Retirement and Life Expectancy
Life expectancy is something to take into account when planning your retirement.
Financial Planning for When You Are Gone
Death is certain for all of us. The sad truth is that not enough of us take a moment to consider what will happen when we are gone. In fact, 55% of Americans pass away without a will or an estate plan.
September is National Life Insurance Awareness Month
September is National Life Insurance Awareness Month. In the past many families have viewed life insurance primarily as a way to pay for funeral expenses but it is become much more than that today. Now it is seen as an integral part of estate planning.
Estate Planning Essential Documents
According to the American Bar Association, more than half of Americans pass away without a will or an estate plan. If you consider the age when a person should be giving serious thought to these things, 62% of Americans aged 45-54, and an even higher percentage of women that age have not drafted wills. Here is a brief overview of the types of documents that are essential to any estate plan, and the reasons why.
Death and Debt
The death of a spouse is heartbreaking and something that no one really wants to think about. Unfortunately, it is something that needs to be considered and a plan put in place to ease the major adjustment in one is life. The surviving spouse faces more than just overwhelming emotions - he or she may also face the challenge of handling a loved one is outstanding debts.
Power of Attorney Tips
None of us likes to think about the possibility of something happening that might prevent us from managing our own finances, but it does happen. If you are ill, incapacitated, or just out of the country, you might need someone else to manage your money for a while.
Estate Planning Basics
Do you have an estate plan? A basic estate plan is an important financial document for everyone to have, whether you think you need one or not, and here is why - With few exceptions, everyone has an estate, even the young child with a bank account in his name that his grandparents set up, or the coming-of-age girl who received a gold necklace for her 16th birthday.
David Lerner Associates: National Healthcare Decision Day
April 16th was National Healthcare Decision Day. While most people do not always like to talk about what would happen if they were hospitalized and unable to speak for themselves, we are glad this day exists because it brings awareness to the importance of planning for the future.
David Lerner Associates: Estate Planning Essentials
An effective and smart estate plan is necessary if you want to make sure your assets are inherited by the intended parties, no matter the size of your estate. If done right, your plan can limit the taxes owed by the beneficiary. Here are some helpful tips.
David Lerner Associates: Financial Challenges Widows Face
Women in the US are 3X more likely to lose their spouse than men. Becoming a widow at any age can be one of the most challenging events a woman can face.On top of the emotional loss there is also the burden of suddenly handling everything--including all the finances--on your own.