These mistakes in estate planning are drawn from Trial & Heirs: Famous Fortune Fights! (www.TrialandHeirs.com) by Andrew W. Mayoras & Danielle B. Mayoras. The Mayoras are both husband-and-wife as well as legacy expert attorneys.http://www.financial-planning.com/photo_gallery/fp/1_32/photo/-2672109-1.html (Thanks to Financial Planning Daily.)
You may not have a multimillion dollar estate, but each of us needs to plan for our inevitable demise and care for those who are dependent on us, and make sure our money goes where we want it to after our death. Don’t procrastinate. A great place to start is at Nolo Press’s website: http://www.nolo.com/legal-encyclopedia/wills-trusts-estates/
RE: long-term care insurance
ReplyDeleteWhat's the smartest coverage for long-term care insurance? My options are 3 or 5 years, or indefinite payout in the event of needing long-term care. Premiums, of course, are higher for the longer coverage.