Financial & Estate Planning

You should prepare your children to handle the assets they’ll eventually inherit. One strategy is to have them meet with …More

The simplest, least expensive tactic for dealing with potential incapacity is to put some assets in joint ownership, with right …More

Our parents always preached to us to save for a rainy day. For federal employees facing a federal shutdown it …More

Revocable trusts, also known as living trusts, are increasingly popular. They can serve two main purposes: * Probate avoidance. Assets …More

Losing a loved one is an incredibly difficult and emotionally challenging experience. The pain and grief that accompany such a …More

Money is usually a topic that families avoid around the dinner table. Thus, it often is extremely difficult to introduce …More

In case you missed it, the IRS released updated guidelines regarding Required Minimum Distributions (RMD) from inherited retirement accounts. We …More

Life insurance may play a vital role in an estate plan because insurance proceeds can be counted on to provide …More

Chances are you’ve spent a certain amount of time on the creation of your will. You’ve discussed the provisions with …More

Life insurance may play a vital role in an estate plan because insurance proceeds can be counted on to provide …More

A power of attorney grants someone (the “agent”) authority to act on behalf of another party (the “principal”). A “durable” …More

After you retire, the pay will stop coming and while the annuity will start, it won’t be as large as …More

Properly organizing and storing your financial records can pay off for both yourself and for your survivors, on your death. …More

At any age, illness or injury may cause a catastrophic medical condition and the loss of a patient’s ability to …More

When you set up a trust, it’s a common to name a friend or family member as trustee. This is …More

Many relatively young retirees choose to start receiving Social Security benefits—assuming they are eligible for them—at the earliest possible age …More

If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. …More

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID) at the U.S. National Institutes of …More

A trust can be a vital component in an estate plan. What they offer: * Protection against possible incompetency. To …More

Due to physical or mental reasons or a combination, you may lose the ability to manage your own affairs as …More

Any trust created while the grantor is alive is a “living trust” but the term is often used to describe …More

When you’re developing an estate plan, avoid these common errors: * Don’t give away assets too soon. Youngsters may be …More

If you are concerned about inadequate income over a long retirement, you could consider investing in a variable annuity. * …More

When you draft your will, you should name an executor. It will be up to your executor to handle all …More

One form of benefit the government does not offer to its employees is short-term disability insurance. This type of insurance …More

If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. …More

You may lose the ability to manage your own affairs as you grow older. Therefore, it’s necessary to have an …More

There is no one “magic bullet” that will provide all-purpose asset protection. However, there some things that you should do …More

You should be confident that the assets you’ve accumulated during your lifetime will pass to chosen recipients, at your death. …More

You can execute a power of attorney authorizing someone (an “agent”) to act on behalf of you (the “principal”) to …More