Do you need a Will (Last Will and Testament) or Revocable Living Trust? How do you choose? Are you interested in a will or revocable living trust? Wills and trusts are useful estate planning tools. They serve different purposes and can even work really well together. First, let’s go over key differences between wills and […]
About Myrna Serrano Setty
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Do you have a revocable living trust? Will your family have to go to court and lose their valuable privacy? Whether you own a little or a lot, you need to be careful with your revocable living trust. Do you have a revocable living trust as part of your estate planning? A solid estate plan […]
Do you have a beneficiaries in your Last Will and Testament, Life Insurance and Retirement Accounts? Here are some important things you need to know. Beneficiaries of a Last Will and Testament have to wait. First, you use a Will (Last Will and Testament) to give assets to your beneficiaries, your beneficiaries don’t inherit automatically. […]
How can we help seniors manage their finances? With these tips, seniors can manage their finances better. And if they ever need help, they can shift their financial management to someone they can trust. 1. Use direct deposit. First, use direct deposit for income form pensions, annuities, and Social Security benefits. Not only will this […]
Life insurance is an important part of estate planning and taking care of the people you love after you pass away. Here are some common mistakes that you should avoid. 1. Not naming a beneficiary Too many people forget to name a beneficiary or backup beneficiaries. Those mistakes can result in your life insurance proceeds […]
“How lucky I am to have something that makes saying goodbye so hard.” – Winnie the Pooh We stood in a family huddle, crying in the driveway. We had just lost our beloved dog Buddha, age 14. My husband adopted him from an animal shelter in NC about a year before we got married. Buddha […]
Part 2: Use Estate Planning to Avoid Adult Guardianship and Elder Abuse In Part 1 of this series, we discussed how some professional adult guardians have used their powers to abuse the seniors placed under their care. Here, we’ll discuss how seniors can use estate planning to avoid the potential abuse and other negative consequences […]
If you have a pet, he or she probably feels like part of your family. So it makes sense to take care of your pet if you become incapacitated or pass away. Because if you don’t make any plans, your beloved companion could end up in an animal shelter or worse. The law looks at […]
- A Will alone is not an estate plan. August 5, 2020
- What is the difference between a Living Will and a Living Trust? July 21, 2020
- Estate Planning Tips During COVID-19 June 17, 2020
- How do you know if you need a Will or Trust? May 18, 2020
- Why did Carrie Fisher’s Estate Plan fail? May 14, 2020