The most targeted group for financial fraud is elderly individuals but studies show that they are also the least concerned about being scammed. Millions of older Americans have worked extremely hard to contribute to their retirement funds and this makes them top targets for financial scams. A 2021 retirement risk readiness study conducted by Allianz […]

Approaching the new year gives people plenty of opportunities to set resolutions for the 12 months ahead, but a great financial plan and ongoing financial strategy to support your personal goals and your estate plan is about more than a one-time commitment. It’s an ongoing area of focus. Designate January as a month that you […]

A transfer on death bank account is one way to provide assets relatively quickly to your loved ones after you pass away because your passing enables them to get access to these assets immediately. Most people establish a transfer on death bank account specifically for the purposes of a spouse or a child. However, many […]

When you create a retirement plan, you’ll need to establish beneficiaries for those assets when you pass away. These beneficiary designation forms are handled outside of the rest of your probated estate, meaning that the forms you have on file with your company will be used when you pass away regardless of what it says […]

It might initially make sense to you that leaving behind instructions for your loved ones when it comes to your funeral plans with your will is an easy way to keep like-minded topics together. However, in the heat of the moment it is unlikely that your loved ones will be able to find this important […]

A transfer on death deed is a powerful tool for real estate planning purposes that allows your chosen beneficiary to receive access to a piece of land or real estate when you pass away without going through probate. Transfer on death deeds let the property avoid probate but do not necessarily provide additional protections and […]

A recent study identified that younger people have recognized the value of estate planning largely due to the impacts of the pandemic. If you or someone you know has not yet undertaken estate planning, now is a great time to consult with an experienced and knowledgeable lawyer about the next steps. This recent study was […]

A payable on death bank account is one way to enable someone to receive quick access to a bank account when you pass away. It is easier to do than many other forms of estate planning since it often requires the completion of a simple form with your bank directly, however, there are some potential […]

Owning a family business gives an excellent opportunity to pass on wealth to future generations, but this is only possible when you have a clear business succession plan created and implemented in advance. Many business owners rethought their decisions about their succession plan and retirement in the light of covid. Many of them were confronting […]

A recent research study indicates that generation X does not have the same amount of retirement preparedness as baby boomers. This is especially concerning given that Gen X members will have to rely more on their own savings when it comes to retirement security overall. The Employee Benefit Research Institute found that Gen X families […]