This article focuses on beneficiary designations and the need for coordinating them with the overall plan. This is part of a series of blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs. The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the … [Read more...] about Estate Planning Considerations – Beneficiary Designations
Last Will and Testament 101
Estate Planning: Last Will and Testament 101 I hear people all the time say why do I need a last will; it’s all going to go to my spouse anyway. Then I tell them the following story. I recently ran into an old friend whose spouse had passed away unexpectedly. She soon found out that her spouse did not have a will. She assumed that because they were married, everything would go to her when her spouse passed. Boy was she wrong. When a Kentucky married resident dies without a will, their … [Read more...] about Last Will and Testament 101
Planning for the Unexpected
Estate Planning is not just for people you consider "old"; it is for everyone. Take Charlotte Fox for example. She was one of the most famous mount climbers ever, who fell down her stairs at home. Are you planning for the unexpected? This article looks at the elements of a basic plan. Planning for the Unexpected June 6, 2018 by Steve Hartnett 0 Comments Charlotte Fox was an adventurous woman. She was a serious mountain climber and reached the summit of some of the world’s … [Read more...] about Planning for the Unexpected
You Never Know: Planning for the Unexpected Death
This article examines the unexpected death of two people who died from doing very typical things. Risks might be re around the corner, even in seemingly safe endeavors, so you should be prepared. The article looks at the elements of a basic plan. Ordinary Day Scenarios On a hot summer day, few things are more fun than swimming. Hannah Collins went swimming on such a day in the Edisto river near Charleston, South Carolina. She swam often and was nicknamed “river rat” by her father. But, while … [Read more...] about You Never Know: Planning for the Unexpected Death
6 Important Estate Planning Considerations – Part 3: Your Kids
This third article focuses on protecting beneficiaries by keeping in mind the differing needs of the beneficiaries and the need for different planning as a result. The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the potential for future Long-Term Care (“LTC”) needs. Often, when people think of … [Read more...] about 6 Important Estate Planning Considerations – Part 3: Your Kids
