When we die it is often said that we need an estate plan that encompasses a will or a trust. There are also other documents like medical directives and power of attorney. The establishment of a proper plan is important but, in my opinion, a critical component that can easily be overlooked is protecting the family from money and themselves.Money, whether it’s from an estate or a life insurance death benefit can have catastrophic consequences on the family if the plan is not adequate with clear intent and leadership. A plan should clearly define the intent and the wishes of the...
November 12th, 2016 | Financial Planning, Retirement Planning, Seniors, HECM Reverse Mortgage, Estate Plan, Estate Plan Key Component - Protecting the Family from Money