a new model for aging
Trials and Heirs by Andrew Mayoras and Danielle Mayoras Book Review Did you Know? Chief Justice Warren Burger left a will that contained only 176 words for an estate worth over $1.8 million. “Queen of Mean” Leona Helmsley created a $12 million trust to care for her Maltese named Trouble. Marlon Brando changed his will a mere 13 days before dying. The estate of Jimi Hendrix was … [Read more...]
Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can help protect your privacy. Reason #6: Privacy. Most of us naturally dislike the concept of probate because it is a public process. Theoretically, anyone can go into probate court when a person dies and look at the estate file. You can read the will, you can find out … [Read more...]
Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can help avoid a will contest. Reason #5: Avoiding a Will Contest. It is true that a will is far more likely to be contested than a revocable living trust. That’s because a will goes into effect only when a person dies, whereas a revocable living trust goes into … [Read more...]
Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can help avoid probate. Reason #4: Avoid Probate. It is true that property in your revocable living trust will not go through probate when you die. That’s because the trust instrument spells out who gets the property. It’s a lot like life insurance, annuities, … [Read more...]
Ed. Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can prepare for incapacitation. Reason #3: Managing Property upon Incapacitation. One of the major concerns that many of us have today is not about dying - it’s about living too long! We see it all around us - we worry about our parents living in their own home. We … [Read more...]
Ed Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts can reduce estate taxes. Many people say that a revocable living trust doesn’t save estate taxes. Technically, they’re right. There are no provisions in the federal tax laws that exempt revocable living trusts from estate taxes. However, living trusts are often used … [Read more...]
Ed Note: Older adults have planned many aspects of retirement, but failed to create an estate plan. Explore how living trusts protect property. If you’ve ever thought about a living trust, it’s probably because you hate the idea of going through probate. Living trusts have been heavily marketed on that basis over the past several years and, yes, living trusts certainly do avoid probate. … [Read more...]
A NEW KIND OF HEALTH CLUB HELPS OLDER ADULTS BEATS HIGH GAS PRICES! “You don’t have to drive very far, or spend much money on gas, to keep physically, mentally and spiritually fit,” says Nancy Merz Nordstrom, author of “Learning Later, Living Greater: The Secret for Making the Most of Your After-50 Years” (Sentient Publications: ISBN: 1-59181-047-7). “Just join what I call a … [Read more...]
Ed Note: Have you had to overcome obstacles in your life? Author Lynne Klippel share tales of tragedy and redemption in her new book Overcomers, Inc: True Stories of Hope, Courage and Inspiration.What inspired you to be a contributing author in Overcomers, Inc.?The idea for Overcomers, Inc. came to me in a dark time. My mother, father and brother all had cancer. Everyone was worried and fearful. I … [Read more...]
Ed. Note: Where to Retire shares desired destinations for those wishing to relocate after retirement. Provided by author Warren R. Bland, these summaries offer a quick overview of the most desired retirement communities.By Warren BlandFrom its beginnings as a resort city offering curative waters to its continued growth thanks to military bases and high-tech and service industries, … [Read more...]