Protecting Your Goals and Your Loved Ones Naming beneficiaries of an insurance policy seems likes an easy thing to do. If a person is married, the spouse is the beneficiary. The children are often named the contingent beneficiaries. If a person is not married but has children, the children are often named as first beneficiaries. Usually these are the people that life insurance is intended to … [Read more...]
Challenges Facing Aging Family Members
As our senior population grows older, they face unique and complex challenges. Fear of losing control and doubt concerning the ability to pay for assistance with common daily needs can result in dangerous isolation for our seniors. It can also leave family members scrambling to provide help without any clear idea of the type of help needed, or awareness about resources that can be brought to … [Read more...]
Advanced Estate Planning Information For Caregivers And Surviving Spouses
Only you and your spouse typically know where information about all your banking, bills, accounts, doctors, debts, etc. is located. By listing the details of your life, such as property, personal information and finances on one document, you can greatly assist those who may end up taking care of you in the event of illness, or taking care of your estate in the event of your death. A good … [Read more...]
Potential Heirs of Prince Say “Let’s Go Crazy”
A Case for Having a Living Trust Prince Rogers Nelson (The Artist Formerly Known As Prince) died April 21, 2016 of an accidental overdose of fentanyl, a synthetic opioid drug 50 times more powerful than heroin. Prince follows a long line of celebrities who died suddenly with complicated estates, more complicated family dynamics, and no estate plan to help sort it all out. Court and other … [Read more...]
Spring Cleaning: When Can You Purge Your Old Financial Records?
Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it's important to make sure you won't be caught empty-handed if an IRS auditor contacts you. Still Not a Paperless Society E-filing is on … [Read more...]
How Much Does It Cost To Set Up a Living Trust?
The most common choice you have when setting up an estate plan is the choice between a Will and a Living Trust. A Will is always a one-way ticket to probate, unless your estate falls below a minimum threshold of value. In many states the minimum threshold is about $50,000. In California, that threshold is $150,000, except that if real estate is part of your estate, the threshold falls to … [Read more...]
Handling Your Parents Wealth
People are living longer than ever before and extended lifespans often come with increased wealth. Decisions regarding your parents' assets can be difficult for everyone, and it's not uncommon for families to be pulled apart in the process. Supervising investments. Setting up an effective estate plan. Planning for the possibility of long-term care. Making charitable contributions. … [Read more...]
The Dangers of Do-It-Yourself Living Trusts
Have you tried doing your own physical exam lately? I mean, going to a doctor can be such a waste of time, not to mention the cost. It can be so much better to try to save money and just complete the necessary tests and lab work by yourself. Possibly, you have performed surgery on yourself? Maybe you have extracted your own tooth or filled an annoying cavity all without the assistance of a … [Read more...]
Arizona Trust Code Updates Provided Free
AmeriEstate is pleased to announce that in keeping with long honored policies, all of its current legal plan members residing in Arizona, who are affected by the recent adoption of the Uniform Trust Code ("UTC"), governing all revocable and irrevocable trusts in Arizona, are being provided the necessary and important legal updates at no charge. This represents a value of up to $500 to our … [Read more...]
