Estate Planning
The Able Act Provides New Alternatives to Help With Disability Planning
The most expensive colleges are now over $65,000 per year. At the same time, student loan debt is over $1 trillion and escalating right along with the cost of college. Student loans, however, are not the only way families can borrow to help pay for college. The following is an overview of the 8 common types of loans used in education funding, followed by a bit of guidance to help you understand which loan(s) might be best for you and your child. 2015 Guide To FAFSA, CSS Profile, College Financial Aid And Expected Family Contribution (EFC)
End of Life Planning
The most expensive colleges are now over $65,000 per year. At the same time, student loan debt is over $1 trillion and escalating right along with the cost of college. Student loans, however, are not the only way families can borrow to help pay for college. The following is an overview of the 8 common types of loans used in education funding, followed by a bit of guidance to help you understand which loan(s) might be best for you and your child. 2015 Guide To FAFSA, CSS Profile, College Financial Aid And Expected Family Contribution (EFC)
Asset Protection Planning for Physicians
The most expensive colleges are now over $65,000 per year. At the same time, student loan debt is over $1 trillion and escalating right along with the cost of college. Student loans, however, are not the only way families can borrow to help pay for college. The following is an overview of the 8 common types of loans used in education funding, followed by a bit of guidance to help you understand which loan(s) might be best for you and your child. 2015 Guide To FAFSA, CSS Profile, College Financial Aid And Expected Family Contribution (EFC)
What Is It About Doctors And Asset Protection?
Several years ago, the head of the California Bar Association decried lawyer jokes as insensitive and an offense to an honorable profession. Lawyers themselves probably viewed that statement as a joke in itself. And, of course, the popular news media had a field day with the comment.
Divorcing Women – Know The Laws Affecting Your Beneficiary Designations
In an earlier post, I wrote about how important it is for a divorcing or recently divorced woman to update key documents so they accurately reflect her new status. A major part of that financial housekeeping involves revisiting the named beneficiaries on life insurance policies, retirement plans, annuities, TOD (transfer on death) bank and brokerage accounts, and any other instruments on which a beneficiary is designated.
Hidden Dangers With Aging Parents’ Financial Advisors
Many older investors have had a relationship with a broker-dealer for many years and have trusted that individual to help them. But as clients age, will that broker-dealer protect their interests? This is a real case, with names changed, showing how risky it can be to trust a long time broker who does not have a fiduciary duty to anyone, and in fact may not even adhere to a “suitability” standard of conduct for managing assets for an aging client.
Planning Ahead for Special Needs
Planning for family members with special needs can be overwhelming, especially when so many decisions may have lifelong consequences. Not only must parents untangle the intricacies associated with government programs, but they must also understand guardianships, legal documents and the like. Below are some tips for families beginning to plan for individuals with special needs:
Estate Planning Record Keeping Checklist
Once estate planning documents are in order, making sure the individuals that will be implementing your plan have all the necessary information to do so is an important step. Here is a top ten list of information to include in the records stashed in a safe location that is accessible to those who will need them:
Savings Products Deter Senior Fraud
Ken Osborne became vigilant about safeguarding his 81-year-old mother’s savings as her memory loss set in. She often failed to recall what she’d said during frequent, unsolicited phone calls from people prying into her personal life and financial affairs.
Courageous Daughter Fights To Protect Aging Dad From Financial Abuse
Robin is a middle aged working person who has a 98 year old father in declining health. He’s in a nursing home. She’s the one he appointed to take over for him as his appointed successor on this legal paperwork. She has a brother who has always been close to their Dad, but he has always been a moocher too.
