Every year, you should look at your overall financial picture while you begin to gather your documents and materials for filing your taxes. Completing these two tasks earlier on in the year often amounts to better tax efficiency. Working with your financial advisor, any other financial team members like your CPA, and your estate planning… Read More »
Posts Categorized: Finances
How To Do an End of Year Insurance and Estate Planning Check
The end of the year is the perfect time to tap into that resolutions energy and get your financial plan in order. If it’s been some time since you reviewed your documents and your overall financial strategy or estate plan, now is the perfect opportunity to do it. Reviewing Your Estate Plan Meeting with an… Read More »
Money Management Issues Associated with Alzheimer’s
While the condition of Alzheimer’s might take a different path for each person who is diagnosed with it, as a loved one of someone who is suffering, you should be prepared to know what to expect. As a Massachusetts elder lawyer can tell you, there’s a lot to think about when a family member’s cognitive… Read More »
Study Discovers Impacts of Pandemic and Retirement Saving on Women
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 »
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 »