Posts Tagged ‘beneficiary designations’
Money Magazine: Being There for your Partner Beyond your Lifetime
As a married couple, you have a responsibility to imagine the unthinkable with your spouse. It takes trust to talk about death with someone and relationships deepen as trust is granted.
READ MORE →Why Unmarried Couples Need Estate Planning the Most
If you have ever watched Judge Judy on TV, you may have heard the iconic judge tell couples who have been living together “without the benefit of marriage” that courts are not designed to handle the legal ramifications of “setting up shop” together. Yet it is happening more and more. For many reasons, older couples…
READ MORE →Summertime: Read This Before You Go On Vacation or Off to College
This Memorial Day, one of my clients was acknowledging a loss of her own (in addition to the loss of many brave men and women who fight for our country). It marked the 20th anniversary of the loss of her brother while away on vacation on the Colorado River in Laughlin, Nev. Despite the years,…
READ MORE →Happy Mother’s Day: Celebrate, then Plan
You’ve made brunch reservations and bought flowers. The kids have made a special card and you bought her favorite perfume or other special gift. Mother’s Day is special because Moms are special. What would we do without them? What would we do without them? Whether they have been Moms for 1 year or 41 years, their…
READ MORE →Summertime Means Travel, But Are You Really Prepared?
Summer Vacation is a family’s happy place. When mom says be sure to pack all the essentials and make sure you have thought of everything, I guarantee she probably didn’t mean Estate Planning. Yet, when you go to “Fly the Friendly Skies” or Road Trip to that amazing National Park, this added level of protection…
READ MORE →Pensions, Beneficiaries, and Rights of Survivorship
When it comes to protecting beneficiaries, financial planning gets detailed. I have a client whose husband spent a good part of his professional career at a “household name” company. He worked hard and made his way up the ladder to a mid-to-upper management level. He was then offered the ability to take part in a pension…
READ MORE →Probate Series (Part 2): 3 Common Ways to Avoid It
As with every aspect of your estate, Seiter Law strongly suggests that you contact an experienced estate attorney to discuss, your assets, the probate process and the laws in your state before trying to limit or avoid probate. That being said, in general these are the most common ways to avoid probate: Joint Tenancy With Right…
READ MORE →Protecting Your Special Needs Child
While many parents become experts at how their health insurance, government benefits and SSI work, they have no knowledge of medical directives and/or living wills and what those plans will do for the care of their special needs kids. Here are some basic guidelines to discuss with your Estate Planner: 1. Have your own…
READ MORE →Did You Know: Beneficiary Forms Override Estate Planning Docs
Did you know that any beneficiary forms you sign with a bank or other institution will override your carefully thought out, perfectly crafted estate planning docs? Generally, most companies have a benefit renewal period every 6-12 months. MANY start this process in November. But whether you do it at work, with your financial planner or…
READ MORE →