Estate Planning

Financial Literacy in Working Women Improves While Knowledge Gap Persists for Female Retirees and Widows

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Recent studies reveal that financial capability among working women is improving, but closing the financial literacy gap has a long way to go as it relates to retired women and older widows. Women will be alone and in charge of themselves for a long period of time. But statistics show that women probably don’t have an estate planning attorney, CPA, or financial planner on their personal team of professionals to help them along the way.

Financial advisors and estate planning practitioners ...

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Coping with an Unexpected Death in Your Home

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Death often comes without warning. Returning home to find that a loved one has passed away unexpectedly can be traumatizing and leave you in a state of shock and disbelief. Your ability to think clearly is compromised as stress levels rise, and stress affects your ability to make quick decisions. Confusion sets in. You panic. What should you do? Who should you call first?

While it may seem unusual, our firm has received calls from distraught and bewildered clients seeking guidance ...

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Who Will Raise My Children if I Die Without Naming a Guardian?

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For parents, the summer months are a welcome change in routine. Families go on vacation, children enjoy day camp, and grandparents are excited to give busy parents a much-needed break. Although summer provides a time to relax and enjoy family activities, it’s also the ideal time for parents to ask themselves, “Who will raise our children if something happened to us?”

Each year, National Parents’ Day occurs on the fourth Sunday in July and serves as a reminder of what it ...

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Who Will Inherit Prince’s $150 Million Estate?

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According to TMZ.com, Prince died without a Last Will and Testament.  If true, this means that Prince died “intestate.”Oh, U Got the Look  – stop judging.  The majority of Americans age 55 to 64 don’t have wills.  However, the majority of Americans aren’t worth Prince’s estimated $150 million.  Who will inherit Prince’s Raspberry Beret  and everything else?

Unfortunately, choosing not to act and failing to work with a lawyer to create an estate plan is essentially a choice to allow state law to ...

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If an Estate Plan Were a Car: Understanding Will-Based vs. Trust-Based Planning

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Wills and Trusts

If you’re looking for an attorney for a will or trust, and are confused about the differences between a will-based estate plan and a trust-based estate plan, you’re not alone. Your Caring Law Firm handles both wills and trusts, and can help you decide whether a will or trust based estate plan is best for you.

According to a recent informal survey we conducted of a group ...

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My Wishes, My Way – Steps to Ensure Your Advance Directives Are Honored

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It happens too often. A health care emergency occurs; panic ensues, and the patient’s end-of-life wishes take a back seat to established protocols to extend life. Failing to honor a patient’s advance directives can increase the individual’s discomfort and prolong the dying process – the opposite of what the patient wanted.

As professional advisors, we understand how strongly our clients want their advance directives to be honored. That’s why we remind individuals of all ages – from young adults age 18 ...

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Six Tips to Start Your Financial Goal-Setting

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The month of January generates a steady stream of news articles and broadcast messaging about financial goal-setting. To cut down on the overwhelming clutter we’ve compiled a series of tools, tips, and resources to support your financial wellness efforts.

Has the recent stock market volatility left you wondering if you have to adjust your spending to meet your financial obligations?  Are you worried if your retirement savings or withdrawal strategy is enough?  Are you confused about where to ...

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Planning for Incapacity and Minimizing Allegations of Undue Influence

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If you have an aging loved one who is beginning to show signs of cognitive impairment, National Alzheimer’s Awareness Month is the perfect time to explore whether his/her estate planning documents are in order.

Each year at this time we like to remind our “more senior clients” and their family members how critical it is to ensure that one’s legal documents are up to date prior to the onset of cognitive decline.

Executing estate planning documents while one has full legal capacity ...

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Lattes vs. Life Insurance: Do Millennials Really Have to Choose?

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Life insurance plays a key role in achieving one’s estate planning goals. We recommend a three-pronged approach in convincing Millennials that life insurance has relevance to their lives.

Lattes vs. Life Insurance: Do Millennials Really Have to Choose?
Posted on: September 22nd, 2015
By Mary Merrell Bailey, Esq.

This month marks the 12th anniversary of Life Insurance Awareness Month.  For more than 200 years, life insurance has created a financial safety net for families when the unexpected happens.

With September well underway, ...

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