10 Do’s and 1 Don’t for the Trustee of a Trust
Whether it feels like an honor or a burden (or both), you may have been appointed to serve as the trustee of a trust. What sort of responsibilities do you face in this role, and what can you do to...
Who Needs a Trust Instead of a Will?
Creating an estate plan can protect your loved ones and establish your legacy. With an estate plan, you can provide for your loved ones after your death, transferring to them such assets as your home, vehicle, bank accounts, and personal...
What Is a Trustee in Estate Planning?
A trustee is a person or institution appointed to manage a trust on behalf of the beneficiaries of the trust.
Being a trustee is a significant responsibility. Those serving in this role must always act in the best interests of...
11 Reasons You Need to Create an Estate Plan
Many people believe estate plans are only for extremely wealthy families who are looking to reap tax benefits. Or they may delay estate planning because they are young. Others do not understand why an estate plan is important in the...
Why Trusts Are Important Estate Planning Tools
Estate planning involves creating a plan for where – and to whom – your assets will go upon your death. The process can include making a will, designating which of your loved ones should receive your retirement accounts and life...
Blended Families and Wills in Estate Planning
Today, 16 percent of children in the United States live in blended families, according to U.S. Census data. This can include those living in households that have a stepparent, stepsibling, or half-sibling.
In many cases, stepchildren receive the same treatment as...
What You Should Know About Long-Term Care
Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer.
5 Ways to Update Your Estate Plan After a “Gray” Divorce
Deciding to end a marriage as an older adult is increasingly common. If your marriage ended later in life, you could be part of the “gray” divorce trend.
AARP reports that Baby Boomers, those born between 1946 and 1964, are...
Getting Help When Providing Care at Home for Aging Parents
As they grow older, your parents may prefer to continue living in their home rather than moving to a long-term care facility. They are not alone in this; more than three-quarters of adults over the age of 50 say they...
A Seniors Guide to Estate Planning
Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or older do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives.
These legal...