Treating everyone equally in estate planning can get complicated, even with the best of intentions. What if a family wants to leave their home to their daughter, who lives locally, but wants to be sure that their son, who lives far away, receives his fair share of their estate? It takes some planning, says the
It’s Better to Plan Ahead. Two stories of two people who managed their personal lives very differently illustrate the enormous difference that can happen for those who refuse to prepare themselves and their families for the events that often accompany aging. As an article from Sedona Red Rock News titled “Plan ahead in case of
“yours is the light by which my spirit’s born:yours is the darkness of my soul’s return—you are my sun, my moon, and all my stars” E.E. Cummings “The best thing to hold onto in life is each other.” Audrey Hepburn Investopedia recently published an article, “Prenup vs. Postnup: How Are They Different?” It explains that
Inheritance now what? Inheriting money puts a whole new spin on your outlook on money, says The Kansas City Star in its article “Coming into some money? Be wise with it.” Should you pay off your debts first, if you have any? Make a list of your debt balances and their interest rates. If the
If you’re a busy mom or dad; are committed to long hours at work or have a successful career, maybe a real estate developer or a physician, you’re too busy to think about retirement. However, just like you had to prepare for your current position, you need to prepare for your life after you stop
You probably already know that a lack of sleep can make it hard to concentrate and make you irritable, but did you know how much sleep is ideal? Finding that perfect sweet spot between not enough sleep and too much sleep is important for all ages, particularly as we age. Studies have shown a link
“[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. 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
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.
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
