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…

Wives Facing Retirement Alone Will Experience Emotional and Financial Challenges – So Couples Need to Plan Ahead

It’s difficult for a married couple to visualize what the future will be like when one spouse has passed away. After all, today you’re both healthy and looking forward to enjoying many years of retirement together – and God willing, that’s what will happen. Nevertheless, at some point it’s a virtual certainty that one of…

New York Times Article Asks, “Can Your Estate be Divided Unequally and Still be Fair?”

Here at AgingOptions we have the opportunity to work with a wide variety of clients in the process of estate planning. In our experience, it’s not unusual to be deep in discussion concerning how a client wants to dispose of his or her assets after death, only to have the client look across the desk…

Been Putting Off Writing a Will? These Reminders Might Just Help You Stop Procrastinating and Get It Done

Just about everybody knows that dying without a will can cause serious problems for your loved ones. Here at AgingOptions, we are frequently asked about this topic, and as you can imagine, we have some strong opinions which we’ll discuss in a moment. First, though, we were drawn to this recent article by Liz Weston…

Forbes Report: Family of Rocker Tom Petty Embroiled in a Battle Royal Triggered by a Poorly-Worded Trust Document

If you’ve heard Rajiv say it once, you’ve heard him say it a hundred times: when it comes to your retirement, having plenty of money is absolutely no guarantee that you’ll leave behind the kind of legacy you hope to. Now once again, that axiom is being played out in the headlines in an ongoing…

Aging Couple planning for Medicare

Your 2019 Legal Laundry List: Make This the Year You Accomplish These Ten Estate Planning Priorities

Most of us like lists. Some people make To Do lists and follow them scrupulously, while others make lists and then ignore them. Still, whatever kind of list-maker you are, there’s something about seeing those important tasks on paper or your computer or smart phone screen that focuses our thoughts and rearranges our priorities. Being…

“Done Procrastinating” – How the Loss of a Loved One Looks and Feels for Those Left 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 just last week. At first, we weren’t sure how applicable the message in the column, written by writer Emily Maloney, would be to AgingOptions…