Category: finances

5 Essential Steps for Estate Planning After Divorce

5 Essential Steps for Estate Planning After Divorce

After a divorce there are five important steps to take to protect yourself and your family including updating your will, considering a trust for a minor child, checking beneficiary designations, updating powers of attorney, and checking other estate planning documents.

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8 tips to help seniors avoid scams

8 tips to help seniors avoid scams

CNBC reports that older Americans have been scammed to the tune of $3 billion annually. But what is the best way to help seniors avoid scams? Vigilance!

First, be aware of the threats seniors face from criminals and scammers. Identity theft is on the rise especially from computer programs. If you have aging parents, they could fall victim to the many of the sophisticated attempts to get personal information. Continue reading “8 tips to help seniors avoid scams”

For richer or poorer: Having a financial conversation with your spouse

For richer or poorer: Having a financial conversation with your spouse

Having a financial conversation with your spouse may be harder than scheduling a date night. While it may be boring and uncomfortable going over finances and budgets, it is important for your family’s financial health. Talking about spending and saving gets you and your spouse on the same page working together towards your shared goals.

Many times, one spouse primarily pays the bills and manages the money. What happens if the spouse handling the money suddenly becomes incapacitated or dies? The spouse left behind has to figure out everything.

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