Inheriting a retirement plan can be an unexpected windfall with the potential to significantly improve your financial health. But, beneficiary beware: retirement plans often come with a set of complex rules and regulations that, if not navigated properly, can put an...
When it comes to estate planning, there is no shortage of tools to help you achieve your goals, protect your family’s future, and secure your legacy. Most people are familiar with the essential, foundational estate planning tools—wills, trusts, powers of attorney,...
When Ron and Missy’s two oldest granddaughters got married, they could not have been more pleased. The two wedding days were to be among the happiest days in their life, and they wanted to do all they could to be a part of it. Ron and Missy very generously paid for...
When most people think about estate planning, they think about a last will and testament. And, yes, for many people, a will is the centerpiece of an estate plan, a chance to secure their legacy and pass their hard-earned assets down to their loved ones. But because...
When it comes to drawing up an estate plan, many people take a passive approach. They write out their will or set up a trust and leave it at that. But your life doesn’t stand still, and neither should your estate plan. The fact is that an estate plan is a living,...
When Mary’s mom, Irene, went into memory care, Mary needed to find a way to pay for her mother’s treatment. Everything seemed in order: Irene had money in her 401(k) and she had given Mary power of attorney in order to manage her affairs in case she could no longer do...
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