Archive for February 2017
Insurance Companies Offer a Hybrid Version of Long-Term-Care Insurance
A new type of product that pairs life insurance with long-term care coverage may be a good option for those who can’t manage the cost of traditional LTC coverage. Insurance companies have become very creative when it comes to designing new products that bundle different types of coverage in a way that makes sense to…
Read MoreWhat Kind of Trust is Right for Your Estate Plan?
We trust that these legal entities will provide us with the protection and facility to perform on our behalf, if and when we can no longer do so. But what’s the right trust for your situation? If you want to be sure that your assets will be properly and privately distributed, according to Yahoo Finance…
Read MoreSurprise Gift to Library Has Big Impact on California Community
City council and library commission working together to determine how to use generous gift. He never told the librarians how much the Porterville Public Library meant to him while he was alive, but Peter Brown sent a very clear message by naming the library as the primary beneficiary of his living trust of $158,351.92. Brown,…
Read MoreWhen Was the Last Time You Checked Beneficiary Designations?
It happens all the time: ex-spouses get a nice surprise when no one remembered to update beneficiary designations. Don’t be that person! This is perhaps the single simplest estate planning error. It is also the one that is the easiest to fix: check your beneficiary designations on any assets with a designated beneficiary. Although it is…
Read MoreTop Ten Tips for Estate Tax Planning
Having a will is a great start, but it is not an estate plan. It’s an important distinction! If you’ve got a will, that’s great. But if you’ve got a will that is not part of a larger plan to minimize estate taxes and you don’t have other important documents, like powers of attorney or…
Read MoreHeirs of Prince’s Estate Still Not Determined
The lack of a will continues to create delays for the family of the late artist. While there has been some progress with the estate, the judge in charge of Prince’s estate matter recently said that he is not yet ready to name heirs. He did indicate that Prince’s siblings would be among the heirs.…
Read MoreRetiring in 2017? Three Things You Must Do
You might already have a checklist for what has to happen before you retire in 2017, but make sure that these three things are on your to-do list. Preparation is everything when it comes to retirement planning, according to Starts at 60 in “Three things you should do if you’re planning to retire in 2017.”…
Read MoreDeath Bed Talk Is Usually about Loved Ones
Conversations rarely are about God, formal religion or jobs that will be missed. A chaplain, who has often visited with the dying, finds that people are more interested in their families and friends than religion, according to a CNN publication “What people talk about before they die.” According to the chaplain, people never talk about…
Read MoreWhat If You Can’t Care for a Real Animal? Robotic Pets!
Robotic cats may be answer to providing companionship for Alzheimer’s patients. The New York Times discussed a new trend in providing companionship for patients unable to care for real animals in “Therapy Cats for Dementia Patients, Batteries Included.” One way to combat the problem of providing therapy animals to lonely patients with Alzheimer’s disease and…
Read MoreDo You Have to Sue Yourself Sometimes?
Utah case highlights the responsibility of estate executors and personal representatives who have a duty to the estate that could include suing themselves. The Wills, Trusts & Estates Prof Blog discussed a Utah case that involved someone suing themselves and the pursuit of a wrongful death lawsuit in “Case Summary on Suing Yourself as Personal…
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