There are 10,000 people turning 65 every day from now until the year 2040. In addition, advances in medicine and health treatments means that these individuals will live longer, and may require help along the way in the form of long-term care at home or in an assisted living facility. Getting older isn’t easy, and[...]
The short answer that is for majority of estate planning tools such as putting together a will, is that you certainly don't need a lawyer. However, you should certainly hire an attorney if you have a fair amount of assets, multiple intended beneficiaries, and want to ensure that your will has been drafted in accordance[...]
Do you know a teacher or someone that works for a school district? In the first segment, we explore how public school employees have been sold terrible variable annuities, even as the reps looked like they were endorsed by the district. Then, do you think that “trusts” are just for rich people? Well, they’re not.[...]
A recent study from the Chicago-based BMO Wealth Management Company identified that up to 40% of adult parents had not had conversations with their children about their estate planning intentions. This can lead to confusion or worse, frustration, if and when a parent passes away unexpectedly. Approximately 28% of adult children indicated that they had[...]
On Episode 2 of Make It Last with Victor Medina, we discuss how to create wealth in your 50s, and the new Department of Labor “fiduciary” rule. Does this rule protect investors as much as the reports suggest? How can you make sure that you’re advisor works in your best interests instead of their own?[...]
Hey everyone, As you may have heard, I launched a new radio show called Make It Last with Victor Medina. It has it's own website, and you can listen to the show on iTunes if you can't make it on Saturday mornings at 7:30am on WCTC 1450 AM. Here is a link to the first show.[...]
Planning ahead for your future likely involves a sit-down meeting with a New Jersey estate planning attorney, and that conversation may include mention of estate planning tools such as a revocable trust. Known for its flexibility, the revocable trust empowers you to maintain control over assets placed inside and the trust itself over the course[...]
Setting up a consultation with an experienced estate planning attorney is strongly recommended, so that you have the opportunity to walk through your individual situation and determine strategies and tactics that will help you accomplish your estate planning goals. Putting together an estate plan and outlining the essential documents such as a will or a[...]
A trust is a relationship in which one person's assets are held inside for the intention of passing on to specific beneficiaries. One of the primary reasons that people choose to use a trust is because the assets no longer belong to a grantor after they have been transferred into the trust. You can also[...]
Far too many people across the United States assume that estate planning is only for the old or the wealthy. Unfortunately, however, that is not true and it becomes increasingly important in an age in which many people are realizing the negative impacts of potential disability or life-changing accident. Estate planning does not have to[...]