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Cincinnati Estate Planning Attorney
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“For women in particular, divorce is financially perilous—at least, that’s what nearly all the studies tell us.” This article from Money, “This is The Single Best Way Divorced Women Can Secure a Successful Retirement,” begins by noting the frequently referenced “divorce gap.” This was documented in 2008 by a professor... Continue reading
Posted 2 days ago at Cincinnati, Ohio Estate Planning
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“Do not buy into the myth that estate planning is only relevant for wealthy individuals who need tax planning.” One of an estate planning attorney’s main responsibilities is ensuring that clients understand the importance of addressing these matters before they become an issue, reports the New Jersey Herald in the... Continue reading
Posted 3 days ago at Cincinnati, Ohio Estate Planning
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“Aretha Franklin's death is going to cause some headaches for her heirs.” The Queen of Soul did not have an estate plan, a will or a trust when she died from pancreatic cancer recently, according to news reports. That’s especially surprising, said Investment News in the article “Aretha Franklin estate... Continue reading
Posted 4 days ago at Cincinnati, Ohio Estate Planning
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“When my husband and I were in our 20s, we didn’t have what anyone would consider an ‘estate.’ We lived paycheck to paycheck and had a mortgage on a small house. We did, however, have two priceless assets that provided good reasons for us to make a will—our children.” No... Continue reading
Posted 5 days ago at Cincinnati, Ohio Estate Planning
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“Everyone needs a will, but, increasingly, estate planners say people also could benefit from setting up a trust while they are alive. That step would help assure that their assets are distributed more quickly, their bills paid promptly and continuously and personal information about property and other assets are kept... Continue reading
Posted 6 days ago at Cincinnati, Ohio Estate Planning
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“There is a longstanding 4% rule of thumb that was developed in the mid-1990s, outlining how much a person could safely withdraw from retirement savings each year and still have a nest egg to last a lifetime (aka 30 years).” Scratch that rule, advisors are now saying, because there are... Continue reading
Posted Sep 14, 2018 at Cincinnati, Ohio Estate Planning
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“Choosing an assisted living facility can be frightening prospect for anyone. However, the fear can be greater for people with no kids to help them through the process.” When you, in Cincinnati, don’t have kids or close family members, making decisions about an assisted living facility can be lonely and... Continue reading
Posted Sep 13, 2018 at Cincinnati, Ohio Estate Planning
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“A Jamaica man was charged with tricking his 101-year-old neighbor into handing over the deed to his house last week. A trio of Maspeth thieves pleaded guilty to posing as grandchildren and even recruiting kids to rob senior citizens’ homes in July. In Flushing, a man allegedly begged an elderly... Continue reading
Posted Sep 12, 2018 at Cincinnati, Ohio Estate Planning
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“Four types of expenses can wreak havoc with your retirement.” Retirement, in Cincinnati and elsewhere, is a balance between enjoying your golden years, taking good care of your health and balancing your finances, so you don’t run out of income too early. However, as reported by MD Magazine in the... Continue reading
Posted Sep 11, 2018 at Cincinnati, Ohio Estate Planning
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“Death isn’t what it used to be. Write a will, put stock certificates and the deed to your home and a few other pieces of paper in a safe deposit box and you were set for life for the hereafter.” Estate planning, in Cincinnati and elsewhere, must now include intangible... Continue reading
Posted Sep 10, 2018 at Cincinnati, Ohio Estate Planning
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“The key take-away …there are five key risks in retirement and a three-step process to solve the problem. Retirement planning is not easy for couples or individuals, or the people who counsel them, according to a recent article in Wicked Local (Topsfield) titled “Your Financial Views: How your retirement can... Continue reading
Posted Sep 7, 2018 at Cincinnati, Ohio Estate Planning
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“It’s a tough situation for people in financial services. However, these circumstances can pull the curtain back on elder financial abuse. That’s because banks and other financial institutions can sometimes spot potential problems early.” A man who makes loans in a company, that is not quite a bank and not... Continue reading
Posted Sep 6, 2018 at Cincinnati, Ohio Estate Planning
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“A report shows that 82% of surviving spouses could have collected a higher benefit, if they restricted their application to survivor benefits and waited until the age of 70 to claim their own retirement benefits.” Losing a spouse at any time in life is difficult. However, losing a spouse while... Continue reading
Posted Sep 5, 2018 at Cincinnati, Ohio Estate Planning
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“The goal: to see if researchers can monitor and detect health changes in older adults and enable them to live longer in their own homes. For example, early signs of cognitive decline may be detected through changes in computer use or driving.” A research assistant tested and placed sensors in... Continue reading
Posted Sep 4, 2018 at Cincinnati, Ohio Estate Planning
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“If everyone saved a decent chunk of their income throughout their career and never dipped into savings to deal with emergencies, all could enjoy a cushy retirement.” In a perfect world, we’d all have saved enough by age 60 to relax about money and start planning our golden years. However,... Continue reading
Posted Aug 31, 2018 at Cincinnati, Ohio Estate Planning
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“Searching for a lawyer who can help you put together a good estate plan, may seem like a daunting task. However, with a little help, you should be able to find several qualified lawyers to choose from.” Finding an estate planning attorney who can help you create an estate plan... Continue reading
Posted Aug 30, 2018 at Cincinnati, Ohio Estate Planning
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“An ‘I love you’ estate plan follows what you would expect most estate plans for married adults would look like: Everything to the spouse and then to the kids.” Many estate plans fall into the “I love you” estate plan. This isn’t always how it goes, but it’s the rule... Continue reading
Posted Aug 29, 2018 at Cincinnati, Ohio Estate Planning
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“It's difficult to determine exactly how much to save for retirement. Some people pick a round number, such as saving 10% or 15% of their salary, while others use an external cue, such as the amount of money that will be matched by an employer.” Are you saving enough for... Continue reading
Posted Aug 28, 2018 at Cincinnati, Ohio Estate Planning
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“Many states, have adopted versions of the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA). Under RUFADAA, an owner of digital property can give fiduciaries access to and disposition to manage digital assets.” Ensuring that your property is appropriately managed and disbursed upon your incapacity or death, is no... Continue reading
Posted Aug 27, 2018 at Cincinnati, Ohio Estate Planning
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“While you’re refining your estate planning to live through your senior years, don’t forget about, uh, the end of it all.” For most folks, postponing thinking about their funeral is the status quo, until someone close to them dies or until they have a health scare. Worse, according to The... Continue reading
Posted Aug 23, 2018 at Cincinnati, Ohio Estate Planning
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“Estate planning is not a topic that anyone really wants to think or talk about. In fact, many people might not even know what it means, so let’s start there.” Estate planning is important for anyone over the age of 18. It does not matter if you have a small... Continue reading
Posted Aug 22, 2018 at Cincinnati, Ohio Estate Planning
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“While a general POA is used to grant business decision-making authority, a health care POA (“H-POA”) governs health and medical decision-making authority.” Selecting someone to make health care decisions for you when you are unable, requires a great deal of trust and is considered by many to be the most... Continue reading
Posted Aug 21, 2018 at Cincinnati, Ohio Estate Planning
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“People are storing important documents, such as wills and medical directives, online. While convenient, there are a few things to keep in mind before you open another online account, experts say.” There are some clear benefits to storing your will and documents online. You and your spouse (or other authorized... Continue reading
Posted Aug 20, 2018 at Cincinnati, Ohio Estate Planning
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“In the coming decades, baby boomers in the U.S. are expected to transfer an estimated $30 trillion in assets to subsequent generations. For many families, that will include a second home.” One of the key markers of summer in many areas is crowded roads, as folks head out of the... Continue reading
Posted Aug 17, 2018 at Cincinnati, Ohio Estate Planning
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“Our inherent nature to delay the inevitable, can lead the ones we care about into financial chaos. To avoid the chaos, careful preparation is needed when it comes to estate planning.” Estate planning protects families, especially those with young children. It can eliminate stress, expense and unpleasant consequences that can... Continue reading
Posted Aug 16, 2018 at Cincinnati, Ohio Estate Planning