Questions to ask your parents
Have you done your estate planning…Wills, Trust, Power of Attorney for financial matters, Power of Attorney for Health Care? Where do you keep your original documents? Do you have a list of all of your bank accounts, investment accounts and retirement accounts? Have you designated who gets “specific gifts” (the things us kids will fight […]
When to review your estate plan
The family tree changes (marriages, births, deaths, divorce) Children turn 18 Starting a new business Changing jobs Entering Retirement Facing a serious illness Buying Life Insurance Moving out of California Purchasing real property or time shares Wanting to make charitable gifts Changing your mind about distributions Your Trustees/Executors/Guardians move away
Pay now or pay more later
I had a lengthy conversation with a financial adviser today. He was telling me about a family that had put off seeking the advice of an attorney several years ago, at the time of the Dad’s death, so as to save some money. Sadly, this family is now dealing with Mom’s dementia and they wish […]