How Joint Tenancy Creates Problem for Seniors
“As parents age, families sometimes struggle with how to best keep their parents’ financial affairs in order. One common approach is for aging parents to put one or more of their children on their investment accounts, bank accounts, and real property.”
Still Waiting to Update Your Estate Plan?
“When the ‘Queen of Soul’ Aretha Franklin died last year, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. However, a few months ago, three handwritten wills were found in her home near Detroit. Two were in a locked closet and one was stuffed beneath the cushions of a couch!”
What Is Your Goal for Heirs?
“Many clients want to leave a legacy, not just save for a comfortable retirement.”
Reverse Mortgages Are Not Always a Good Ending
Stronger regulations? Yes, but are they always the best tool for the family? No!
Just a Few Assets? You Still Need a Will and Estate Plan
Your family has a better chance of a strong future, if you leave behind a plan.
What If the Beneficiary Is Deceased?
Prevent failed testamentary transfer from happening.
No Will? You’re Giving Up Control
Are you willing to have someone else decide where your assets go?
You Can Determine Your Heirs or State Law Can
Do you really want the state to determine where your assets end up?
Estate Planning Is Especially Important For Families
An estate plan is always important, if you have a family and even if you don’t.
Aretha Is Gone and She Didn’t Have an Estate Plan
The settling of her estate is likely to follow in the footsteps of Prince’s estate.
