Keeping an Eye out for Elder Financial Abuse and Fraud
As reported by the National Council on Aging (NCOA), US elder financial abuse and fraud losses range from 2.6 to 36.5 billion dollars each year. Financial exploitation reported by elders is more common than all other forms of elder abuse, however, NCOA believes instances of elder financial fraud and abuse
Different Trust Types
Most of us are familiar with trusts, either as a reference to a beneficiary of a trust fund or as an entity itself. While some may think only wealthy people have trusts, trusts are common and useful tools for estate planning of all sizes. Assets are managed and protected, distributions
Planning Your Estate with Life Insurance
Your surviving loved ones shouldn't be forced to inherit assets only to find they can't access them to meet their financial obligations after you pass away. Homeownership and retirement accounts make up most retirees' assets, so you need to sell them in order to get cash. In order to manage
Families With Blended Assets and Wills
Especially in American families today, stepchildren are not uncommon, and they are taken care of just like full biological children, even if they come from the same family. Stepchildren, particularly those raised in blended families, are especially susceptible to this. Siblings may have varied feelings about a stepchild inheriting something
Income From Charitable Trusts for Heirs
Charitable trusts, also known as irrevocable trusts, allow you and a charity to receive income from the trust. The establishment of a charitable trust can offer many benefits for all parties involved, especially for those with nonessential assets such as stocks or real estate. Even if you experience a financial
How To Understand Powers of Attorney
As part of your estate planning process, it's important to implement Power of Attorney (POA) documents. Powers of attorney are recognized in all states, but the rules and requirements may differ from one to another. By signing this document, you are granted an individual or individuals the authority to act
Preventing Probate Litigation
The complexities of probate litigation can range from guardianships and conservatorships to will and trust contests, to real estate disputes, to using true intentions to make gifts. By planning for the future, one can greatly reduce or eliminate probate litigation risk. The creation of comprehensive estate plans that are routinely
How To Create an Online Estate Plan
Physical separation is essential to stop this virus, as you probably already know. Find out how we can help you complete your estate plan without having to leave the comfort of your home. Traditionally, significant legal documents had to be signed in person in most states. As a result, we have
What Is the State of Your Financial Information?
Organizing and preparing your financial information for the day when you are no longer able to do so will bring peace of mind to you today and relieve the burden on your loved ones in the future. A responsibly managed financial situation and a preserved legacy will ensure your financial
The Best Way to Deal with Unwanted Timeshare Interest
During the time with Mom and Dad's purchase of a holiday timeshare, the resort agent recommended that they save the deed and leave it to their children so that when the parents passed, their children would be able to enjoy the property. When it was first proposed, it seemed like