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Karen Leary
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It sounds financial but it isn’t. It is all about the person’s behavior in the relationship. A fiduciary relationship is a legal relationship that includes responsibilities that can be enforced and it is important to look closely at it, according to the Denton Record-Chronicle in “What is the “F” word?”... Continue reading
Posted yesterday at Surprenant & Beneski
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Government regulations usually have less impact than family relations. There are some big mistakes that farmers can make. It is best to be aware of them and avoid following in the footsteps of others, according to Ag Web in “5 Estate Planning Mistakes You Don’t Want To Make.” The estate... Continue reading
Posted 2 days ago at Surprenant & Beneski
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The tale might be light-hearted, but it is actually a dire position for the daughter. Proper estate planning by Cinderella’s father could have created an entirely different outcome in that very famous fairy tale, according to The National Law Review in “A Cautionary Fairy-Tale–If Only Cinderella’s Father Had An Estate... Continue reading
Posted 3 days ago at Surprenant & Beneski
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Laws can still prevent someone with your Advanced Care Directive, from accessing medical records. It seems illogical that the person who is named as your agent under an Advanced Care Directive can’t gain access to your health care records. However, that can sometimes be the case, according to the Monterey... Continue reading
Posted 6 days ago at Surprenant & Beneski
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Signing up for retirement isn’t simple, because you have many options. There are many options when it comes to retirement, so it can be helpful to seek professional advice before making decisions that can’t easily be reversed, according to the Cleveland Jewish News in “Professionals can ease a person into... Continue reading
Posted 7 days ago at Surprenant & Beneski
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Even if you are self-employed, you can still plan for retirement. People who own and run a business often find themselves without the usual plans available to employees, such as a 401(k). However, that does not mean they do not have options to save for retirement, according to Zing! in... Continue reading
Posted Mar 13, 2019 at Surprenant & Beneski
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The larger picture needs to be considered rather than the short term. The federal estate planning exemptions have been increased. However, that doesn’t mean an estate plan is not needed, because it is still a good tool when it comes to protecting your heirs, according to ThinkAdvisor in “Estate Planning... Continue reading
Posted Mar 12, 2019 at Surprenant & Beneski
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Want to become more in control? Get that estate plan in order. When it comes to investments, the risks involved can make us feel we are not in control. However, if you want to feel more in control, take a good look at your estate plan, according to the Daily... Continue reading
Posted Mar 11, 2019 at Surprenant & Beneski
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The need for caregiving often comes about unexpectedly. People often think they should make arrangements for a Power of Attorney or living will but unfortunately the need arises suddenly resulting in a challenging situation, according to Expert Click in “How to Get Power of Attorney for Aging Parents. A medical... Continue reading
Posted Mar 11, 2019 at Surprenant & Beneski
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Retirement accounts usually have the largest impact. However, there are also other income streams. One of the surprises that can catch you unaware, is that taxes during the working years are usually much simpler than taxes during retirement, according to The News Tribune in “Implement an efficient tax strategy to... Continue reading
Posted Mar 8, 2019 at Surprenant & Beneski
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Scam artist targets woman who is grieving for her husband. Scammers work on the easiest targets, so senior citizens are often their targets in hopes they will catch them off guard at their weakest moments, according to Newsday in “Nassau, Suffolk police warn of phone scammers posing as officials.” The... Continue reading
Posted Mar 7, 2019 at Surprenant & Beneski
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Assets will have to be divided, as well as dealing with paperwork, courts and tax law changes. Dividing up assets is difficult in a divorce and the new tax law changes that went into effect in January are not going to make it any easier, according to Next Avenue in... Continue reading
Posted Mar 5, 2019 at Surprenant & Beneski
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During a webinar we held last week, one of the questions we were asked was about how to address the topic of estate planning with your aging parents. It can be a tough topic to bring up as it can be emotional. After all, no one wants to consider their... Continue reading
Posted Mar 4, 2019 at Surprenant & Beneski
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Mistakes are easy to make when it comes to your benefits so approach the issue carefully. A person in the U.S. works to earn Social Security benefits. It would be a good idea to approach decisions on your benefits carefully, according to the Independent Record in “Don’t Make These 4... Continue reading
Posted Mar 4, 2019 at Surprenant & Beneski
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Not having a long-term care plan, can put your family at financial risk. A government report estimates a vast majority of those over 65 will end up needing long-term care. However, many people do not have plans to meet the expenditures, according to Westfair Online in “Keybank poll reveals clients... Continue reading
Posted Feb 28, 2019 at Surprenant & Beneski
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Protection varies, according to state law. IRAs are protected from bankruptcy. However, there are some limitations you should guard against, according to The Balance in “What is IRA Bankruptcy Protection?” President George W. Bush signed bankruptcy protection into law in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act... Continue reading
Posted Feb 27, 2019 at Surprenant & Beneski
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Protection varies, according to state law. IRAs are protected from bankruptcy. However, there are some limitations you should guard against, according to The Balance in “What is IRA Bankruptcy Protection?” President George W. Bush signed bankruptcy protection into law in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act... Continue reading
Posted Feb 27, 2019 at Surprenant & Beneski
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Don’t wait until you are under pressure, to create these safeguards. If you don’t have documents that protect you, your family and your assets, you should consider doing yourself a favor and putting them on your list to accomplish in 2019, according to Fox Business in “3 financial documents everyone... Continue reading
Posted Feb 26, 2019 at Surprenant & Beneski
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Like so many family caregivers, Judi and Rachael Devaney came to caregiving out of love. With the help of the Alzheimer’s Family Support Center, this powerful mother-daughter duo spent several years caring for Judi’s mother Gigi throughout her battle with Alzheimer’s disease. Years later, the Devaney women are still driven... Continue reading
Posted Feb 25, 2019 at Surprenant & Beneski
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What happens to the caregiver, when your loved one is gone? Providing care for another adult can be difficult, because the caregiver often puts their life on hold. They may find themselves facing a new challenge later, according to the AARP Bulletin in “What Happens When Caregiving Ends?” The article... Continue reading
Posted Feb 22, 2019 at Surprenant & Beneski
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What might happen if you have the talent for success but not the talent for business? As can often be the case, many extremely talented people accumulate large estates and they often are not prepared to take on the task of organizing the transfer of assets, according to the Reno... Continue reading
Posted Feb 21, 2019 at Surprenant & Beneski
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Working at the age of 65, is not the same as working at 20. Working for decades can take a toll on employees, as they near retirement age. However, a phased retirement can offer a situation that works well for both the worker and the employer, according to the Missoulian... Continue reading
Posted Feb 20, 2019 at Surprenant & Beneski
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Now is the time to handle those details you have overlooked. There may be a number of estate planning details that you have not addressed in previous years. This year is a good year to get it done, according to the Pittsburgh Post-Gazette, in “As a new year closes in,... Continue reading
Posted Feb 19, 2019 at Surprenant & Beneski
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Now is the time to handle those details you have overlooked. There may be a number of estate planning details that you have not addressed in previous years. This year is a good year to get it done, according to the Pittsburgh Post-Gazette, in “As a new year closes in,... Continue reading
Posted Feb 19, 2019 at Surprenant & Beneski
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Life insurance isn’t taxable to beneficiaries but there can still be a tax involved. An Irrevocable Life Insurance Trust can be a key part of your overall estate plan, according to JD Supra in the article “Estate Planning: The Irrevocable Life Insurance Trust,” An ILIT can be used to take... Continue reading
Posted Feb 19, 2019 at Surprenant & Beneski