Get Mom and Dad a Password Manager
Ever heard the phrase, “a chain is only as strong as its weakest link?” The same goes for a financial portfolio: It’s only as safe as the password that protects it.
Why Do You Need a Will?
A recent survey estimated that 68% of people die without a will. The consequences of dying without a will (‘intestate’) can be disastrous.
What Happens If You Become Incapacitated?
Many people ask what would happen if they were in the hospital and unable to make their own medical decisions? The answer depends on whether you planned ahead.
Did Monkee Mike Nesmith Have More Than One Will?
There was more than one will written by musician and music video pioneer Michael Nesmith, who came to fame in the 1960s as one of The Monkees rock group and died at his Carmel Valley home on Dec. 10, 2021.
Half of Americans Making More than $100K Need a Will
Among those who do not have an estate plan, 63% said that they have considered creating one in the past and 46% said they do not know how to start.
Can You Inherit a House with a Mortgage?
Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.
Can I Protect My Inheritance from Divorce?
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
Non-Probate Assets are Not Part of the Estate
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
How to Know If a Last Will Is Invalid
When considering whether to contest a decedent’s Last Will and Testament, an individual should consider whether red flags might be present which may point to a successful basis to challenge a disputed Will.
What Do I Need to Know About Long-Term Care Insurance?
Long-term care insurance covers expensive nursing care needs. However, is it a good investment? Here’s what experts say about what you should take into account.