What is a beneficiary deed?
/What is a beneficiary deed?
Read MoreWhat is a beneficiary deed?
Read MoreThings to consider before taking an advance on your inheritance.
Read MoreHow many times have you heard “You need a will.” or “You should update your will.” either from your attorney, your financial planner, or even just a good friend?
Read MoreAs our population ages, this question has become more and more common. We often have clients ask this for themselves, for friends, even for their own parents, and the answer is usually, “It depends.” Taking the time to analyze your unique situation and your goals is important when making the decision on whether or not to obtain Long Term Care (LTC) Insurance, and if so, when to purchase the policy.
Read MorePlease take a minute to review the topics and related questions below. Check off any concerns you have right now. Chances are there are questions listed below that will help us address some of the issues that may worry you.
Read MoreListen up, parents! This is important. I’m sure there are days when you feel like you’re just barely getting by. Days (and nights!) filled with diaper changes, meal preparation, and errands centered around the care of your children.
Read MoreA power of attorney (POA) is a legal form that allows someone to act on your behalf. The person you name to act on your behalf is called your attorney-in-fact. For instance...
Read MoreWhat is an estate plan?
Everyone has an estate, and it is comprised of everything you own – car, home, bank accounts, investments, life insurance and personal possessions. No matter how large or small, we all have something in common – you can’t take your possessions with you when you die. Most people think of an estate plan as how and to whom your estate will be distributed after your death, but an estate plan also includes documents that are used during life.
What documents are included in an estate plan?
Other documents may be used in an estate plan as needed, but these are the most common:
How do I get an estate plan?
The easiest way to set up an estate plan is to visit with an estate planning attorney. The attorney will draft documents based on your situation and will make sure they coordinate with state law. Be sure to note special situations, such as blended families or special needs children acquire the services of an experienced estate planning attorney to avoid unintended consequences.
Content Prepared by Elizabeth Braden, CFP® from Worley Erhart-Graves Financial Advisors
If you’re reading our blog about financial planning, you probably own financial assets. But the fact you are reading this blog post means you own digital assets as well. In fact, nowadays people of all ages tend to own digital assets, and most of us own quite an array of them.
First, there’s all that hardware we collect:
Then, think about all those accounts we use:
Digital assets management, or DAM, consists of management tasks and decisions surrounding the cataloguing, storage, retrieval, and distribution of digital assets.
“The digitization of business assets has created a new challenge for the development of succession plans for small business owners,” writes Jamie P. Hopkins, J.D. in the Journal of Financial Planning.
But even if you don’t own a business or ever plan to, smart financial and estate planning need to include how you want your digital assets handled, cautions Dennis Kennedy in Law Practice Today.
Facebook™ has gotten into the game of planning for digital assets. You’re now allowed to appoint a legacy contact for your account after you die. Or, you can set your Facebook account so that it’s permanently deleted when you die.
Here at Worley Erhart-Graves Financial Advisors, where our focus has always been on the accumulation and management of financial assets, we know how important it is to focus on managing all types of assets.
It’s getting late. Do you know where all of your passwords and user names are? Let’s talk about that.
Content was prepared by a freelance journalist on behalf of Worley Erhart-Graves Financial Advisors
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