April = National Financial Literacy Month
As we all know, the month of April is more commonly known for its showers. In the finance world, however, it’s also known as National Financial Literacy Month! It’s a month dedicated to alert, educate, motivate and assist the public to cost-effectively establish and keep their financial and estate plans up-to-date, according to www.estateplanning.com. They […]
Estate Planning, Debt and Bankruptcy. Oh my!
Debt—most people have some sort of debt. That goes without saying some have more than others. Either way, it’s inevitable. What about bankruptcy? It’s certainly more common than you may think, and for several people it’s the best option. You’re probably wondering how do these factor in when you begin your estate planning? Unfortunate events […]
Around the Web – 5 Long-Term Care Planning Lessons From ‘Willy Wonka And The Chocolate Factory’
Below is an article that we’ve found to be very helpful and informative regarding 5 key points on how we can learn about long-term care from Willy Wonka And The Chocolate Factory. Click here to view the original article. Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration […]
Legal Planning Tips for Those Dealing with Alzheimer’s
As if estate planning wasn’t stressful enough, preparing for a loved one with Alzheimer’s or dementia can be an exhausting process for everyone involved. Below are links that have been provided for you to make sure all of your bases (and your loved one’s) are covered for a less stressful and smooth planning. To briefly […]
Special Needs Families: Stay clear of these financial planning mistakes
Just like any other type of financial planning, it can be a bit stressful. However, when you have the right person handling your specific planning need, it has a higher chance of running smoothly. Mike Walther, founder of Oak Wealth Advisors LLC, assists families in implementing comprehensive plans for their loved ones with special needs. […]
New Year, Early [Family Estate] Planning
The end of 2016 is coming up quickly, and usually everyone gets out their pen and paper to jot down their list of resolutions for the New Year. Usually the list consists of weight loss, better organizing, volunteer more, etc. But notice this New Year’s Resolution list isn’t made any sooner; it’s made a few […]
Check Your List, and Check It Twice
“He said, she said.” “It’s your word against mine.” “But he said…” These commonly said phrases don’t have much ground to stand on, do they? It’s common that very important things get overlooked when serious actions are taking place. In this article we found, a father and his two daughters were going over financial arrangements […]
Around the web: Remarrying? Update your estate plan
First and foremost, estate planning should be on everyone’s list of priorities. And yes, even for young adults. It’s always best to be prepared for anything on a scale from the “not-so-bad” to the “absolute worst.” Either way — think ahead. Those of you that have remarried: have you thought about readdressing your estate plan […]
“In your 30s, finances get real”
Sarah Michaelson wrote over at Business Insider, “I remember putting money into a 401(k) in my 20s, and retirement was an abstraction: a far-away land that I would reach in another lifetime.” We see a lot of it among younger workers; the word retirement isn’t in the vocabulary, or if it is, it’s an abstract notion of […]
Why create a revocable or irrevocable trust?
If you’ve done any sort of research about estate planning, you’ve likely come across the term “revocable trust.” It’s a common tactic lawyers such as ourselves recommend to help avoid unnecessary taxes and keep processes simpler upon a person’s passing. But if you don’t understand what it is, it can be confusing. So here’s a […]