In the old movie The Princess Bride, one of the primary characters constantly uses the word “inconceivable.” Eventually, one of the other characters says, “I do not think this means what you think it means.” The same thing applies to using Joint Tenants with Rights of Survivorship (JTWROS) as an estate planning tool. There are times when JTWROS is [...]
Remember that old adage, nothing is certain except death and taxes. Well, no matter your belief structure, or whether you’re reluctant to admit your own mortality, it’s a fact that none of us will live forever. And since no one knows if their demise will happen quickly or be proceeded by a lengthy illness, it’s good to make plans ahead [...]
Someone close to you dies and you are now the executor of the estate. You’ve never been in this position before and if you’re like many of my clients who have been faced with settling an estate, you’re a little panicked by the whole prospect—you’re staring into the great unknown with no idea of what it all entails. One [...]
Have you made preparations? It’s a question I’ve asked clients more times than I can count, but I was reminded of the significance of the question and the possible consequences when I recently asked the same thing of a family member. Bill (not his real name) is 70 years old and never been married. He’s in the early stages [...]
For those of us who’ve lived a while, we remember the “little black book”—the place you kept important contact information before the technology revolution. If you’re caring for elderly parents or you think that’s a possibility, encourage mom and dad to keep a little black book, not for dating purposes, but to help you take care of them in this [...]
If you’re a retiree or approaching retirement you probably remember Johnny Nash singing I can see clearly now the rain is gone I can see all obstacles in my way. Gone are the dark clouds that had me blind. It's gonna be a bright, bright, sunshiny day. And that’s exactly what today’s retirees want. It’s just fact that as [...]
Taking care of aging parents is not something most people ever expect to do. But as Americans live longer, the need to help mom and dad with various aspects of Senior living is becoming much more common. That may include being in charge of their finances, and giving you the legal right to act in that capacity is best done [...]
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