Topics: family dispute, Estate Planning
Topics: Estate Planning
Topics: social security, Estate Planning, divorce
How much money you need "in the bank" when you retire depends on many factors, including the following:
Living standards. How much money will you need each month to live the way you want to live? Does that include travel? A second home? Gifts or support to children and grandchildren? Create a budget as a starting point, and then assume that it will increase at least 3 percent per year to account for likely inflation.
Topics: MassHealth planning, long-term care insurance, Estate Planning, Retirement Planning
Topics: Estate Planning
Topics: incapacity, Estate Planning, second marriage, probate
Topics: Estate Planning
Topics: nursing homes, Estate Planning
In your durable power of attorney you can name one or
more
agents (technically called "attorneys in fact") to step in and act for you on legal and financial matters in the event of incapacity. This can be your most important estate planning instrument and can save your family a lot of trouble and expense if you were injured, became ill, or were to suffer from dementia.
Topics: Estate Planning
Download Planning Ahead, our new book on estate long-term care and special needs planning.
