Mark Twain was right. He passed away one day after the comet’s closest approach to earth. A month later, his last will and testament was admitted by a Connecticut probate court appointing three friends as executor trustees to administer his estate. According to the article “Who will advocate for your estate?” appearing in 83 degrees, his estate plan choices turned out to be a terrible mistake.
Beth Wallace and Amie Klemmer, the two oldest daughters of the late owner of the Denver Broncos, Pat Bowlen, filed a lawsuit in a Denver area court challenging the validity of their father’s trust, arguing that their father didn’t have the mental capacity and was under undue influence, when he signed his estate planning documents in 2009.
The trust has a no-contest clause, according to Colorado Public Radio’s recent article “Pat Bowlen’s Kids Are Still Fighting Over Inheritance As 2 Daughters File Lawsuit.”
Many people daydream about what they will do when they retire, and one common theme is getting to take naps. You might find, however, that taking that siesta can leave you tired for the rest of the day or unable to sleep at night. Researchers have found that napping the right way can improve your productivity and health. If you find yourself dragging through the afternoon or evening, whether you are retired yet or still working, you might want to learn how taking a nap can help you keep up with the grandkids.
As parent’s age, it becomes more important for their children or another trusted adult to start helping them with their finances and their legal documents, especially an estate plan. In “Six tips for managing an elderly parent’s finances,” ABC7 On Your Side presents the important tasks that need to be done.
The Friday Tunes are getting revved up for Cruisin’ the Coast.
Come say hello on the front lawn at 4836 Main Street in Moss Point on Tuesday, October 8 from 10 – 2 at Cruisin’ the River City in Downtown Moss Point!
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A family has set up their estate plan. Two sons are already in the farming business and are thriving. Their daughter will receive the proceeds from a second-to-die life insurance policy and their considerable savings. The amounts are not equal in amount, but they are an equitable inheritance, and it seems like the couple has done its homework.
However, asks an article in The Courier, “The will is done, you’re sitting pretty—but are you?”
In the latest conservatorship hearing for Britney Spears, it was determined that “[Montgomery] shall have the power to communicate with treating and other expert medical personnel regarding [Britney], and to have access to any and all records regarding [Britney’s] medical treatment, diagnosis and testing,” the documents state. “[Montgomery] shall have access to any and all records regarding [Britney’s] psychiatric treatment, diagnosis and testing.”
When you buy, sell, or transfer ownership of a property to another, you need to be aware of what type of deed a property has, and what type of deed to use when you transfer your interest in a property to someone else.
Healthcare can be one of the biggest expenses in retirement. Fidelity Investments found that a 65-year-old newly retired couple will need $285,000 for medical expenses in retirement. That doesn’t include the annual cost of long-term care. In 2018, that expense ran from $18,720 for adult day care services to $100,375 for a private room in a nursing home, according to Investopedia’s recent article, “How to Plan for Medical Expenses in Retirement.”
The phrase “sandwich generation” is used to describe people who are caring for their parents and their children at the same time. The number of people who fall into this category is growing, according to an article from The Motley Fool, “How to Help Your Parents Retire Without Derailing Your Own Retirement.” A survey found that about 16% of Americans are currently caring for an elderly relative, and this number is expected to double within the next five years.
What’s worse, very few people are planning for this situation.