Life insurance has long been touted as an essential strategy for protecting a young and growing fam- ily. As we age, however, life insurance becomes more expensive and the need for it may lessen. Recently, clients of ours asked about donating a life insurance policy to charity. They had already put away their “nest egg”...
When one creates an estate plan, he or she will generally inquire as to the provisions that will protect the rights of minor children. What is often overlooked is planning for adult beneficiaries who may be receiving governmental benefits such as Medicaid or Supplemental Security Income. Certain govern- mental programs have income and resource limits...
Understanding who needs to do estate planning, what an effective plan should include and how to go about executing the documents, is key to establishing a valid and enforceable plan that is right for you. Misconceptions abound and any one of them can result in costly mistakes. Properly crafted, an estate plan will protect...
