Etta James, Others Remind of Need for Estate Planning in 2012

A few weeks into the new year, how many of your New Year’s resolutions have already fallen by the wayside? Exercise more. Eat less. Spend more quality time with family. Well it’s not too late to tackle a very important resolution that up to two-thirds of adults in our country ignore — estate planning. . . .

Time Frames

As you probably know by now, the world is supposed to end late in 2012. It couldn’t be coming at a better time. Given the state of the economy, the continuing problems with housing and unemployment, the issues with Europe, and the upcoming Presidential elections, maybe it is time to simply hit the reset button- if there is one, and start over again. . . .

Milford Attorney Explains the Difference between a Beneficiary and an Heir

Most people have heard the terms “beneficiary” and “heir” used often. Unfortunately, they are often used interchangeably, when in fact they have distinct legal definitions. If you are a Milford resident who is in the process of planning your estate, or are considering doing so in the near future, an understanding of both terms may be useful. . . .

Reverse mortgage – costs are down, so it might be time to reconsider

In the past year or so, the cost for reverse mortgages has decreased. Previously, this type of mortgage was fairly expensive to obtain, so it was questionable as to whether it was economically beneficial to obtain one. . . .

Why your estate plan should change with your life

It is important to periodically review your will and estate plan, especially in light of the following changes in your life . . .

Children

Most parents are concerned about how their children will be cared for in the event that both parents die. It is imperative to name a guardian for your minor children within your will. Also, parents should consider a trust if they wish to stagger financial inheritance distributions for their children, instead of having the kids receive a lump sum at the age of 18. . . .