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Estate Planning for Gen Xers and Aging Parents For Financial Peace of Mind

Estate Planning for Gen Xers and Aging Parents: For Financial Peace of Mind

POSTED ON: April 19, 2024 BY: Troy Werner
Many Generation Xers are in a unique position, “sandwiched” between raising their children and caring for aging parents. A proactive estate plan can help alleviate financial burdens and smooth aging parents' path into retirement for both generations.
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Estate Plans and the Rising Need For Elder Law and Advance Care Planning as We Age

Estate Plans and the Rising Need For Elder Law and Advance Care Planning as We Age

POSTED ON: April 18, 2024 BY: Troy Werner
Elder law attorneys help seniors protect their life savings for future generations and plan for long-term care by empowering individuals to navigate the journey of aging with dignity, security, and peace of mind.
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Aging Baby Boomers Highlight Significance of Elder Law in Estate Planning

Aging Baby Boomers Highlight Significance of Elder Law in Estate Planning

POSTED ON: April 17, 2024 BY: Troy Werner
The fact that many baby boomers lack the robust pension and Social Security benefits enjoyed by their predecessors underscores the importance of working with an elder law attorney to plan for financing long-term care and guarding existing assets as they age.
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The Surprising Ways Trusts Future-Proof Your Estate Plan, Providing Flexibility and Intention

The Surprising Ways Trusts Future-Proof Your Estate Plan, Providing Flexibility and Intention

POSTED ON: April 16, 2024 BY: Troy Werner
In a season of economic unease, inflation, and changing state laws, strategies like trusts, trust protectors, and a clear purpose statement in your estate plan ensure that your assets and values transfer according to your wishes.
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Select Estate Planning for a Taxing Inheritance Estate Planning for a Taxing Inheritance

Estate Planning for a Taxing Inheritance

POSTED ON: April 15, 2024 BY: Troy Werner
Inheriting a pre-tax IRA may be less beneficial than the parent intends.
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Can Estate Planning Address ‘Third Generation Curse?’

Can Estate Planning Address ‘Third Generation Curse?’

POSTED ON: April 12, 2024 BY: Troy Werner
Thorough communication with heirs about values and various elements of your estate plan could help younger generations better manage their inherited wealth.
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Digital Life Lives on After You’re Gone, Unless You Plan Ahead

Digital Life Lives on After You’re Gone Unless You Plan Ahead

POSTED ON: April 11, 2024 BY: Troy Werner
We all have a digital footprint that does not necessarily die with us. There are three things you should do to best prepare your executor, trustee or other personal representative to properly handle your posthumous digital affairs.
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Do You Need to Worry About Estate Taxes in 2024

Do You Need to Worry About Estate Taxes in 2024?

POSTED ON: April 10, 2024 BY: Troy Werner
Often clients are anxious to make annual gifts with the mistaken belief that their heirs will pay a tax at their death.
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A Well-Rounded Estate Plan Addresses Cognitive Decline

A Well-Rounded Estate Plan Addresses Cognitive Decline

POSTED ON: April 9, 2024 BY: Troy Werner
We explore the critical importance of addressing cognitive decline in estate planning to safeguard assets and ensure intended inheritance.
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Estate Planning Checklist for 2024: A Comprehensive Guide

Estate Planning Checklist for 2024: A Comprehensive Guide

POSTED ON: April 8, 2024 BY: Troy Werner
Estate planning is more than writing a will; it’s a plan to manage and distribute assets to your dependents. It documents your healthcare preferences, so a loved one decides on medical care according to your wishes. The National Council on Aging (NCOA) Adviser’s article, “Estate Planning Guide and Checklist for 2024,” offers a comprehensive overview of what to consider when planning your estate. This blog post distills the key points from the article and provides an actionable checklist for 2024. Understanding Estate Planning Estate planning organizes your affairs to fulfill your wishes after you pass away. It encompasses decisions about…
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