Category Archives: Estate Planning
Retirees, Brace Yourselves For Florida’s High Cost Of Living
Florida is so beautiful, and yet so full of dangers and pitfalls, that it would make sense for an emoji depicting the outline of Florida to mean, “Let the buyer beware.” You can build a mansion on dirt cheap land, but as soon as you snap selfies in front of your new stomping ground… Read More »
The Open-Faced Sandwich Generation
If you need proof that grandparents are the foundation of a family, look at any holiday gathering. The people who attend do so because they have a connection to the oldest members of the family. In multigenerational households, heritage languages survive as grandparents speak them and watch content streaming channels in them, so the… Read More »
Your Best Options For Avoiding A Miserable Retirement If You Don’t Have Savings
Whether Social Security checks provide enough income to sustain you in your retirement depends largely on how much money you have when you do not figure in your Social Security income. If you have a retirement pension, distributions from a 401(k) account, or both, and you and your spouse each get Social Security income,… Read More »
Long-Term Care Insurance Just Got Less Expensive For People Who Can Already Afford Long-Term Care Insurance
An employer-provided retirement account is your best protection against living hand to mouth once you stop working and start drawing Social Security income. If you have one, you are one of the lucky few. As prices have gotten higher, wages have not risen proportionally, and neither have Social Security payouts. Meanwhile, jobs that provide… Read More »
Don’t Call It Swedish Death Cleaning, But Decluttering Is An Important Step In Your Estate Plan
The clickbait mongers of the world would have you believe that in Sweden, where the grass is somehow always greener, even in the months of the year where the daylight hours do not amount to four hours, people are so much at peace with death that they clear their houses of clutter while they… Read More »
How To Disinherit Your Children
According to Florida law, the probate courts must follow the instructions in a legally valid will admitted to probate. Except for surviving spouses claiming an elective spousal share, disinherited family members cannot override the testator’s wishes except by proving that the will is legally invalid. This means that it is possible to disinherit your… Read More »
Can Your Irrevocable Trust Sell Your House?
Revocable trusts are great for indecisive people, but only irrevocable trusts are capable of conveying the full benefits of trusts while you are alive. When you establish a revocable trust, the property in the trust still legally belongs to you, and you are still responsible for paying taxes on it; a revocable trust only… Read More »
Letter Of Wishes: The Most Underrated Estate Planning Document
When you make your estate plan, your main motivations are love for your family and concern for their wellbeing. This is why you have frank discussions with your doctors about what might go wrong with your health in the future and what the treatment options are, and you list your instructions in a healthcare… Read More »
Life Is More Expensive For Single Seniors
In some ways, being single is awesome; every happily divorced person or confirmed bachelor will tell you this. There is no one to find fault with your taste in food or entertainment or your state of cleanliness. Despite this, loneliness is terrible for you. It is possible for unmarried people to be socially connected… Read More »
The Art Of Crashing Your Own Bucket List After Party
Estate planning, when you take it seriously, is an exercise in figuring out what matters the most to you and also in realizing how little control you have over what other people do, especially when you are no longer around to voice your displeasure or to dangle incentives in front of them. In your… Read More »
