Category Archives: Estate Planning
Do Too Many Personal Representatives Spoil The Estate?
If your estate goes through probate, whether or not you have a will, the probate court will appoint a personal representative, also sometimes called an executor of the will. Your will should mention by name the person you choose to be personal representative of your estate. By including this provision in your will, you… Read More »
Retirement Accounts: An Underrated Asset Protection Strategy
Perhaps your mother was right that, when trying to get others to see your point of view or do your bidding, you catch more flies with honey than you do with vinegar. Estate planning lawyers can attest, however, that while some people enter the law office with dreams of being generous to their descendants,… Read More »
Maybe Revocable Trusts Are Overrated
Writing a will is a good first step toward building an estate plan. It can bring you a sense of relief, since you have cleared up ambiguities about how you want the probate court to distribute your property, but it does not make you feel financially well off. Typing your will in a Word… Read More »
Which Of Florida’s 12 Coasts Will Be Your Forever Home For Retirement?
Two things you can find in abundance in Florida are coastlines and old folks. Florida’s shape, a long, skinny peninsula plus a beachfront panhandle, is ideal for folks who want to walk along the beach without coming into contact with anyone else. Of course, it used to be ideal for that, but the population… Read More »
Most Important Estate Planning Documents
The reasons for procrastinating one’s estate plan are many. It is not pleasant to think about your own mortality. You would love to provide an inheritance for your children, but no matter your age, it is easy to feel that your children and their peers face such an uphill battle financially that any inheritance… Read More »
Nearby Hangouts To Look Forward To If You Retire In Orlando
An itinerant retirement is not for everyone. Only a minority of the people who decide that, as retirees, they plan to travel the world without a home base to speak of can keep up that lifestyle for more than a few months. Even the most adventurous people need some relaxing monotony sometimes. You should… Read More »
Should Affordable Housing For Seniors Be Part Of Your Estate Plan?
If you own your house with little or no mortgage debt, then living comfortably in retirement is within reach, even if you have no employer-provided retirement savings, and your only income will be your Social Security check. If you need more cash, you can take out a reverse mortgage or ask family members to… Read More »
Plan For A Boring Retirement, And You Will Never Be Stressed
Our culture idealizes youth so much that most people dread the thought of retirement. Calling it the Great Resignation only helps when you are young enough that if you nope out of the workforce today, you will still be young enough and healthy enough that you have many long years of income-earning potential ahead… Read More »
Are Seniors And Mortgages A Bad Mix?
When you are retired, you no longer have to deal with a daily commute during rush hour, professional networking events that eat up your limited free time, or waking up to emails notifying you that you must urgently fix a problem that your insufferable, overpaid boss created. Retirement is not all peaceful walks on… Read More »
Don’t Let Housing Drama Tank Your Late In Life Romance
Romantic relationships are so much simpler when you are over 50, not least because both partners are financially independent from the outset. You don’t have the problem that so many young couples face, where you have just taken the first steps toward being in charge of your own finances, and then you must figure… Read More »