Estate Planning for Blended Families
“Traditional, very simple estate planning may not be sufficient to accomplish estate planning goals in many blended family situations.”
Did Naomi Judd Leave Her Children Out of Estate Plan?
“Naomi Judd left her daughters, performers Ashley Judd and Wynonna Judd, out of her will according to multiple reports.”
What Should I Know about Finances Before Getting Married Again?
“You may want to consider some financial issues before walking down the aisle again.”
Is Life insurance a Good Idea?
“According to the U.S. Department of Agriculture, a middle class family raising a child to adulthood will spend over $233,000 on that child between the ages of 0 to 18. That doesn’t even factor in the cost of college education, which can be thousands of dollars more per year once a child reaches adulthood.”
What are Best Assets to Inherit?
“If you really want to help your heirs out, these are some of the best assets to leave them.”
How Do I Give My Children the Summer Home?
“Whether you own a cabin in the woods or a mansion at the beach, creating an estate plan will determine the best way to distribute a home to your children.”
Any Ideas How to Pay for Long-Term Care?
“The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.”
How Can I Clean Up My Estate Plan?
“While estate planning can be emotionally taxing, since you must consider a time after your own passing, it is important to be proactive, both for yourself and for loved ones.”
What Is a Fiduciary and a Fiduciary Duty?
“A fiduciary is someone who manages property or money on behalf of someone else. When you become a fiduciary, the law requires you to manage the person’s assets for their benefit—and not your own.”
Can I Protect My Estate with Life Insurance?
“Life insurance may play a vital role in an estate plan because insurance proceeds can be counted on to provide liquidity when it’s needed.”
