As more people call themselves “citizens of the world,” there are an increasing number of Americans with assets in other countries. This makes estate planning a bit more complex. Structuring how assets are owned in foreign countries needs to be…
The problem with mistakes to an estate plan, is that many are irreversible and cannot be fixed. Those that can be fixed are often expensive. It is best to do it right the first time. Many of the top reasons…
Accidents and injuries occur all the time. That’s why every adult needs a power of attorney, in the same way that everyone needs a will. A power of attorney lets you name a person who can step in to conduct…
Long-term care insurance was sold aggressively in the 1980s, 90s and thereafter to offset the costs of seniors needing to live in a nursing home, assisted living or needing at home health care. Now, however, the business of long term…
Welcoming a new pet into the home, is always a happy occasion. Planning for a furry friend’s life after its owner has passed, is as important as any other aspect of pet care. It’s interesting that so many Americans still…
Widowed or divorced seniors who decide to remarry late in life, need to understand that this may make a big change in their Social Security benefits. They also need to review their estate plan. Marital status is part of the…
When most people in their 50s don’t have a will, it’s no surprise that people in their 20s and 30s don’t think they need a will. However, they do, especially if they have small children. Most of us live for…
A new role has been created in estate planning to serve a new type of asset. The electronic estate trustee is charged with overseeing your digital assets. Most wills do not include provisions concerning digital assets, as reported in the…
No one likes to consider their own death, or that of a loved one. But imagine having to cope with grief and loss at the same time that you have to tackle settling an estate, when there’s no plan in…
Being able to talk with your family about your estate plan is not easy, since the underlying subtext—your own eventual death—is difficult for parents and adult children. However, by having these frank discussions, you eliminate stress and often, promote a…