Meanwhile, the client may not have enough insurance, proper estate planning documents, or an emergency fund.
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Brown was both physically and mentally strong when he signed his estate planning documents.
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Estate planning documents can be very complex and should be prepared by an attorney.
All estate planning documents should be reviewed and updated with critical life events like divorces and plans to remarry.
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Yet once you do become incapacitated, it is generally too late legally to make changes in your estate planning documents.
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Does everyone have enough life insurance, and have the beneficiaries of their insurance policies been coordinated with their estate planning documents?
Sudden change in estate planning documents , particularly Durable Power of Attorney, Trustee or signatory on a bank or brokerage account.
Estate planning documents if you keep them at home, rather than in the office of your lawyer or trusted financial adviser.
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The survey delved into why so many Americans lack estate planning documents.
There are several methods for effecting changes in irrevocable estate planning documents.
Be sure you have all the basic estate planning documents to leave your assets to the people or charities that you wish to benefit.
The following vulnerabilities were discovered: not saving enough for retirement, not protecting their wealth, having improper investments, and not having basic estate planning documents in place.
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She likely had some formal estate planning documents in place.
Under South Carolina law, as with other states, a spouse married after estate planning documents were created, as well as an after-born child, can claim a portion of the estate.
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You hope to increase your retirement savings, save for education, increase your emergency reserves, pay down debt and revise your estate planning documents, but there is only so much time in the day and money in your wallet.
As attention shifts beyond immediate needs, one of the next steps for surviving spouses should be updating their own estate-planning documents, including their will, power of attorney and health-care proxy.
For most, it means revisiting their own estate-planning documents.
His children sued, accusing the estate planning attorney who prepared the documents, and others, of undue influence.
FORBES: Court Scolds SC Attorney General For Hijacking James Brown Estate
While Brown did many things right with his estate planning creating a detailed and specific set of documents and a prenuptial agreement when he wed Hynie he still could have done more.
FORBES: Court Scolds SC Attorney General For Hijacking James Brown Estate
For example, 19% of those with no documents said they didn't have sufficient assets to warrant estate planning.
When proper estate planning is done, life insurance works hand-in-hand with the legal documents.
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