We have all heard about estate planning. But many of us have misconceptions. We think “But, that’s for other people, right?” Wrong. Estate planning is for everyone. It is for the young and the old, the healthy, and the ill. In short, estate planning is life planning. Estate planning is for everyone. Even the young and healthy need estate planning to prepare for unexpected illness or injury by having powers of attorney and other plans in … [Read more...]
5 Estate Planning Moves to Make Before Year-End
As the year draws to a close, it’s time to take one final look at your finances and your estate plan. This will help you not only tie up any loose ends before December 31st but planning now will also help you start the new year off on a solid foundation. Here are a few year-end moves to consider making: ✅Update beneficiary designations - If you still have an ex-spouse listed on your life insurance or retirement accounts, or a loved one who has already passed away, you’ll want … [Read more...]
Estate Planning is for You, Not Just Your Parents or Grandparents
Often, people think estate planning is just for those who are elderly. While the elderly certainly need estate planning, estate planning is for anyone who cares what happens to them, their stuff, or their family. For someone who is young and healthy, estate planning may be the furthest thing from your mind but read on to see what happens when a young adult dies without an estate plan or finds him/herself in medical need from an accident or illness. … [Read more...]
Don’t Let your Child Head to College without This!
Soon, James and Erica will celebrate the graduation of their youngest child, Mia, from high school. This fall, Mia will head off to Louisiana State University to pursuit a degree in nursing. In addition to the typical list of items she'll take with her to college, Mia will be well prepared with the proper legal documents. What's that? You weren't aware that college-age children need legal documents? Well, they absolutely do because in the eyes of the law (if not their parents), … [Read more...]
You May be in a Bit of a Pickle!
As we get older so too do our parents. It’s a good idea to check they have their Will and Power of Attorney documents in place. If they don’t have these documents in place and they become incapacitated and can no longer make decisions for themselves, they and you may be in a bit of a pickle! #punny not funny, right?! It’s so much easier to put these documents in place now whilst they have the mental capacity to do so rather than be confronted by a mess that YOU may have to sort out … [Read more...]
