Archive for July 2017
Why Wills and Estate Planning are Not Do-It-Yourself Projects
Estate planning attorneys are often called upon to repair the damage, after homemade wills are found to be invalid. It sounds like a great idea, kind of like building your own furniture or baking your own bread. But wills and estate plans are governed by state law, and laypeople often run into problems when drafting…
Read MoreWomen and Retirement: Special Challenges
Women who are widowed or divorced or those whose careers are impacted by raising children or caring for a loved one, are in a more precarious position than their male counterparts when it comes to retirement finances. A third of all widows lose their husbands before age 60, and a half of widows lose their…
Read MoreIs a Revocable Trust Right For Your Estate Plan?
Creating an estate plan offers peace of mind for the individual and their family. Revocable trusts are a good fit for many estate plans. Also known as “living trusts,” a revocable trust is a very flexible document that can be modified during your lifetime to reflect changes in your family or in your circumstances. They…
Read MoreHow to Prove Heirs Have Ownership of Mom’s House
Having a properly prepared will that clearly states your wishes, is the most important part of passing an asset like the family home to your children. Understanding the process by which real property is passed along to heirs, can give peace of mind to parents who are concerned about leaving a legal tangle for their…
Read MoreNext Up for Inheritances: Millennials and Gen Xers
The next few decades will see a vast amount of wealth transferred from Baby Boomers to their children. The question is, will those children be ready to manage new wealth? Almost $30 trillion in assets has already started to pass from one generation to the next, according to Delaware Online in “You’ve just inherited a…
Read MoreYou Don’t Have to Be Famous to Need a Will!
All a celebrity has to do is die without a will and the details of their lives are all over the news. There’s a fascination with seeing how those who have achieved a high degree of success, fortune and fame create an epic fail, when it comes to planning for their demise. We can’t all…
Read MoreRetirement Planning Doesn’t Stop with Retirement
Being retired requires you to become the Chief Financial Officer of your own life. You need to manage your income, including Social Security, distributions from retirement accounts and any other sources and oversee investments. Most people think of retirement as the time that they don’t have to make a lot of decisions or work very…
Read MoreHow to Make Sure You’re Remembered
How do you ensure that you’ll be remembered as time and generations continue after you’re gone? One way to create a legacy is through the use of life insurance. According to this article in MarketWatch, “5 ways to make a great impression after you’re dead,” life insurance is the Swiss Army knife of creating a…
Read MoreProceeds from Auction of Famed Playwright’s Collection to Benefit His Foundation
One of America’s legendary playwrights was also an avid art collector, who amassed an extraordinary art collection. Unlike many collectors, he lived with his art, and it filled his downtown New York City loft. The Edward Albee Foundation will be the beneficiary of proceeds from the sale of playwright Edward Albee’s museum-quality art collection, which…
Read MoreElder Abuse Law in Arizona Clarified by Supreme Court Ruling
The standard governing nursing home abuse suits is too restrictive, and runs contrary to the aims of state law, according to a recent decision from the Arizona Supreme Court. With a decision that dismantles a four-part test established in 2002, the Arizona Supreme Court has reversed and remanded a Pima County court’s granting of summary…
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