Category Archives: Estate Planning
What Causes Retirees To Run Out Of Savings?
The two goals of estate planning are to have enough money to support yourself in your old age and to be able to leave some assets to your family (or any other chosen beneficiaries) after you die. In other words, your goal is to avoid outliving your savings. Public programs like Social Security and… 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 »
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 »
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 To Stop Your Adult Children From Sabotaging Your Retirement Plans
Little children are expensive and time-consuming, but they are also adorable. As you pace around the living room at 2:00 in the morning, soothing a baby that woke up less than an hour after the last time you soothed him to sleep, you look forward to a time when your baby will be more… Read More »
Aging In Place Begins In Middle Age
Time flies when you’re procrastinating. You may have just run a marathon at age 49, but that Red Hot Chili Peppers Jam that was blasting from the loudspeaker as you crossed the finish line was playing on the oldies station. You are wise to live in the moment and enjoy your health and wealth,… Read More »
Your Estate Plan: What Will It Take To Get Started?
Just because lawyers exist, this does not mean that it is impossible or inadvisable to follow the law on your own; the lawyers are there to give you advice or to speak on your behalf when things get complicated. Personal injury lawyers represent people who have suffered severe injuries in car accidents, but most… Read More »
Getting A Dementia Diagnosis Is A Real Possibility: Can Your Estate Plan Cope With It?
Fans everywhere were shocked and saddened to hear that Bruce Willis is retiring from acting after his diagnosis of aphasia, a neurological disorder involving deficits in the ability to use language. Some types of aphasia are associated with dementia, while other types occur as the result of a stroke; therefore, most patients diagnosed with… Read More »
You Have More Options Than You Think About What Happens To Your Body After You Die
The philosophers have been reminding us for years that eventually, all of us will die, and our bodies will turn to dust. Estate planning lawyers will tell you with a smile that estate planning is about planning for life, not just about planning for death. The truth is, however, that your estate plan is… Read More »