The good news is that there are financial planners who have a fiduciary commitment to work in your best interest and who will help you with this. The second piece of good news is that a little bit of knowledge goes a long way. Today we’ll explore a few methods for determining your life insurance needs.
Read MoreEstablishing a living trust requires the assistance of an estate attorney and will often be created in conjunction with your will, an advance medical directive, and financial powers of attorney. Attorney fees vary by firm. I’ve seen them beginning around $2,500 and rising with the complexity of the planning.
Read MoreI would venture the guess that most of my friends think of estate planning as an activity for wealthy, aged people. And it most definitely is. But as the complexity of our lives increases with home ownership, the arrival of children, and a growing nest egg, the need to develop an estate plan starts knocking at our doors as well.
Read MoreYou are getting your financial house in order and want to put your estate documents together. Logically, you set up a meeting with a financial planner or estate attorney. One of the first things you are likely to hear is that you should structure your estate plan to avoid probate court- the formal process by which a deceased person’s property is distributed among their heirs.
Read More
