Planning for the future is a crucial part of managing your financial well-being. One essential aspect of this planning is considering long-term care in your estate plan. By addressing long-term care, you can protect your assets, ensure you receive the care you need,...
Protect Yourself And Your Family
Year: 2023
How can estate planning benefit a young family?
In the whirlwind of early parenthood, changing diapers and midnight feedings, thoughts of mortality and estate planning may seem like a distant concern for young families. Estate planning, a process that involves organizing your assets, addresses the financial...
Top considerations when overhauling your estate planning
Estate planning ensures the proper distribution of your assets when you pass away. Many people can have estate plans for years with no adjustments. Over time, your circumstances may change, prompting the need for an overhaul in your estate plan. Life changes and...
What is important to keep in mind while choosing beneficiaries?
According to the Federal Reserve, the average American household gets $46,200 when it comes to inheritances. When it comes to estate planning, one decision stands out among the rest: selecting beneficiaries who get this inheritance. This choice can significantly...
Understanding how revocable and irrevocable trusts differ
When planning for the future, it is important to consider asset management and distribution. A trust is a type of legal arrangement that allows you to transfer your property and assets to a separate entity, with that entity then managing the trust according to your...
When should you update your estate plan?
Some people view estate planning as an end goal or a finite process. This is far from the truth. Estate planning evolves over time, which means ongoing involvement. When you create an estate plan, you should make an effort to keep it updated and current. There are a...
Understanding Medicaid planning in your New Hampshire estate plan
Medicaid planning plays a vital role in estate planning. This process involves strategically organizing your finances to ensure you qualify for Medicaid, particularly for long-term care, while preserving your assets for future generations. Given the complexities of...
Should you include aging in place in your estate plan?
Looking ahead, you may consider forming an estate plan to help manage your assets before and after your death. Fidelity Investments recommends creating an estate plan depending on the size of your estate, the number of your assets and if you have a family. An aspect...
The difference between a durable and regular power of attorney
When planning for the future, it becomes important to understand the legal instruments available for personal and financial affairs. Two common instruments are the power of attorney and the durable power of attorney. Both allow a person to appoint another individual...
What to expect and not expect from Medicare
Medicare is a program that provides healthcare to those who are 65 years of age and older, as well as some who are under the age of 65 and on federal disability. This assistance can be a lifeline for people in New Hampshire who cannot pay for some or any of the...