Should I Ask Mom and Pop about Their Finances?

“There are now more than 70 million Baby Boomers in the U.S. However, millions of adult children may not be prepared to make important decisions about their parents’ future if necessary, because of a lack of knowledge about their parents’ finances.”

Have You Considered Estate Planning for Fido?

“Whether referred to as companion animals, service animals or simply as pets, they play an important part in the lives of many. Owners can use estate planning tools to ensure their pets continue to receive proper care, if the owner becomes incapacitated or dies.”

What are Top ‘To-Dos’ in Estate Planning?

“The biggest misconception people have about estate planning is that “they are not that old and can do it later,” say almost half (49%) of advisors in a recent Key Private Bank Advisor Poll on estate planning. Yet, the majority (73%) of advisors say the ideal age to start putting an estate plan in place is before 40—earlier than many people think.”

What are Biggest Blunders Folks make after 50?

“Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before.”

Does a Prenup Make Sense?

“As you prepare for your wedding, have open conversations with your soon-to-be spouse about your financial goals.”

Does the New COVID Relief Bill have an Impact on Seniors?

“Besides the third round of stimulus payments, multiple expanded tax credits for parents are perhaps the most widely known provisions of the COVID-19 relief bill that President Joe Biden signed into law on March 11. But the expansive legislation, formally known as the American Rescue Plan Act of 2021, contains provisions that affect Americans of all ages, even retirees.”

Estate Planning and a Second Marriage

“Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.”

Why Do I Need Estate Planning?

“Over the years, several high-profile celebrities have died without either properly updating their estate plan or having one at all. The list includes Princess Diana, Prince, Heath Ledger, Michael Jackson and Kurt Cobain, all of whom were worth millions and among the most famous people on the planet at the time of their death.”

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