Blog

• What are Common Mistakes that People Make with Beneficiary Designations?

  August 21, 2022

  “[In politics] when A goes after B and there’s a C, and D and a Q all lined up there, you have no idea who’s going to be the beneficiary.” Mark Shields “Nobody’s going to do your life for you. You have to do it yourself, whether you’re rich or poor, out of money or […]

• Estate Plan for Blended Family

  August 06, 2022

  Estate Plan for Blended Family. There are several things that blended families need to consider when updating their estate plans, says The University Herald in the article “The Challenges and Complexities of Estate Planning for Blended Families.” Estate plans should be reviewed and updated, whenever there’s a major life event, like a divorce, marriage or […]

• Why You—and Everyone—Needs an Estate Plan

  July 28, 2022

  At its essence, estate planning is any decision you make concerning your property if you die, or if you become incapacitated. There are a number of things to keep in mind when creating an estate plan, says KTUU in the article “Estate planning dos and don’ts.” The first task is not what most people think. […]

• Blended Families Need More Thoughtful Estate Plans

  July 25, 2022

  Estate planning for blended families is like playing chess in three dimensions: even those who are very good at chess can struggle with so many moving parts in so many dimensions. Preparing an estate plan requires careful consideration of family dynamics, and those are multiplied in blended families. This is another reason why estate plans […]

• We Can Grow New Brain Cells Well Past Retirement Age

  July 23, 2022

  “You have power over your mind—not outside events. Realize this, and you will find strength.”—Marcus Aurelius. “The mind of man is capable of anything.” —Joseph Conrad. For many decades, people assumed cognitive decline was inevitable with advanced age. Medical experts said people stopped making new brain cells as adults, so when we lose cells through […]

• Can I Correct an IRA RMD Mistake?

  July 21, 2022

  It’s not uncommon for an individual to inaccurately calculate their required minimum distribution (RMD) for their account. Maybe you forgot that your brokerage firm divided the account in two and they didn’t tell you. This mistake may result in a person failing to withdraw the mandatory amount from an IRA. What can a person do […]

• Do I Need a Living Trust or a Will? Or Both?

  July 18, 2022

  “Tax planning is one element of estate planning, and in many estates is the least important factor. The larger issue is: Who will inherit and what will they inherit?” First National Trust Update April 2015. “A man of 70 need not be always feeling, much less talking, about his approaching death, but a wise man […]

• Life Insurance in My Estate Plan?

  July 16, 2022

  You’re not alone if you don’t fully understand the value and benefits that life insurance can give you as part of a retirement plan. Kiplinger’s recent article, “Don’t Overlook Advantages of Making Insurance Part of Your Retirement Plan,” says many folks see life insurance as a way to protect a family from the loss of […]

• Do I Need an Attorney to Get a Divorce?

  July 14, 2022

  For many, divorce is one of the most stressful and unpleasant times in their lives. For others, it’s simply a confusing and inconvenient hurdle to get through. Whichever situation applies to you, you probably want to get things moving along as quickly and as smoothly as possible after making the decision to end your marriage. […]

• What Expenses Can Be Paid from a Special Needs Trust?

  July 13, 2022

  Special needs trusts are an important part of estate planning. They are sometimes called supplemental needs trusts. They provide families with a safe, secure, and protected way to ensure the long-term care and financial well-being of their children or other loved ones with special needs. Unfortunately, issues can arise and conflicts can emerge where Special […]

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