Financial Literacy in Working Women Improves While Knowledge Gap Persists for Female Retirees and Widows

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Recent studies reveal that financial capability among working women is improving, but closing the financial literacy gap has a long way to go as it relates to retired women and older widows. Women will be alone and in charge of themselves for a long period of time. But statistics show that women probably don’t have an estate planning attorney, CPA, or financial planner on their personal team of professionals to help them along the way.

Financial advisors and estate planning practitioners ...

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Coping with an Unexpected Death in Your Home

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Death often comes without warning. Returning home to find that a loved one has passed away unexpectedly can be traumatizing and leave you in a state of shock and disbelief. Your ability to think clearly is compromised as stress levels rise, and stress affects your ability to make quick decisions. Confusion sets in. You panic. What should you do? Who should you call first?

While it may seem unusual, our firm has received calls from distraught and bewildered clients seeking guidance ...

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Who Will Raise My Children if I Die Without Naming a Guardian?

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For parents, the summer months are a welcome change in routine. Families go on vacation, children enjoy day camp, and grandparents are excited to give busy parents a much-needed break. Although summer provides a time to relax and enjoy family activities, it’s also the ideal time for parents to ask themselves, “Who will raise our children if something happened to us?”

Each year, National Parents’ Day occurs on the fourth Sunday in July and serves as a reminder of what it ...

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Asking Tough Questions Could Save an Older Driver’s Life

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The crash statistics are alarming. Nearly 4,200 seniors age 70 or over died in automobile crashes nationwide in 2012, according to a report by transportation research group TRIP. The report also found that Florida leads the nation in the number of senior citizens killed in traffic accidents.

As greater numbers of retirees move into Florida and as the existing population continues to age, each of us has a responsibility to our loved one to determine whether he or ...

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Who Will Inherit Prince’s $150 Million Estate?

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According to TMZ.com, Prince died without a Last Will and Testament.  If true, this means that Prince died “intestate.”Oh, U Got the Look  – stop judging.  The majority of Americans age 55 to 64 don’t have wills.  However, the majority of Americans aren’t worth Prince’s estimated $150 million.  Who will inherit Prince’s Raspberry Beret  and everything else?

Unfortunately, choosing not to act and failing to work with a lawyer to create an estate plan is essentially a choice to allow state law to ...

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If an Estate Plan Were a Car: Understanding Will-Based vs. Trust-Based Planning

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If you are confused about the differences between a will-based estate plan and a trust-based estate plan, you’re not alone.

According to a recent informal survey we conducted of a group of Central Florida seniors over the age of fifty, 65 percent of those completing the survey indicated they were confused about the topic and would like to learn more about how a will differs from a living trust.

Our clients (and future clients!) enjoy the use of analogies to help them ...

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My Wishes, My Way – Steps to Ensure Your Advance Directives Are Honored

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It happens too often. A health care emergency occurs; panic ensues, and the patient’s end-of-life wishes take a back seat to established protocols to extend life. Failing to honor a patient’s advance directives can increase the individual’s discomfort and prolong the dying process – the opposite of what the patient wanted.

As professional advisors, we understand how strongly our clients want their advance directives to be honored. That’s why we remind individuals of all ages – from young adults age 18 ...

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Yes, Virginia, Your Uncle’s Will Must Be Probated

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During the month of January we began seeing a flurry of clients walk through the door with probate issues.  Based on what we’re seeing, most Americans – irrespective of educational background or socioeconomic circumstances – seem to be under the misimpression that having a will means the beneficiaries will receive their inheritance posthaste and without having to pay legal expenses associated with probate. Wrong. Probate is the legal process where a will is determined to be valid or invalid, ...

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Six Tips to Start Your Financial Goal-Setting

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The month of January generates a steady stream of news articles and broadcast messaging about financial goal-setting. To cut down on the overwhelming clutter we’ve compiled a series of tools, tips, and resources to support your financial wellness efforts.

Has the recent stock market volatility left you wondering if you have to adjust your spending to meet your financial obligations?  Are you worried if your retirement savings or withdrawal strategy is enough?  Are you confused about where to ...

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