Unfortunately, a lot of people haven’t participated in any meaningful estate planning. Most will readily admit it is something they need to do, but they keep putting it off. Why? Here are some of the more common reasons why we procrastinate about estate planning—and some information that just might get you moving. It’s expensive. Granted, a lot of people don’t have extra money lying... Read more here: http://www.estateplanning.com/why-we-procrastinate-about-estate-planning/ … [Read more...] about Why We Procrastinate about Estate Planning
Most people start thinking about planning their estates when they reach retirement age. After all, the "normal" progression of life is to get out of school, get a job, get married, have kids, get your kids through college, retire, become grandparents, enjoy life…and then, after a long and fulfilling life, we know that we will eventually die. But we all know that real life rarely happens... Read more here: … [Read more...] about When Is The Best Time To Plan Your Estate?
There's no time like the present to make sure all your estate-planning ducks are in a row. For many people, the words "estate planning" may conjure up thoughts of large inheritances and tax shelters. But planning "isn't just about death and taxes; it's also about what happens if you get very sick and live," says G. Mark Shalloway, a West Palm Beach, Fla., attorney who specializes in elder law. Here's are the four estate-planning documents everyone needs: Read more. … [Read more...] about Four Estate-Planning Documents Everyone Should Have
This is the reality: Baby Boomers are getting unhitched at a somewhat alarming rate. Divorce can be devastating at almost any stage in life, but it can be downright disastrous to those preparing for or already in retirement. One of the results, though, is that many are remarrying later in life. And the complications that come with second and third marriages -- ex-spouses, stepchildren and retirement savings -- warrant special attention. "The divorce rate on second marriages is over 60%," says … [Read more...] about Remarrying in retirement?