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Karen Leary
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Opponents often claim that Social Security is going broke and will soon be bankrupt. However, that isn’t true. A recent government report is being used by opponents of Social Security and government spending, as ammunition to charge that if something is not done, then Social Security will go broke in... Continue reading
Posted yesterday at Surprenant & Beneski
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There are health benefits to being mentally and physically active. People seem to have no problem learning how to have fun, when they are young. However, that often disappears when they enter the work force and began living an adult life. However, when they retire, they have the time to... Continue reading
Posted 2 days ago at Surprenant & Beneski
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Some estate planning mistakes should be avoided, but they aren’t! Some basic mistakes should never be made in the first place. However, unfortunately they happen over and over again. While a comprehensive list of these mistakes probably is not possible, a list of surprising errors were created, according to the... Continue reading
Posted 3 days ago at Surprenant & Beneski
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New study on expectations of wealthy young people is disturbing. A large percentage of affluent 18-22 year-olds, are expecting that their retirements will be funded by the inheritances they expect to receive, according to a recent survey. This could mean they are spending all their own money and not saving... Continue reading
Posted 4 days ago at Surprenant & Beneski
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If you can and do work past the traditional retirement age, you may live a longer life. It is possible that people who continue to work past retirement age, are not only going to make more money but live longer, according to Harvard Health Publisher in "Working later in life... Continue reading
Posted 7 days ago at Surprenant & Beneski
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Standard rules for dealing with digital accounts, have yet to be developed. Rules and regulations vary greatly between different states and between different websites on which people have accounts. However, there are a few things everyone can do now to make it easier for others to handle their digital accounts,... Continue reading
Posted Jul 11, 2018 at Surprenant & Beneski
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Foreign real estate can be difficult for estate planners, as well as heirs. Many countries have strict rules about who may inherit property. These rules are unlike anything in the U.S. Attorneys who practice in the foreign country need to be consulted, so any estate plan can take the foreign... Continue reading
Posted Jul 10, 2018 at Surprenant & Beneski
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The estate has filed many lawsuits. This time it is suing the Walt Disney Company over a documentary. The Walt Disney Company is being sued by the Michael Jackson estate, over a documentary that includes footage of his two children, plus short clips of two of his songs. Disney claims... Continue reading
Posted Jul 9, 2018 at Surprenant & Beneski
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You don’t just have to save money, you must save money wisely. Because it takes a long time to save for retirement and investments must be chosen wisely, researchers looked into the saving habits of people in the U.S. and 15 other countries. The results were not encouraging, according to... Continue reading
Posted Jul 6, 2018 at Surprenant & Beneski
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Estate plans often benefit from the use of life insurance. However, it should be approached cautiously. Life insurance is a possible solution to supplying ready cash during probate or if you don’t have sufficient assets. However, mistakes can be made in the process, according to Wealth Management in "Eight Life... Continue reading
Posted Jul 5, 2018 at Surprenant & Beneski
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You may create a trust online or in other ways, but is your trust funded? Trusts must be funded, but that does not mean just putting money in them. It means transferring the title of property to the trust, according to the Times Herald-Record in "How to transfer assets to... Continue reading
Posted Jul 3, 2018 at Surprenant & Beneski
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There are some steps to follow, if there appears to be no will. If a parent passes away and didn’t leave a will or you can’t locate one, things do not have to be too difficult. There are a few steps people need to take, if they find themselves in... Continue reading
Posted Jun 29, 2018 at Surprenant & Beneski
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If your spouse has assets, it is likely that Medicare will take them into consideration. Medicaid is likely to ignore any spousal agreements and consider the assets of each spouse when determining eligibility, according to My San Antonio in "Protecting separate assets from Medicaid." Sometimes a couple will jointly decide... Continue reading
Posted Jun 15, 2018 at Surprenant & Beneski
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T here are good ways and bad ways to give to charities. It often depends on the charity. People often decide to leave some or all of their assets to charity. However, the best way to find out how to give to any specific charity is to talk to that... Continue reading
Posted Jun 14, 2018 at Surprenant & Beneski
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Joint ownership means you don’t have to go through probate. However, the risks are high—very high. A parent will sometimes decide to add a child to the deed to their home and that means an equal share. It also means that if the child has creditors, they can seek to... Continue reading
Posted Jun 13, 2018 at Surprenant & Beneski
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If you don’t have an estate plan but do have minor children, it can become complicated. Most parents would choose to have their estate pass to their children, if they do not have a formal estate plan. However, if those children are minor, some challenges can arise, according to My... Continue reading
Posted Jun 12, 2018 at Surprenant & Beneski
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Some parents want to give everything to their children right now … but wait! Unless you have an estate plan, before your children can inherit the estate it must to go through the probate process. That can be both expensive and time-consuming. Therefore, many parents decide to give their children... Continue reading
Posted Jun 11, 2018 at Surprenant & Beneski
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Digital assets need to be protected now. However, they also need to be made available later. Protecting your digital assets before you pass away and making them available later, can create some conflicts. There are three basic complications, when it comes to planning for someone else to access your digital... Continue reading
Posted Jun 7, 2018 at Surprenant & Beneski
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It may be wise to set up some review time for your estate plan, as life goes on. There are actually a few common things that can happen in your life that have an impact on your estate plan and they can be listed, according to the Huntsville Item in... Continue reading
Posted Jun 6, 2018 at Surprenant & Beneski
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Conversations between family generations can be helpful in determining needs. Younger family members often end up helping their elderly loved ones, who may face the problems of aging. However, if the younger people do not know what to do and what the elderly person wants done, then the best help... Continue reading
Posted Jun 5, 2018 at Surprenant & Beneski
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Most states are not doing enough to fight crimes against the increasing elderly population. A few states have state level investigative units dedicated to fighting elder financial abuse. However, that may not be enough, according to the Brookings Register in "S.D. a national leader in battling elder fraud." Criminals target... Continue reading
Posted Jun 4, 2018 at Surprenant & Beneski
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Flexibility can lead to the creation of a better legacy than anticipated. When people go to an estate planning attorney, they sometimes already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing. If a person is flexible and willing... Continue reading
Posted Jun 1, 2018 at Surprenant & Beneski
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You have been making plans your entire life and it is likely there are a few more during retirement. Americans have generally been making plans their entire lives and those in retirement need to make plans, even though those plans are some of the least comfortable plans for people at... Continue reading
Posted May 31, 2018 at Surprenant & Beneski
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Myths are spread from person to person and by the Internet. Correcting the myths, isn’t an easy task. The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected, according to TC Palm in "Common misconceptions about wills... Continue reading
Posted May 30, 2018 at Surprenant & Beneski
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Individual circumstances determine the best type of trust to fit your unique circumstances. Much of the confusion over trusts, is a result of some impressive sounding names that do not actually describe what the trust accomplishes. Therefore, deciding on which type of trust is the best one, is not the... Continue reading
Posted May 29, 2018 at Surprenant & Beneski