With assets worth at least $166,250, your will must pass through the probate court so your heirs may take legal ownership of your properties. The Judicial Council of California’s website notes that the individual who has custody of your will must submit it to the...
You have worked hard to accumulate wealth during your lifetime. After your death, you want to be sure your hard work benefits your children and other loved ones. If you have a child who has a disability, though, it may be risky to give cash or other assets to him or...
You want to provide for your loved ones after your death. You do not want them to be fighting with one another over your assets. You can create estate planning documents to give instructions to your heirs for your care if incapacitated and how to distribute your...
In the months after you welcome a grandchild into your family, you may begin to wonder about passing your assets down to your loved ones. Estate planning can help take that worry away since you can describe what you want in legal documents. Avoiding fights among...
Maybe you did not see yourself divorcing so close to retiring, but here you are. How does dissolving your marriage affect your estate plans? AARP explores gray divorce and how to adjust your estate plans while ending a marriage. Ensure you protect your estate and your...
Between 2015 and 2020's first quarter, the Federal Trade Commission logged at least 91,000 incidents involving fraud against senior citizens. As reported by the AARP, con artists often contact older adults by phone and impersonate their relatives. Known as the...
As you assemble your estate plan, you realize you do not have an agent for your power of attorney. Who should speak with your voice to act on your behalf or sell your home? American Bar Association explores the power of attorney document and offers tips for choosing...
Becoming a new grandparent is the start of an exciting new adventure in your life. Transitioning into the role of a grandparent can have its challenges. The following is a list of how to prepare for grandkids. Create a dedicated space If it's been a while since you...
As you grow older, you want to prepare yourself and your family for what may come. If you wish to remain at home during your later years, you should consider creating a plan for aging in place. When creating a plan for living at home, there are a few common factors to...