If you already have an estate plan, congratulations. However, do you remember where you put it? Does anyone but you know where it is? According to a recent article from The Press-Enterprise, “2023 checklist: How to organize your estate plan,” most people take their...
Recently we have heard of two individuals hindered by unexpected injuries. Actor Jeremy Renner suffered horrific injuries while helping a neighbor clear a driveway with his snowcat, and football player Damar Hamlin nearly lost his life on a football field....
An exemption is an amount of money or personal property that you may leave to another person without paying an estate tax on the transfer. If your estate exceeds the exemption level, you must file an estate tax return and pay taxes on any excess property. The...
The executor is usually a spouse, close family member or trusted friend. If no such person is available, a qualified compensated person can be appointed under state law, according to a recent article from The Street entitled “Top Duties of an Estate Executor and How...
Some of the challenging conditions that can affect our older loved ones are Alzheimer's and dementia, and many of us have witnessed someone who is experiencing memory loss fight to maintain their cognitive abilities. There are various steps we may take as individuals...
One reason to review your estate plan is to make sure people you’ve assigned roles to, like executor or guardian, are still living and willing to perform these tasks, according to the article “Five common estate planning mistakes to avoid” from the Idaho Press....
Research from the National Alliance for Caregiving (NAC) and AARP shows that more than 50 million Americans currently serve as unpaid caregivers. This number has increased by nearly 25% since 2015. Statistically, baby boomers and women take on the biggest caregiving...
Three big changes are coming to Social Security in 2023, and they may factor in your financial plan for the coming year. A recent article from The Motley Fool, “3 Changes to Social Security in 2023 You Probably Didn’t Know,” says checks are going to look a lot...
Socrates once said, "death is a very narrow theme, but it reaches a wide audience." Our inevitable demise is not something we like to think about; however, it's part of the human experience. As our lives evolve and change, so must our estate plans to...
You need a will to disperse your worldly goods and collected riches when you are nearing retirement or in your golden years. According to a recent Wausau Pilot & Review article titled "Why parents need the will to establish legal guardianship," you also need a...
The family was baffled. Not only was the will out of date, but it was also unsigned, and the person named as executor had died a decade before their mother died. During their mother's illness, they scrambled to find her paperwork and had no idea what her wishes were...
The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed away. But you might also have mixed emotions about your legacy for reasons related to the existing accounts or property you are inheriting....
