Focus on Estate Planning: Review Your Plan Regularly to Steer Clear of These Planning Pitfalls
The term “estate planning” means different things to different people at different stages of life. Estate planning should encompass an entire adult lifetime of saving, planning, preparing, and insuring, all with the goal of finishing life well and passing your legacy along...
High Profile Estate Battle Reveals a Growing Crisis in Estate Planning
Last year the news was filled with stories of the decline and eventual death of music legend Casey Kasem. Sadly, what really attracted the attention of most of us wasn’t the story of Kasem’s influential career in pop music, but the unseemly fight over his care and his estate...
Reuters Report: Death of Prince Prompts Renewed Interest in Wills
Whenever a celebrity dies, there’s always a ripple effect. The death of Casey Kasem prompted increased interest in issues of health care directives, guardianship and end of life planning. The death of Michael Jackson shed new light on the abuse of prescription drugs. Now,...
If You’re About to Re-Marry, Here are Four Money Moves to Make Now
Are you about to embark on a second marriage? Congratulations! It’s wonderful to rediscover wedded bliss after divorce or the loss of a spouse.
However, in the midst of planning for the celebration, there’s another plan you need to make – a financial plan. Protecting your...
Part of Your Financial Plan: Remember to Update Your Beneficiaries!
Here’s a question: if you’ve made it clear in your will which one of your heirs should inherit money from your estate, how it is possible those funds will end up going to someone else?
The answer is simple: if you’ve forgotten to update the beneficiary information on a life...
Avoid Casey Kasem’s Tragic Fate With Proper Planning, Open Discussion
The death of “America’s DJ” Casey Kasem in 2014 may seem like old news. But the issues raised by the tawdry controversy surrounding Kasem’s passing from side effects of debilitating dementia still reverberate. As we tell our clients frequently, and explain to our radio...
To Avoid Fights Over Your Inheritance, a Will May Not Be Enough
You’ve prepared a Last Will and Testament to make certain your inheritance goes to your heirs in accordance with your wishes. So you think that you’ve done enough to avoid family squabbles over your estate, right? Maybe – but maybe not.
According to estate planning experts,...
SMART MONEY MOVES TO MAKE BEFORE A SECOND MARRIAGE
Are you about to embark on a second marriage? Congratulations! It’s wonderful to rediscover wedded bliss after divorce or the loss of a spouse.
However, in the midst of planning for the celebration, there’s another plan you need to make – a financial plan. Protecting your...
More than a third of all millionaires trust that dying without an estate plan will not hurt their families
At what point do you think you’d finally reach the point where you thought having a Will or other end-of-life legal documents was an important part of your planning? Would you say that if you had a million dollars that you would for sure make sure to have documents outlining...
Does your college-bound child need an estate plan?
Most people wouldn’t necessarily think of their 18 year old child as an adult but in the eyes of the law, with few exceptions, he or she is. A handful of states require graduation from high school or reaching 19 years of age. Mississippi doesn’t consider someone fully adult...
