That Last Step: Trust Funding
August 12, 2020
If you have updated your estate plan recently do not overlook the last step of trust funding.
- 1067 N. Mason Road, Suite 3, St. Louis, MO 63141
If you have updated your estate plan recently do not overlook the last step of trust funding.
For many older adults, claiming Social Security early would be a big mistake. It was a mistake made by many older workers, who lost jobs in the Great Recession.
Planning for death is like any other transition of life, except this is one we can make easier for our loved ones. Don’t let the process of settling your estate, a process commonly known as probate, get in their way — and cost them more money.
Losing a loved one isn’t just an emotional burden—it also carries an administrative load. There are flower arrangements to pick, eulogies to write and a stream of paperwork to sort through.
Estate planning is the process of arranging, while you are alive, what will happen to your estate, your children and your wealth after you die.
The value of long-term care insurance (LTCI) is an ongoing conundrum. There’s no doubt we’re living longer. According to LongTermCare.gov, a site provided by the U.S. Department of Health and Human Services, at least 70 percent of people 65 and older will need long-term care services and support at some time in their lives.
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
Under Illinois law, an individual holding a power of attorney is a fiduciary as a matter of law. The person designated as a power of attorney agent owes a fiduciary duty to the principal—the person making the designation.
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
An advanced healthcare directive – also known as a living will – is a legal document in which a person lists the specifics of medical care and comfort actions they desire, should the individual no longer be able to make decisions for themselves due to illness or incapacity.
1067 N. Mason Road, Suite 3
St Louis, MO 63141
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