An advance healthcare directive, sometimes called a “living will,” protects your right to choose what medical treatments you do and do not want when you reach the end of your life. You have a legal right to refuse any type of treatment, but an advance directive may be...
Month: June 2020
5 things to update in an estate plan after your divorce
The end of a marriage can change your life in ways you don’t expect. Divorce can be a stressful and exhausting process, but it doesn’t always end right after the separation is complete. After a divorce, there’s still an important step you should take to secure your...
Charity beneficiary might present a solution to Secure Act
At the start of 2020, the Secure Act took effect and left many people wondering about retirement plans and estate plans. In a scramble to help clients update plans and offer new protections, many financial advisors began to advise the use of a charitable beneficiary...
What does an executor do?
Being named a personal representative, also known as an executor, in a loved one's will is a huge responsibility. The executor of a will has many duties, from paying beneficiaries to settling the remaining debt. While the actual list of duties can vary depending on...
What are pros and cons of setting up a private foundation?
Some people feel satisfied making regular donations to a cause. However, you may want to set up an operation that raises money for your cause and endures beyond your lifetime. Such goals are why some people create a private foundation. Like other forms of charitable...
