Monthly Archives: July 2024
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Steeling Yourself for a Contest of Wills
Being the personal representative of a deceased family member’s estate is an unenviable task, whether you were the obvious choice all along, since you were the decedent’s only surviving close relative, or whether you stepped up and brought the estate of a family member who died intestate to court, or even if you were… Read More »
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An Effective Estate Plan Begins With a Health Care Power of Attorney
We have all heard the cliches about how family togetherness is more valuable than anything money can buy. The love, shared memories, and emotional support that you give your family mean more to them than any material things they can inherit. It is especially helpful to remind yourself of this in tough economic times… Read More »
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55 Plus Communities Carry Lots of Extra Fees and Offer Little in the Way of Cultural Diversity
The good news is that you have started your retirement in good health. You do not need long-term care, so there is no need to move to an assisted living community, even though healthy retirees should buy long-term care insurance in case the need for assisted living or nursing home care arises. The affliction… Read More »
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Should Retirees Keep Their Retirement Savings in 401(k) Accounts or Transfer Them to IRAs?
If you are puzzling over the decision of whether to keep your money in your employer-provided 401(k) account or move it to an individual retirement account (IRA) after you retire, count your blessings. This is a good problem to have. More than a third of American adults who work full time in the private… Read More »