| Read Time: 2 minutes | Estate Planning

What To Do When A Family Member Dies?

When a person dies, and after his or her family members have dealt with their initial emotions, the real work begins, according to Kiplinger in the article “5 Things to Do the Moment a Loved One Passes Away.” If you know you are named as executor of the will, take these steps to be sure that the named beneficiaries receive as much...

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| Read Time: 4 minutes | Elder Abuse

Common Estate Planning Mistakes in Texas & How to Avoid Them

Poor estate documents can result in people unintentionally cutting loved ones out of inheritances, paying monstrous tax bills, and unnecessarily burdening loved ones with expensive, confusing legal battles. With the help of an experienced Texas estate planning attorney, estate planning mistakes are completely avoidable.  Kiplinger’s “10 Surprisingly Common Estate Planning Mistakes” gives us some no-no’s. Some you can probably...

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| Read Time: 2 minutes | Elder Law

Georgia Wants To Improve Long-Term Care And Prevent Elder Abuse

According to AARP, 65.5% of Georgia’s citizens will be part of the state’s aging population by 2030. As a result, people are looking at ways to improve long-term care and to prevent elder abuse. Georgia Governor Nathan Deal signed two bills in May to help protect senior citizens from abuse, neglect, and exploitation. The Albany Herald’s recent article, “Legislation should help...

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| Read Time: 2 minutes | Retirement Planning

How Do We Plan For Retirement As A Couple?

When you and your partner are at a certain point in your relationship, you need to get serious about your financial future. It’s best to work as a team. This is a great way to get on track more quickly and efficiently. Couples really benefit from a team mindset because it’s likely that when it comes to retirement, each...

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| Read Time: 2 minutes | Elder Law

Education A Big Factor For Later Retirees

There’s no magic formula for a prosperous retirement. However, following a few simple rules might help: save what you can, don’t spend more than your income, steer clear of debt, invest well and if you are lucky enough, have a job with a guaranteed pension or an employer match to your retirement accounts. Some people would rather retire later...

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| Read Time: 2 minutes | Retirement Planning

What’s The 4% Rule In Retirement?

Retirees often apply simplified rules of thumb to see how much to withdraw from their savings each year. What happens is that their assets continue to increase in retirement, and this increased wealth is passed along to beneficiaries. There’s nothing wrong with passing along more. However, what if there was a way to enjoy more of what you’ve saved?...

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| Read Time: 2 minutes | Asset Protection

When Is The Best Time For Me To Take Social Security?

Kiplinger’s recent article, “The Biggest Social Security Mistake You Can Make,” explains that the biggest Social Security mistake isn’t taking it too early. Individuals can claim their Social Security retirement benefits as early as age 62 (and get a reduced benefit) or wait and receive a larger benefit. At 70, the maximum benefit is reached, which is about 75% greater than the...

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| Read Time: 2 minutes | Probate

What Happens if a Parent Passes Without a Will?

A recent Wealth Advisor article asks a very practical question you may face someday: “Your Parent Didn’t Have A Will: What Should You Do Now?” For starters, the article advises you to make a diligent search for a will, when a parent passes away. That includes a look through your parent’s paper records and file cabinets. You should also speak with their good...

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| Read Time: 2 minutes | Power of Attorney

Paying For An Estate Planning Attorney Is Worth The Expense

Working with an elder law or estate planning attorney may be one of the best investments a person can make, reports nj.com in its article, “Why an estate planning attorney is worth the money.” You need to make sure that all of your documents are in order. This is not an easy thing to do on your own. With properly prepared estate planning...

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| Read Time: 2 minutes | Retirement Accounts

Should I Roll-Over My 401(K) At My New Job?

Many retirement savers changing jobs, simply transfer funds directly from their previous employer’s 401(k) into their new employer’s retirement plan. They do this with a quick phone call to the new plan administrator.  However, in some cases, that’s not always the best move. CNBC’s recent article, “New job? How to become a retirement-plan rollover champ,” explains that there’s no blanket answer for...

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