Will Each of Your Kids Get an Equal Inheritance? How You Handle That Question Can Cause Family Strife – or Prevent It

As you plan ahead for the end of your life, one of the decisions you’ll want to think carefully about is the eventual disposition of your estate. If you plan to leave your assets and possessions to your children – and if you have more than one heir – you’ll have a potentially tough choice…

Focus on Estate Planning: Review Your Plan Regularly to Steer Clear of These Planning Pitfalls

The term “estate planning” means different things to different people at different stages of life. Estate planning encompasses – or should encompass – an entire adult lifetime of saving, planning, preparing, and insuring, all with the goal of finishing life well and passing your legacy along to the next generation. Once in a while, then,…

Focus on Estate Planning: If You Need a Will – and You Do – Is There a Way? Even in a Pandemic, No One Needs to Pass Away Without One

Isn’t it strange how it sometimes takes a national emergency to get us to do the things we’ve always intended to do, but never quite got around to? Writing a will is one of those items languishing on many people’s To Do lists. (How else do you explain the fact that, according to AARP, roughly…

Focus on Estate Planning: If the Pandemic Has Prompted You to Get Serious About End-of-Life Directives, AgingOptions Has the Solution

As part of our commitment to helping you make the most of the unusual circumstances triggered by the coronavirus pandemic, the team at AgingOptions, along with our partners at LifePoint Law, want to make it as easy as possible for you to experience the peace of mind that comes with proper legal planning.  But how…

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Focus on Estate Planning: Three Reasons You Need an Attorney for Your Will

As a service to Aging Options blog readers, we’re always on the lookout for helpful articles from a variety of sources.  The following column comes from Missouri-based Rudy Beck, Attorney and Founder of Beck and Lenox Estate Planning & Elder Law, LLC. We’re re-posting it this week as part of our special Focus on Estate…

Estate Planning 101: It’s More Important Than You Think, and Now You Can Execute Your Plan from the Safety of Your Own Home

This week we read an article that explains some of the basics of estate planning, but it left unanswered the biggest question on the minds of many these days: how can you execute an estate plan at a time when much of the country is in virtual lockdown and we’re not even supposed to leave…

Designating a Power of Attorney is a Critical Step – Just Make Sure You Don’t Start a Family Feud in the Process

Over the years here at AgingOptions we’ve dealt with hundreds of families, and we’ve seen some of the harm that poor planning combined with toxic family dynamics can create. Estate planning done poorly offers limitless opportunities for family tensions. A prime example: as you approach retirement, you may be thinking about designating one of your…

The Capitol Building is where they debate social security benefits.

If You Have a Large IRA, Beware: the Just-Passed SECURE Act May Have Created a “Big Tax Bomb” for Your Heirs

It was a rare bi-partisan moment two months ago in Washington, DC, when the SECURE Act passed both House and Senate by a wide margin. This important piece of legislation, which took effect January 1, 2020, was the first major retirement-related legislation since the 2006 Pension Protection Act. In classic “Washington-speak,” SECURE is an acronym…

Important New Year’s Resolution: If You Want Your Estate Distributed Properly, Now’s a Good Time to Update Your Beneficiaries

Here’s a question: if you’ve made it clear in your will which of your heirs should inherit money from your estate, how it is possible that those funds will end up going to someone else? The answer is simple: if you’ve forgotten to update the beneficiary information on a life insurance policy, retirement plan, or…

“Done Procrastinating” – How the Loss of a Loved One Can Stimulate Us to Care for Those We’ll Someday Leave Behind

Here at AgingOptions we like to share articles that tell a familiar tale in an unconventional way. That was our reaction to this touching and poignant article from the Washington Post which we first discovered and shared last year. At first, we weren’t sure how applicable the message in the column, written by writer Emily…