Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before.
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim an amendment naming the children as beneficiaries is invalid with no witnesses, misspelled names, suspicious signatures and was never given to previous trustees for review as required by agreement. A long, expensive, and protracted legal battle likely is brewing.
I’m looking for guidance on where to start with planning in case something happens to me or my husband.
People often overlook critical steps when they are doing their estate planning.
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
There are many options, but the best use of the money is different for each widow and her unique circumstances.
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.
Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget.