When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who should get your assets if all your other beneficiaries are gone. Read on to learn more about this often-confusing concept.
Should there come a time later in life when you’re running low on money and require care, such as in a nursing home, it’s critical that you consider all financial options available to you. While many people turn their attention to long-term care insurance, Medicaid, and personal resources, there’s another idea to consider: a reverse […]
It’s never easy to think about leaving your family behind, but this is sure to come to mind as you create, modify, or review your estate plan. It’s important to answer the question of how your family will pay your final expenses. Without a concrete answer, you could leave them with a large amount of […]
You hope that it never happens, but there could come a point when you need to talk to a parent about nursing home care. There’s nothing easy about this, especially if you know that your parent will resist the move into a nursing facility. For this reason, it’s natural for you to put the conversation […]
The world is an unusual place. Things you’d never expect to happen sometimes actually do happen. There are natural disasters and unusual phenomenon. It’s important to prepare, not just for the unexpected but the eventual, as well.