As individuals approach retirement age, conversations about estate planning necessarily include a projection of retirement expenses. In a recent post, we noted that defined contribution plans, like 401(k) plans, might not encourage long-term projections because they result in a lump sum accumulation.
Generally speaking, estate property identified in a will must go through probate before it is transferred to beneficiaries. Probate means court administration and the details of a will becoming a matter of public record.
Parents of minor children may have ample motivation to breach the topic of estate planning, but what about young singles?
As life expectancies increase, old approaches to spending retirement savings are being reexamined.
In our recent estate planning blog posts, we’ve explored different types of trusts. Today’s post explores another benefit: longevity.