Dealing with a loved one’s estate after they’ve passed away can be emotionally draining. Add to that the complex legal process of probate, and it’s easy to feel overwhelmed. If you’re wondering about probate duration in 2021, you’re not alone. Most people want this process over quickly, but unfortunately, probate often takes longer than expected. … Read more
Wills and trusts are popular estate planning tools, but they aren’t the only options for passing down assets. Items like life insurance policies, annuities, retirement accounts, and bank accounts that have beneficiaries listed can usually be sent directly to those beneficiaries when the owner of the item dies. As an example, if a decedent had … Read more
Yes, Married Couples Can Both Receive Social Security Benefits! If you’re approaching retirement age and wondering about Social Security benefits for you and your spouse I’ve got good news for you. The simple answer is YES – both spouses in a marriage can absolutely receive Social Security benefits simultaneously. But there’s a lot more to … Read more
Theres an old saying which says that the best time to invest was yesterday, and the second best time is now. And that couldnt be more true!. Ever looked at your child and wondered how to set them up for financial success? You’re not alone. As a parent, I’ve spent countless hours researching how my … Read more
The Quick Answer: Generally No, With Rare Exceptions Want to know if a trustee can just kick someone out of a trust? I’ll tell you the truth, and it might surprise you. In most cases, trustees cannot remove beneficiaries from a trust. However, this is not a power that comes with being a trustee. Trusts … Read more
Ever found yourself staring at legal bills and wondering if you’re being taken for a ride? Trust me you’re not alone. When it comes to probate costs in the UK most people are left scratching their heads, especially during such a difficult time. As someone who’s navigated these murky waters, I’m here to shed some … Read more
Social Security benefits are an important public service provided by the US government to provide financial support for retirees, disabled people and survivors. This system is funded through the income tax on employment (FICA) and covers almost all US citizens and legal residents. People who can’t work because of old age, illness, or an accident … Read more
“FIRE” stands for “financial independence, retire early.” This has become one of the most popular phrase among people under 60 in the last ten years. 1 But the reality is that leaving the workforce in the prime of your life requires even higher investment contributions and more severe cost-cutting than you might think. Has anyone … Read more
Probate can cause a lot of stress during an already difficult time. This guide breaks down the probate timeline to help alleviate that stress and simplify process. Probate Court is the process of settling a persons Will after their death. During Probate, a judge decides if the Will is valid and names an executor if … Read more
Have you ever wondered what happens to your retirement savings while you’re busy working? How do pension plans actually work behind the scenes? I’ve spent considerable time researching funded schemes, and I’m excited to share what I’ve learned in simple terms What Are Funded Schemes? Funded schemes are a type of financial arrangement in which … Read more