Having Assets in Multiple States

Today, it is common for retirees to have residences in multiple states. Some choose to keep his or her family home and acquire a small home in Florida to visit during the cold months. When a person who owns residences or financial accounts in two different states passes, an ancillary probate proceeding must be commenced […]

The Importance of Updating Retirement Account Beneficiary Designations

Many estate-planning mistakes involve retirement accounts. If you or a loved one has rolled over an employer sponsored 401(k) plan into an existing IRA, it is imperative that you update the beneficiary designation form that is on file. The failure to do so may result in an unintended beneficiary. Many individuals unintentionally fail to update […]

Think Tank Urges Seniors to Look to Reverse Mortgages as Part of Retirement Plan

With what he sees as today’s seniors being “home-rich” but “cash-poor,” G. William Hoagland, senior vice president of the Washington, D.C.-based think tank Bipartisan Policy Center (BPC), suggested that seniors look outside traditional forms of retirement planning and start thinking about reverse mortgages, according to an article from Reverse Mortgage Daily.

Speaking before a policy […]

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