Tag: Estate Planning

5 Things Blended Family Spouses Should Discuss Before Marriage

Spouses who get remarried and create blended families face a number of unique challenges, including financial issues. Failure to talk about these challenges openly and honestly and plan for how to deal with them may lead to some serious family problems down the road. Therefore, it’s often a good idea to sit down with your […]

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The Potential Role of Annuities in Your Financial Plan

Annuities can sometimes be beneficial financial products, in the right circumstances. With a clear understanding of what annuities are and how they work, you can better determine whether or not an annuity could help you meet some of your financial goals. An annuity is a type of insurance contract into which you invest money today […]

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Do You Have a Living Will? The Importance of Your Advanced Healthcare Directive

You have probably heard about the importance of creating a last will and testament so your possessions are distributed according to your wishes after you die. But there’s another kind of will many people aren’t familiar with that’s just as important, if not more so. We’re talking about a living will. Unlike a last will […]

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Succession Planning Strategies for Family-Owned Businesses

Succession planning can be difficult for any business owner, but it’s often especially hard in family businesses. Sometimes, owners will put off succession planning for fear of disrupting family unity. For example, if one child is the heir apparent to take over leadership when you retire, you might be worried about hurting your other children’s […]

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Should You Purchase Long-term Care Insurance?

Should You Purchase Long-term Care Insurance? Like many affluent Americans, you probably contribute regularly to one or more retirement savings accounts in order to build a nest egg for a financially secure retirement. But there’s at least one thing that could derail your carefully constructed retirement plans: an inability to care for yourself later in […]

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Why Estate Planning Is Important Regardless of Your Age

Many young couples and families are under the impression that estate planning doesn’t apply to them. They think that only middle-aged or older people with significant assets need to plan their estates. However, nothing could be further from the truth. Estate planning doesn’t have anything to do with age or how much money or other […]

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Not in the Family: When Should You Name a Corporate Trustee?

If your estate plan utilizes trusts to manage the distribution of property and other assets to your heirs, then you have a very important decision to make: Who will be your trustee? You have two main options when naming a trustee: You can designate an individual — such as a family member, friend or business […]

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How to Get Creative With Life Insurance

When they hear the term “life insurance,” people usually think of an insurance policy that will provide financial protection for their family when they die. But life insurance can also be used in creative ways to accomplish other financial goals beyond just providing your loved ones with a death benefit. When used strategically, life insurance […]

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Choosing the Right Social Security Distribution Strategy

Every day, approximately 8,000 Americans turn 65 years old, which is the traditional retirement age. One of the many decisions facing 65-year-olds is when should they start receiving their Social Security retirement benefits. It’s not as simple as opting to receive Social Security starting on your 65th birthday. In face, there’s a lot of flexibility […]

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How to Deal With Market Volatility

“What goes up, must come down … Spinning wheel, got to go round” The lyrics of this classic Blood, Sweat & Tears song from 1968 could very well describe the day-to-day volatility of the financial markets. One day the markets are up, and the next day they’re down. Then they’re up again, then down again, […]

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