So, how do you go about coaching this team of guardians, agents, executors, trustees, and beneficiaries; and what should you expect from them in return? We’ve highlighted the best practices we encourage all of our clients, friends, and family to follow below:
As the flowers bloom and the days grow longer, spring serves as the perfect reminder that it’s time to refresh and rejuvenate. While you’re decluttering your home and tidying up your garden, don’t forget to give your finances a thorough spring cleaning as well. Just like your living space, your financial health requires attention and maintenance.
Umbrella (or Personal Liability) insurance is a term that is brought up often in the financial planning world. But what is it, exactly? And why is umbrella protection an important piece of someone’s financial puzzle?
While both men and women should have a plan in place for aging, the statistics particularly demand a female’s attention. According to the American Association for Long Term Care Insurance, more than 70% of nursing home residents are women. Add to that the 4.7 million women who used an in-home nurse aid just last year.
Life insurance is one tool which we often see not being used in the most appropriate manner, especially for women. If you’re a married woman, mimicking the insurance coverage your husband has may not be the best strategy. If you’re single, you may have skipped over it altogether thinking you don’t need any coverage. As you’ll see, there is no “one size fits all” solution for women.