Estate planning should best be viewed as a holistic endeavor. Yes, planning your estate involves preparing your financial assets for eventual distribution to your heirs, but there are other matters to take into consideration. Here are three things to think about.How to Transfer AssetsUnderstanding the general fact that you have to arrange for the transfer of your assets to your heirs is one thing. But how should you go about it?The answer to this question varies person by person. Some … [Read more...]
Pet Trusts Provide Peace of Mind
It's no secret that there are a lot of pet lovers in the United States, and as a senior you can join their ranks with peace of mind by creating a pet trust.It is important for every responsible adult to have an estate plan in place, and you should painstakingly cover all of your bases. At the same time, people live much longer than dogs and cats and most other animals. If you are a relatively young adult and you have family members who would obviously care for your pet if you were to pass … [Read more...]
Working Longer Comes With Rewards
Many people set a retirement date based on the age at which they become eligible to start receiving Social Security. Of course, there are those who can indeed retire as soon as they become eligible for Social Security benefits, but not everyone is in this category.Under currently existing laws, you can start receiving your benefit when you are as young as 62. If you do this, you must be willing to accept a reduced benefit. Your benefit would be 30% less than it would be if you waited until … [Read more...]
