Planning for the future is something we do all the time. We schedule vacations, set aside money for retirement, organize long-term payment plans for a house and do what we can to support our kids as they grow up and think about what they want to be someday.
As you get older, you are often reminded of the importance of planning for your retirement. Retirement planning is important and is one thing that you can do to make life easier for yourself in the future.
In our last post, we began a discussion about the estate-related challenges currently being navigated by the family of the late Robin Williams. A court recently ordered Williams’s children and widow to try and settle their disputes over the course of the next few months. If the family cannot resolve their differences, they will likely need to litigate the issues about which they disagree.
Many Americans choose to work or to retire in locations outside the borders of the United States. Whether you are a Midwesterner seeking warmth in the Caribbean or a New Yorker seeking peace in rural Italy or France, it is important to take a few estate planning steps before you leave the country for an extended period of time.
When a young couple makes the momentous decision to get married, it often sets off months of planning that will undoubtedly leave them feeling satisfied yet completely exhausted after their walk down the aisle.
There is nothing wrong with wanting to save a little money where you can. Being responsible with your finances can lead to many positive rewards. However, it remains important to know when it makes sense to save and when it makes sense to spend. Failing to spend a bit of money where you need to can lead to disastrous consequences.
Did you know that the social media site Facebook offers users the option to designate a legacy contact? Essentially, a legacy contact is granted access to the user's account after he or she has died. This contact may then post to the user's timeline, update pictures and respond to certain requests on behalf of the user's account. Does this arrangement strike you as silly, odd or brilliant?
The modern American family is not constructed in any set pattern. While at one point in time the typical American family consisted of two married parents and many children, that construction eventually shifted to two married parents and a few children. Currently, the modern American family has no “typical” size, number of members or relational structure. Now, the prevalence of divorce, adoption, remarriage and a host of other factors have led the American family to emerge in a variety of forms.
Sometimes a process can be so overwhelming that focusing on the foundations of that process can help to make it more manageable. The process of estate planning can certainly be overwhelming and foreign. Therefore, it can help to focus on the basics and allow your attorney to guide you through any complexities or confusing nuance that you may encounter.
Each time a new year is ushered in, Americans are reminded to refocus their intentions, act in accordance with their values and set priorities. It is perhaps for this reason that many individuals either draft or review their estate plans at the beginning of the year. When thinking about the future, it is not difficult to be reminded that one day our interests will need protecting in very different ways.