whether or not you already have a...
Even though you have been healthy throughout your life, it is impossible to predict the future. Eventually, whether because of a serious injury or unexpected illness, you might have to deal with incapacitation. If so, you simply will not be able to make your own...
Regardless of your degree of wealth, you might want to look into an estate plan. After all, these do much more than simply determine where your assets will go after your death. A complex or extensive estate is not necessary in order to have an estate plan, and an...
Your will should always be a work in progress. As your life changes, your will should adapt as well. Most estate planning professionals recommend evaluating and updating your will once a year. This lets you address any changes in a timely manner. There are a few...
If you do not want to burden your close friends and relatives, you are probably thinking about including funeral arrangements in your estate plan. Fortunately, from how the service unfolds to where your remains end up, you can take care of virtually all end-of-life...
An estate plan provides a way for you to think ahead and protect your assets. Maintaining your plan requires ongoing effort throughout your life. Careful preparation can optimize the value and function of your plan. Knowing how to finetune your strategy can help you...
