A recent study has found that many women have been severely impacted by the pandemic. However, investment levels for female investors contributing to their workplace retirement accounts increased dramatically and hit record levels in the last quarter of 2020. In fact, the average 401(k) savings rate for women in the last quarter of the year… Read More »
Posts Categorized: Finances
Do You Have Loose Ends with Your Estate Plan?
It is crucial to protect your finances, your family and yourself with a well drafted estate plan. Although it is advised that everyone over the age of 18 have a will that is properly drafted, fewer than one third of Americans actually have an estate plan in place. The event of your unexpected passing can… Read More »
What Professionals Do I Need to Meet with In Creating My Estate Plan?
Tax and financial matters in planning your estate can become increasingly complex especially as you get older or accumulate more wealth. Certain professionals will offer the expertise, skills and support to help you create estate plans and it goes beyond having a relationship with an estate planning attorney. Some of the professionals that you’ll need… Read More »
Should You Discuss Financial or Estate Concerns with Your Family?
It can be difficult to have conversations around money with your family but the recent pandemic might have already highlighted this within your own family in giving you a roadmap for how to proceed. Having these more intimate financial discussions can help clear up areas of confusion and when done properly, can bring your family… Read More »
Be Aware of the Dangers of Financial Exploitation with an Alzheimer’s Patient
Unfortunately, older adults in the United States are especially susceptible to scams and financial exploitation. They are often targeted with a variety of different types of fraud all designed to take away the financial resources that person has accumulated over the course of their lives. As you plan to adjust your life or the care… Read More »
How Can Alzheimer’s Impact Your Legal Capacity?
Realizing that a loved one has developed Alzheimer’s often sends shockwaves throughout the family. There are many unique issues that need to be addressed, from daily care to whether or not the condition will progress quickly. An often-overlooked aspect is how to handle estate planning documents when your loved one still has some legal capacity… Read More »
Use the Upcoming Holiday Season to Ensure Your Estate Plan is Up to Date
It’s easy to get caught up in the whirlwind of planning through Thanksgiving and other holidays while missing out on the opportunity to update your estate plan. If one of your New Year’s resolutions isn’t to analyze your current estate planning documents and strategies, consider adding that to the list or accomplishing this goal before… Read More »
Do You Have Your Most Important Papers Protected?
The news has been filled with plenty of stories about devastating and tragic events that have forced people out of their homes suddenly. This is why it’s so important for everyone to have a plan for how they will access their important documents and information if they are suddenly forced out of the home and… Read More »
Dementia and Estate Planning Basics: How Can I Help as a Caregiver?
Know the limits of estate and financial planning for dementia. Also, often when a person or family member visits the offices of an estate planning attorney to talk issues related to dementia, the person in questioned condition might have already elevated to the point where it is impossible for estate planning to address all of… Read More »
What Happens to Debts After Death?
Are you concerned about what will happen to any debts you have in your name when you pass away? Settling the affairs of someone who recently passed away can be very difficult because important financial decisions must be made sooner rather than later. These decisions often have to do with whether or not to repay… Read More »