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MaKayla Hanington
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It’s one thing to fight with a sibling over toys when you are young. However, as adults, and more to the point, as an executor, there’s no room for tantrums or not acting in the best interests of the beneficiaries. An executor who refuses to sell an inherited home, is... Continue reading
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To help plan for retirement, it helps to move from asking global questions, like “Can I afford to retire?” to more specific questions, like “What’s my monthly cost of living right now?” Sometimes retirement planning is so overwhelming that people just shrug their shoulders and hope that things work out.... Continue reading
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To make sure that your wishes are carried out, you’ll have to do your homework. Make sure that you cover these most important documents. The last thing you want to do, is leave a bureaucratic mess for your loved ones when you die. Not only will it cause the family... Continue reading
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Sandberg is donating her entire stake in SurveyMonkey to charity, in the shape of shares or the proceeds of sales of those shares. The Facebook COO and SurveyMonkey board member has embraced the Giving Pledge. You don’t have to give away millions, or billions, to be philanthropic. In fact, if... Continue reading
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Life insurance can be useful in paying off debt, covering funeral costs and serving as a useful resource so that estate proceeds or any one person’s savings don’t have to be tapped. Life insurance may be the least sexy part of the transition from one farming generation to another, but... Continue reading
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It’s understood that everyone needs a will. However, many people put it off. Don’t be one of those people. Your family will remember, and it won’t be a happy memory! Celebrities aren’t the only ones who fail to plan for their passing. The difference is, their failures can become instructive... Continue reading
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The big picture presented by the National Institute on Retirement Security is not a good one. Working Americans are completely unprepared for retirement. The National Institute on Retirement Security is a non-profit research and educational organization that focuses on the development of public policies that help retirement security in America.... Continue reading
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Everyone’s needs are different. For most people, one large policy is enough. However, what if your life is not like everyone else’s? How do you know how much coverage you need? Most people never really think about adding more life insurance, once they buy a policy. They figure they have... Continue reading
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If you’re living on your retirement savings, while waiting to start taking Social Security benefits to full retirement age or even age 70, you might be costing yourself thousands in taxes. It’s annoying. There’s no way around it. You’ve worked your whole life, and paid taxes on those earnings. Now... Continue reading
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We’re not talking about what happens to your soul, or if you are headed to a peaceful place, or even what happens to your physical remains. Have you thought about what happens to the world you leave, your family and friends and your possessions, after you die? Let’s say you... Continue reading
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Since their founding in 2006, Anne Arundel Women Giving Together has raised and invested over $1 million to improve the lives of women, children, and families in Anne Arundel County! Anne Arundel Women Giving Together (AAWGT) is a women’s giving circle with over 200 members. AAWGT is a fund of... Continue reading
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Start with the basics, to make sure you’re making informed decisions. Created in July 1965 as part of the Social Security Act, Medicare is how most adults over age 65 cover their healthcare costs. Medicare has four parts. They are Part A: Hospital, Part B: Outpatient Services, Part C: Medicare... Continue reading
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Talk about going big–New York’s Governor Cuomo is expanding services for seniors at risk of elder abuse with an $8.4 million package, combining state and federal funding. Governor Cuomo announced that services for vulnerable adults at risk of abuse, neglect or financial exploitation will be improved through a new initiative... Continue reading
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Don’t assume that the new tax law means that you don’t need an estate plan. If anything, you need to review your estate plan to make sure you’re not missing out any new opportunities. When was the last time you reviewed your estate plan? If it’s been more than a... Continue reading
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The burden of saving for retirement shifted from employers to employees. It is now unusual for companies to offer pensions. If you’re lucky enough to have one, make your decisions wisely. It’s hard to imagine today, but years ago, it wasn’t unusual to stay with one company for a lifetime,... Continue reading
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After one disastrous and very public divorce, Sandra Bullock has a detailed prenup with several very specific—and protective—instructions. Sandra Bullock isn’t taking any chances this time around. Her pending marriage to photographer Bryan Randall is contingent on his signing an iron-clad prenuptial agreement. A prenuptial agreement or "prenup" is a... Continue reading
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Hybrid policies, aimed at affluent Americans, offer long-term-care benefits along with potential death benefits. Last year, after finishing with college tuition for their three children, Jessica Galligan Goldsmith and her husband, James, treated themselves to something she had long wanted: long-term-care insurance. It hasn’t been cheap. The couple, both lawyers... Continue reading
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Neglecting to plan for family dynamics can destroy the best estate plans. Make sure to address both difficult personalities and tax liabilities. They can be equally problematic. Saving loved ones from a large tax bill and maximizing the transfer of wealth across generations is great, but your estate plan needs... Continue reading
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The goal is to have more people aware of what elder abuse is and what to do when they see it. The more people who can act, from police to community members, the better. Under the leadership of Kansas Attorney General Derek Schmidt, a new initiative is being launched that... Continue reading
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Most young adults are not thinking about retirement when they get their first jobs, but starting early, even if on a very small scale, can make a big difference. When you are working to pay off student loans and trying to save enough to get a place of your own,... Continue reading
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Having a will prepared is a gift of kindness to your loved ones. They will appreciate the effort to care for them, after you’ve passed on. If you need another reason to have a will prepared, consider the potential for conflict among loved ones who will have to guess about... Continue reading
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It’s as important to understand what services are not offered at an assisted living facility, as it is to know what services are available. Residents with medical issues may not be suited for this lifestyle setting. For seniors who no longer wish to live on their own, assisted living facilities... Continue reading
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Not one, but two of the pop stars boyfriends are claiming that they should have been included in his will. Pop legend George Michael’s multi-million dollar estate and properties were given to sisters Melanie and Yioda and no provisions were made for his ex-boyfriends Kenny Goss or Fadi Fawaz. However,... Continue reading
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Thoughtful planning will help a second marriage avoid certain issues that didn’t exist the first time around. Most lives are more complex, with children and assets from first marriages. A second marriage is more likely to succeed, if the couple addresses key questions in advance, especially those concerning finances. You’ll... Continue reading
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You need an estate plan, whether you are rich or poor or somewhere in the middle. Without one, decisions will be made for your family that you may not have wanted. More than half of all Americans do not have a will, reports Wealth Advisor in the recent article, “The... Continue reading