Recent Blog Posts
3 Financial Mistakes To Avoid During Retirement
Don’t let the images you see on estate planning websites fool you; retirement is not fabulous or glamorous for most people, but this does not mean that you will never be able to afford to retire. The financial decisions you make now can help put you in a position to enjoy a comparable lifestyle… Read More »
Funding Your Revocable Trust
If you have established a revocable trust, you are probably feeling pretty chuffed with yourself. After all, revocable trusts are one of the most effective ways of keeping your assets from having to go through probate. You might not be rich, but at least you are not enough of a chump to let the… Read More »
Questions To Ask Before Investing In Annuities
Preparing for retirement means setting up one or more guaranteed income streams, but you can only do this with the resources you have. Living off of the interest of your savings is only possible if you are wealthy and interest rates are robust. Jobs that pay you a lifetime pension after retirement are a… Read More »
3 Ways Seniors Can Stay Financially Solvent In The Face Of Inflation
If you have read a news report or a grocery receipt in the past few months, then you know that inflation is the highest it has been since the 1970s, when you were new to the workforce. Younger folks tend to cope with inflation by picking up additional gig work, but that is not… Read More »
For Millennials, Retirement Is A State Of Mind, And So Is Uncertainty
People born in the 1980s are old enough to have had conversations with their parents about the financial decisions their parents made as they approached middle age, and they have come away from those conversations painfully aware that the world is a very different place from what it was a generation ago. Your parents… Read More »
Removing A Personal Representative From An Estate In Probate Court
Except under extraordinary circumstances, the probate court must follow the instructions in a deceased person’s will. The estate must pay taxes and settle with creditors before the beneficiaries can receive the assets designated for them in the will, but the testator (the author of the will) has the final say regarding who should act… Read More »
The Elder Care Apps Have Arrived
It’s official. Baby Boomers are old. They might have tried to deny it until recently, but once the millennials let their hair go gray during the pandemic shutdown of 2020, it was time to face reality. Ever since they were young, Baby Boomers have done things differently from how their parents did them, and… Read More »
How Can You Tell Whether Seniors Are Capable Of Understanding Their Own Decisions?
Much of estate planning is an effort to avoid the things you fear, and one of the scariest parts of aging is losing the ability to make sound decisions or, even worse, knowing full well the implications of your decisions but having a court decide that you have lost your legal status as an… Read More »
Recently Divorced People, Update Your Estate Plan
A lot of things that are mundane when you are married are exhilarating when you are recently divorced, such as filing your income taxes or refinancing your home mortgage. If your marriage was riddled with conflict over finances, then it is a relief to manage your finances as a newly single person. You can… Read More »
6 Ways To Keep Your Assets Out Of Probate
According to the Physician on FIRE blog, in which FIRE stands for Financial Independence, Retire Early, the main purpose of estate planning is to avoid the costly and time-consuming process of probate. If you write a will, you have avoided the worst-case scenario, which is the court deciding how to divide your assets and,… Read More »