Doctors work hard, they work long hours, and they have a fairly selfless job in which they take on challenges and even risks to help others when they need it most. The upside, naturally, is that they are fairly well compensated for it. The statistics from 2018 show...
estate planning
Chronic illness can influence estate planning
Do you suffer from a chronic illness? Whether it is severe or mild, you want to consider it carefully when you do your estate planning. It can have a big impact on the type of planning that you do.Many people assume that chronic illnesses are not that common, but it's...
When should you update an estate plan?
Creating an estate plan is a big step toward making sure your family members are taken care of after you pass away. While some people don't like having to make these plans, they do need to take the step anyway. Failing to do so can leave their family members without...
With grandchildren, money left may be money spent
All of your life, you've worked hard to save your assets and put money aside. Now that you're writing out your estate plan, you want to leave some of that money to your grandchildren.You have some big plans for them. For instance, maybe you know about the crippling...
Update all beneficiaries at the source, not in your will
Do you have any financial documents with a beneficiary, e.g., a life insurance policy? Maybe you have a retirement fund with a beneficiary who is supposed to get the contents of that fund when you pass away.As you write your will, you may think it's easy to adjust...
4 estate planning questions to get started
Estate planning is something you have never addressed because you just did not know where to get started. Now you're thinking you absolutely want to get a plan in place. What should you do first?To begin, just start by asking yourself a few basic questions. These can...
Estate planning after getting married again
You got married 20 years ago, had children and got divorced. Now you're getting married again. Is it time to think about estate planning? Do you need to create a plan or update the one you have?This is absolutely something to think about. If you don't, experts warn...
Staying in your home to leave it to your children
You want your children to have your house after you pass away. However, you do not want to give it to them as a gift in advance because you plan to live there until you pass away. Likewise, you don't want to sell it to them. So, if you just stay in the home and wait,...
Do you think of estate planning as an issue for women?
When you think about estate planning, who do you think it should focus on the most? Do you think it's for couples? Is it primarily for men? Is it a women's issue?While all people, of all genders, do need to do their estate planning, some experts do refer to it as a...
What can you do with your estate if you don’t have children?
For most people, estate planning just means leaving their assets to their children. When deciding who should make medical decisions for them and who should handle their financial affairs at the end of their lives, they also pick children.But what if you do not have...
