When you are going through life as a healthy adult it can be difficult to wrap your head around a period of time preceding your death when you may not be able to make your own decisions. There are those who recognize the fact that it is possible but they assume that it is unlikely. The facts tell a different tale. According to the Alzheimer's Association one out of every eight people who reach the age of 65 are suffering from Alzheimer's disease. As you get older it becomes … [Read more...] about Who Will Handle Your Affairs?
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Anatomy Of An Estate Plan
Some people hear about the concept of comprehensive estate planning and they are not sure about what this entails. Depending on the size and scope of your assets and the exact nature of your intentions, the specific details are going to vary family to family. But there are some basic rudiments that comprise the anatomy of the modern estate plan, and we would like to take a look at them here. Asset Transfers The first thing that is going to come to your mind when you're planning … [Read more...] about Anatomy Of An Estate Plan
Estate Tax Parameters: Looking Ahead
Perhaps the most important matter to consider that is outside of your control when you are planning your estate is possible exposure to the federal estate tax. One of the reasons why there are a lot of people who do not think that the estate tax is fair is because of the fact that everyone is not required to pay it. If it is so necessary for the functioning of the government, why is it selectively imposed? And how can you fairly create an exemption amount and then change it on an … [Read more...] about Estate Tax Parameters: Looking Ahead
Avoid Misconceptions Regarding Estate Planning
There are certain misconceptions floating around with regard to estate planning that should be debunked. When you act, or fail to act, due to bad or inaccurate information you can often put yourself and your family in a bad situation. With this in mind let's take a look at a few of the myths that are out there. One of them regards the estate tax. Some people are under the impression that they don't have to worry about it because they're not rich and this is a tax that is … [Read more...] about Avoid Misconceptions Regarding Estate Planning
Estate Planning: Explain Your Wishes To Your Family
There are those who like to keep their financial affairs close to their vests, and many of them have good reasons for doing so and of course this is a personal matter. However, when you are engaged in inheritance planning you may want to reconsider some long held convictions in this regard. There may come a time to open up a bit in an effort to make sure that your loved ones are on the same page after you pass away. The first consideration is going to be avoidance of challenges to your … [Read more...] about Estate Planning: Explain Your Wishes To Your Family
Davis Inheritance Plan For The Raiders
If you have been a fan of NFL football for a while you are well aware of the impact that Oakland Raiders owner Al Davis had on the sport. Davis became the owner of the team in 1970 and guided the franchise to four AFC Championships and a trio of Super Bowl triumphs. He worked with legendary coach John Madden and watched superstars such as Fred Biletnikoff, Daryle Lamonica, George Blanda, Jim Plunkett, Marcus Allen, Lester Hayes, and Art Shell carve out iconic careers. Al Davis … [Read more...] about Davis Inheritance Plan For The Raiders
A Legacy Of Wisdom
Depending on just how seriously you take your legacy, there can be a lot more to estate planning than just preparing your assets for eventual transfer to your heirs. When you sit back and ruminate with regard to your life's path you may find it to be relatively easy to come to terms with your own mortality. The thing that bothers a lot of people more than anything else is the fact that they will no longer be around to counsel their loved ones. Without question, financial resources … [Read more...] about A Legacy Of Wisdom
Social Security COLA On The Way For Seniors
When you analyze the reasons why such a high percentage of people have not made any retirement plans you have to assume that many of them have overly optimistic expectations regarding Social Security. This program is intended to be a safety net that can supplement your retirement income, but it is not an end-all in and of itself. A recently conducted poll of baby boomers who are nearing retirement age found that most of the respondents were going to be relying on Social Security to make … [Read more...] about Social Security COLA On The Way For Seniors
Cuts To Medicaid May Be In The Offing
Many people have no idea how much long-term care costs or how likely it is that they're going to need it. This is a matter that is swept under the carpet because for one thing many individuals simply don't want to go there mentally, and when you're elder years are a long way off the subject may not seem relevant. But in reality it is a matter that you may want to take into consideration as soon as possible, because the expenses are considerable, most people will need care, and … [Read more...] about Cuts To Medicaid May Be In The Offing
Pay On Death Accounts For Probate Avoidance
"Probate avoidance" is a term that you will hear often when you begin to do some research into the subject of estate planning. If you have no idea what probate is let alone why you would want to avoid it let's start by providing a brief explanation. Probate is a legal process that takes place under the auspices of the probate or surrogate court. The court is responsible for determining whether or not the last will that is presented is in fact valid. If it is, the probate … [Read more...] about Pay On Death Accounts For Probate Avoidance
