When planning your estate, having advance directives can be helpful in making sure your medical and financial decisions are respected if you're unable to communicate them. To be effective, advance directives should be carefully prepared, taking into account key...
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Estate Planning
Do you have advance directives?
It's a situation no one wants to encounter. A loved one is in critical condition, and no one knows their wishes for medical treatment. Without advance directives, you place your family in a heartwrenching position, wondering if they're doing the right thing. What are...
What will happen to your social media accounts when you pass away?
Over the past 20 years or so, social media has become increasingly consequential and increasingly prevalent in American life. If you’re like most Americans, you spend considerable time on at least one social media account. As such, it’s important to consider what will...
What is the look back period for Medicaid planning?
Long-term care options are costly and aren’t covered by Medicare. Because of this, some people have to determine how they will pay for the care they need. One option is Medicaid, but this is a needs-based program that comes with strict income and asset limits. People...
2 key functions of a will
Most people have heard of wills. However, most people also don’t think that a will applies to their lives, at least not until they get older. Over half of the population is currently without a will. There are several reasons for this, but one reason could be that...
3 problems estate executors frequently encounter
When someone you love asks you to be the executor of their estate, that’s a great honor – but they’re also laying a big responsibility on your shoulders. Before you accept, think long and hard about what the job entails, because it’s a lot more complicated than most...
Understanding the Florida probate process
After a person dies, their estate goes through the probate process. This is the judicial process of administering the estate according to their will or state law if there is no will. As such, it is important to understand the probate process when planning your estate...
Is it time to start thinking about digital estate planning?
Nowadays, almost everyone has some form of digital presence, from email accounts to online document storage. This presence is often referred to as each individual’s “digital footprint.” However, many people overlook the importance of addressing their digital footprint...
Why you need to carefully consider who inherits your IRAs
For many Americans, particularly those who are middle age and older, a large percentage of their wealth is in individual retirement accounts (IRAs). They may be comprised of funds rolled over from employer-sponsored 401(k) plans as well as money they’ve contributed...
Avoid these mistakes when creating an estate plan
Estate planning is essential for almost all adults. It ensures your assets are distributed according to your wishes when you die. It also allows you to appoint individuals to make financial and medical decisions on your behalf if you cannot. With all the components...