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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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Are you a member of the Sandwich Generation?

Are you a member of the Sandwich Generation?

Are you a member of the Sandwich Generation? Do you care for your children but also help take care of your aging parents? Even if they do not live close by, do you have concerns about their care?

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What is a Durable Power of Attorney?

What is a Durable Power of Attorney?

 

Durable Power of Attorney, also called a Financial Power of Attorney, is a legal document that allows you to designate another to make all your financial and business decisions. An “agent” is the person you designate to act as your power of attorney, also called “attorney-in-fact.”

You can use a Durable Power of Attorney if you are hospitalized, in a coma, or even just out of the country. A Durable Power of Attorney is not contingent on you being unable to handle the transactions yourself. If you have one or more businesses or private bank accounts, you may want someone to stand in for you to manage your affairs if you can’t.

Other FAQ about durable attorneys

Who should I choose as my agent?

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10 Estate Planning Myths

10 Estate Planning Myths

Which estate planning myths are holding you back? Don’t have a will yet? You are not alone. According to a 2015 Harris poll on behalf of Rocket Lawyer: 64% of Americans don’t have a will. Why? Procrastination maybe. Or the fact that there are a lot of myths surrounding estate plannings. Here are the 10 most common estate planning myths debunked.

Myth #1: It is too late to start. 

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Welcome

Welcome to www.HodderInk.com a website to educate, inform, and entertain you as you go through the journey of caring for your family. Whether you are a parent, grandparent, member of the Sandwich Generation, or person worrying about aging parents, there will be useful information for you!

Now available “Estate Planning for the Sandwich Generation: How to Help Your Parents and Protect Your Kids” at Amazon and booksellers everywhere. Reviews can be found on our Book Review page.