What happens when you need to make changes to a will? First of all, congratulations on already having a will! But as life goes on you may change your mind about the particular provisions in your will. Minor changes to a will can be done through a codicil. A codicil is a legal instrument that modifies a previous will.
Continue reading “Making changes to a will – What is a codicil?”
When my father passed, he left detailed instructions about his finances and life insurance policies. As he was an organized man, this was not surprising. What was surprising was that he had 5 different life insurance policies. Instead of getting one large policy, he added policies as his circumstances changed and his income increased. This was not a bad idea but I kept thinking as I filled all 5 claims, “What if he hadn’t written down all this information?”
A little-known fact is that unclaimed life insurance is a huge problem. You may have applied for life insurance benefits to provide for your family and diligently paid the premiums. However, your policy could be lost, misplaced, or forgotten. If so, your beneficiaries won’t know to collect your life insurance benefits.
Insurance companies are not obligated to contact you about a life insurance policy they are holding, even if they learn that the insured has died. Therefore, if your family does not know what policies you have, they do not know to file a claim upon your passing.
Continue reading “Unclaimed life insurance? Don’t let your family lose benefits”
Is it possible in the age of social distancing that we can also be a caregiver? Caregiving involves empathy and connection. You have empathy. However, maintaining a connection during mandated social distancing is difficult.
Social distance caregiving is similar to long-distance caregiving. Read this post for 10 tips for long-distance caregivers.
Continue reading “Social Distance Caregiving: Love in the time of Coronavirus”
The following is a guest post by byACRE to share information for the Sandwich Generation. We do not have any financial arrangements with byACRE and do not profit from them.
Continue reading “Help Aging Family Members by Discussing Mobility Issues”
Continue reading “First step in estate planning? Check beneficiary designations”
When making their wills, the biggest hurdle parents face is deciding who should take care of their minor children. This is especially difficult when parents can’t agree on who the best guardian is for their children.
Recognize that no one will be as good as you in understanding your children. However, that doesn’t mean your guardian can’t do their best. You must identify the next best person. It is not an easy decision, but naming guardians for your children is one you should make.
Continue reading “It’s National Estate Planning Awareness Week!”
Continue reading “How to choose an estate planning attorney”