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Karen Leary
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There are several measures you can use to protect yourself and your family. The life expectancy for Americans is getting longer and longer, with the concept that the longer you live the more likely you’ll have an even longer life span, according to Kiplinger, in “Are You Ready for Longevity?... Continue reading
Posted 7 hours ago at Surprenant & Beneski
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Think about what your pets really need for continued care. If your pets are very important to you and your family, you can include and protect them in your estate plan, according to BravoTV.com’s Unleashed in “Don’t Leave Pets Out of Estate Planning.” If you are considering including your pets... Continue reading
Posted yesterday at Surprenant & Beneski
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It may be a tough conversation to create an Advanced Directive. However, it can give you peace of mind. While it may be difficult to come to conclusions needed to create an Advanced Directive, it is really a good idea to have one when you reach the age of majority,... Continue reading
Posted 4 days ago at Surprenant & Beneski
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The challenge will be to prove that Campbell, who was diagnosed with Alzheimer’s disease, lacked the capacity to execute the wills. Three of Glen Campbell’s children, who were intentionally left out of his will, have been given the right to contest the will by a judge, according to Wealth Management.com... Continue reading
Posted 5 days ago at Surprenant & Beneski
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After the death of a spouse, most of the attention for legal services is paid to administering the estate of the decedent. Often times, little time is spent focusing on the legal needs of the surviving spouse. From personal experience, I can tell you that there is some important work... Continue reading
Posted 6 days ago at Surprenant & Beneski
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If you are Generation X, you are facing some unique circumstances. Members of Generation X, who are still feeling the impact of the Great Recession, are facing some real challenges in saving for their retirement, according to TheBalance.com in “Retirement Milestones to Hit for the Gen X Years.” According to... Continue reading
Posted 7 days ago at Surprenant & Beneski
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It’s easy to put off starting an estate plan. However, you really do want to take care of your family. Why should you have an estate plan? There are many reasons and many goals, including providing for your spouse and children, as well as dealing with a family business, minimizing... Continue reading
Posted Sep 17, 2018 at Surprenant & Beneski
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Most people seek confirmation that they have accumulated enough for the remainder of their years. You can put a lot of effort into saving for retirement and still have questions. However, it is important to know that the success of your plan will often be your income to expense ratio,... Continue reading
Posted Sep 14, 2018 at Surprenant & Beneski
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Don’t wait until it is too late. Get a POA now. While most people are familiar with a will in an estate plan, a power of attorney draws a lot of misconceptions, according to the article in A Place For Mom “5 Misconceptions About a Power of Attorney.” Misconception #1–You... Continue reading
Posted Sep 13, 2018 at Surprenant & Beneski
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Okay, you have saved for retirement tax free for years. However, now it is time to think about the taxes. You have been fortunate over the years to grow your IRA tax free. However, withdrawals from your traditional IRA is taxable income. You will have to make Required Minimum Distributions... Continue reading
Posted Sep 11, 2018 at Surprenant & Beneski
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The new law goes a long way in protecting the elderly from the increasing threat of scams. Elder financial abuse is very costly, at billions of dollars annually, as well as the emotional toll on the elderly, as the scams become more sophisticated, according to Forbes in ““After SAFE Act... Continue reading
Posted Sep 11, 2018 at Surprenant & Beneski
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There are tools in an estate plan that a college student may need and are also beneficial to you. If your child is heading off to college you have prepared them already with background education and the ability to live away from home. However, are they prepared with the documents... Continue reading
Posted Sep 10, 2018 at Surprenant & Beneski
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If you prefer to remain in your own home, check out options before deciding on assisted living. There are many seniors and retired Americans that are not aware of options that help them remain in their own homes if that is what they prefer, according to Next Avenue in “Does... Continue reading
Posted Sep 7, 2018 at Surprenant & Beneski
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Retirees may find themselves facing a major federal tax increase fueled by tax-deferred accounts. There are many financial strategies occurring as you save toward your retirement, including maximized annual contributions and compounding interest. This can cause a tremendous tax bite, unless you are careful, according to the Citizen Times in... Continue reading
Posted Sep 7, 2018 at Surprenant & Beneski
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Shortages in some sectors make partial retirement an inviting opportunity for both parties. Not every person who reaches retirement age wants full retirement .Some labor markets make it easy to ease into retirement while helping out employers, according to The New York Times in “In a Tight Labor Market, Retirees... Continue reading
Posted Sep 6, 2018 at Surprenant & Beneski
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If you do not have children or a spouse to include in an estate plan, the first thought may be family and friends. That is probably a good place to start. If you do not have any children or a spouse, there are many options available for creating an estate... Continue reading
Posted Sep 5, 2018 at Surprenant & Beneski
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A family may find a business model for meetings is a helpful guide, if an elder member of the family requires caregiving. An elder member of the family sometimes needs caregiving. If it is a family project, it can be easier, according to aPlaceforMom.com in “Guide to Elder Care Planning... Continue reading
Posted Aug 31, 2018 at Surprenant & Beneski
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The fear of huge medical bills causes worry to many a retiree. However, there is hope of solving the situation. Retirees generally fear that a medical expense shock will decimate their savings. However, there are ways to make the shock less stressful, according to Reuters in “How to shockproof your... Continue reading
Posted Aug 30, 2018 at Surprenant & Beneski
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Second marriage? You’ve entered a brave, new world, when it comes to estate planning. A second marriage can sometimes create a problem, because the biggest reason that stepparents and stepchildren fight is over money, according to the AARP in “Don’t Split Heirs With Your Estate.” If you and your spouse... Continue reading
Posted Aug 29, 2018 at Surprenant & Beneski
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Fees can drain your accounts, so watch them carefully. You have saved for many, many years and are now ready for retirement. You need to accomplish many tasks as you get ready to leave your job but one of the most important things to watch for as you go over... Continue reading
Posted Aug 28, 2018 at Surprenant & Beneski
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Social Security rules and regulations are the key to the magic retirement age. For some reason, many American have come to believe the magic number for retirement is 61 and they are wrong, according to The Motley Fool’s article “Americans’ Ideal Retirement Age–and Why It’s Not Realistic.” The article is... Continue reading
Posted Aug 27, 2018 at Surprenant & Beneski
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Social Security rules and regulations are the key to the magic retirement age. For some reason, many American have come to believe the magic number for retirement is 61 and they are wrong, according to The Motley Fool’s article “Americans’ Ideal Retirement Age–and Why It’s Not Realistic.” The article is... Continue reading
Posted Aug 27, 2018 at Surprenant & Beneski
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The concept still going strong after three decades. The economic answer for retirees living in expensive cities, such as Seattle, may be cohousing communities, according to the Seattle Times in “Battling rising cost of living? Seeking a community? A look at the cohousing lifestyle.” This past June, Charles Durrett, an... Continue reading
Posted Aug 24, 2018 at Surprenant & Beneski
We have seen it time and time again: celebrities who pass away with no will or an outdated will. Last week, the Queen of Soul, Aretha Franklin passed away. If the reports are true, she also passed away with no will. Unfortunately, there are a long list of celebrities who... Continue reading
Posted Aug 23, 2018 at Surprenant & Beneski
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You may think your work is done when your estate plan is completed. However, a remaining step may be informing the kids about what they face. If you wish to pass your estate on to your children, it might be a good idea to spend some time educating them about... Continue reading
Posted Aug 22, 2018 at Surprenant & Beneski