Estate planning is an important task for every individual regardless of how old you are or how much wealth you have. It allows you to prepare for taxes, probate and your loved ones' care after your passing. However, it has the potential to be complex. The number of...
Estate Planning
Frequently asked questions regarding writing a will
A will is a legal document that allows you to specify how you want your assets handled in the event of your death. Many people leave their wills in the hands of a close relative or friend. Here are a few of the most frequently asked questions among older people...
What do you know about choosing the right executor?
As part of planning your estate, you must name an executor, a person selected to administrate your estate. While you understand the importance of the role, you do not know whom to choose for it. CNBC shares tips for selecting your estate's executor. Get insights on...
Is your elderly relative being taken advantage of financially?
As your elderly relatives get older, they are going to require a certain level of care. At the very least, you might need to keep an eye on them to ensure that they are safe and healthy. Unfortunately, some people opt to target elderly people because they view them as...
What is a pet trust?
The law regards pets as property and does not allow them to inherit money from owners. Nevertheless, your pets are completely dependent on you for their survival. As a pet owner, you have a responsibility to provide for them in the event that you predecease them or...
Supporting an elder relative with the estate planning process
It is not always easy to approach elderly relatives about their estate planning needs. However, it is a discussion that needs to be had. Failing to capture a person’s final wishes regarding their estate can have lasting consequences on the family. How you approach...
When should you change your health care proxy?
Even if you have enjoyed good health throughout most or all of your life, you may eventually become incapable of communicating your health care wishes to doctors and other caregivers. According to the New York State Department of Health, your incapacitation may be due...
