When you are contemplating your legacy, you should ask yourself how you can do the most good for your family members. If you have young people on your inheritance list, access to a college education would certainly be a meaningful gift. Plus, when a youngster knows that they have a clear pathway to a bright future, they will invariably motivated to do well during the preparatory years. All of the above may sound great, but what’s the best way to develop the resources that you need to … [Read more...] about What Is a 529 College Savings Plan?
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Don’t Overlook These Estate Plan Details
A lot of people think that estate planning boils down to the creation of a simple will. This is actually a shortsighted perspective, and in fact, a trust can be a better choice than a will in many instances. We will look at the trust versus will question in another post, but in this one, we will highlight some important estate planning details that often are overlooked. Instructions for the Administrator You should put yourself into the position of the executor or trustee when you are … [Read more...] about Don’t Overlook These Estate Plan Details
Fair Isn’t Always Equal and Vice Versa
When you’re deciding how your assets should be divided at death, sometimes dividing them equally is the appropriate choice. But, sometimes it’s not. Fair isn’t always equal or vice versa. Read on to learn more, including how to avoid a challenge if you choose an unequal division among your children. … [Read more...] about Fair Isn’t Always Equal and Vice Versa
2021 Social Security Updates Have Been Released
We help seniors prepare for the eventualities of aging, and for most people, Social Security is a very important piece of the retirement puzzle. Each year, relevant dollar amounts are reassessed in light of the current Consumer Price Index that is maintained by the United States Department of Labor. The figures for 2021 have been released, and we are going to take a look at them in this post. Medicare and Medicaid have not made their updates available yet, but we will share that information … [Read more...] about 2021 Social Security Updates Have Been Released
These Errors Can Tarnish Your Legacy
People often make estate planning mistakes that yield negative consequences after they are gone. It is frustrating when you hear about these situations, because the errors could have been easily avoided. With this in mind, let’s look at some of the wrong turns that you should avoid. DIY Estate Planning There are websites that produce boilerplate, fill in the blanks legal documents including last wills and trusts. They make it sound like it is easy for anyone to plan their own estate using the … [Read more...] about These Errors Can Tarnish Your Legacy
