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Retirement Age Baby Boomers Reject Having Living Wills

Do you have a living will? According to a recent poll conducted by the Associated Press and LifeGoesStrong.com, as many as 64 percent of baby boomers, including those of retirement age do not have a living will. Do not to confuse a living will with a living trust. A living will or advanced directive is […]

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Estate Planning in Retirement

One of the most difficult ‘duties’ people face as they get older is making an estate plan. By definition an estate plan is concerned with the distribution of your assets after you die. For some people, that’s very uncomfortable to think about. For a few, there is the misguided notion that not thinking about it […]

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Documenting Final Wishes Important Beginning to Retirement Life

End of Life Planning (no matter what your health issues or age) is addressing the topic of documenting your final wishes. It isn’t just for the elderly or ill. This is something we, as smart individuals, should look into ahead of time and be well educated on. Otherwise, we fall into the trap of denial […]

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Five Myths About Having an Estate Plan

1. “I don’t have an estate of any significant size to have an estate plan.” Your estate can grow. Many aspects of a good estate plan such as Powers of Attorney and Living Wills have no relation to the size of an estate. 2. “I have a Will so my estate planning is complete.” There […]

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Celebrity Deaths, Estate Planning, Wills and Insurance

In the past few year there have been a lot of celebrity deaths reported, but none overpowering the news more than the death of Michael Jackson. I’m not going to debate his talent or lifestyle issues, but it got me thinking about estate planning, wills and you. Here is a guy that in one way […]

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How do YOU want to Spend Your Money?

  Man sacrifices his health in order to make money. Then he sacrifices his money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is […]

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Suddenly a Widow: 9 Contacts You Need to Make

Losing your spouse plunges you into grief where even simple daily tasks become burdensome. Yet there are certain matters which the new widow must be taken care of immediately in order to protect your financial future. David W. Latko, president of Latko Wealth Management Ltd is the author of Financial Strategies for Today’s Widow and […]

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Trials and Heirs

  Book Review Trials and Heirs by Andrew Mayoras and Danielle Mayoras Did you Know? Chief Justice Warren Burger left a will that contained only 176 words for an estate worth over $1.8 million. “Queen of Mean” Leona Helmsley created a $12 million trust to care for her Maltese named Trouble. Marlon Brando changed his […]

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Number 6 Reason For Living Trusts: Secure Your Privacy

Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can help protect your privacy. Reason #6: Privacy. Most of us naturally dislike the concept of probate because it is a public process. Theoretically, anyone can go into probate court when a person dies […]

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Number 5 Reason For Living Trusts: Avoiding a Will Contest

Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can help avoid a will contest. Reason #5: Avoiding a Will Contest. It is true that a will is far more likely to be contested than a revocable living trust. That’s because a will […]

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