Is Estate Planning and Writing Will the Same Thing?
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
2022 has been a tough year for many seniors, but the outlook for 2023 shows some potential ‘silver linings.’
Even short bouts of physical activity in an otherwise sedentary lifestyle were associated with a significantly lower risk for dying, researchers reported.
The main responsibility of an executor of a will is to carry out the final wishes of the person who bestowed that position of trust.
A joint and survivor annuity provides lifetime income payments for an annuity owner and their survivor. You contribute a lump sum of money to the joint and survivor annuity and can usually start receiving income almost immediately.
A last will and testament is essential for every adult. It establishes one’s wishes for distributing their property, whether real or personal, after death.
Kirstie Alley enjoyed the fruits of her labor following a successful career in the limelight, leaving behind a $40 million fortune and massive real estate portfolio.
The misconception that estate plans are only for wealthy individuals often prevents people from putting a plan in place. However, having an estate plan is beneficial for anyone.
Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.
Succession planning involves accounting for the worst-case scenario. Without accounting for these risks, your plan could fail, require expensive litigation or jeopardize the family farm.