Comments on: 7 Tips for a More Successful Retirement http://www.figuide.com/7-tips-for-a-more-successful-retirement.html FiGuide's free daily tips provides short, actionable strategies to help you achieve a successful, worry-free retirement. Fri, 10 Feb 2012 02:22:54 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mike Chamberlain http://www.figuide.com/7-tips-for-a-more-successful-retirement.html#comment-3473 Mike Chamberlain Mon, 21 Feb 2011 22:19:44 +0000 http://chamberlainfp.com/wordpress/?p=332#comment-3473 • Estate planning is a proactive process designed to help you manage and preserve assets while you are alive, and to control the disposition/transfer or your assets (effectively and efficiently) after your death, according to your goals and objectives. • The additional benefits of having the proper plan and documents in place can include decreased family strife, increased family unity, better safeguards for dependent children, increased privacy as to your assets and beneficiaries and quicker transfer of assets to your heirs at your passing. • A proper Estate Plan contains specific documents depending on your situation and should be prepared by an attorney who specializes in this field. Each document is designed for a specific purpose and must conform to the law of that particular State. The documents may include: Living Trust, Will, Power of Attorney for Asset Management, Power of Attorney For Health Care, HIPAA release form, Advanced Heath Care Directive, Assignment of Assets to the Trust, Community Property Agreement and others. • Not having Estate Planning documents in place could mean that the State and the courts will determine who will be your beneficiaries, who handles your affairs if you are incapacitated and who cares for your dependents if you died. This could be much different than what you desire and think is best. Probate Courts actions are notoriously long, expensive and fully public. Hope that helps! Mike • Estate planning is a proactive process designed to help you manage and preserve assets while you are alive, and to control the disposition/transfer or your assets (effectively and efficiently) after your death, according to your goals and objectives.
• The additional benefits of having the proper plan and documents in place can include decreased family strife, increased family unity, better safeguards for dependent children, increased privacy as to your assets and beneficiaries and quicker transfer of assets to your heirs at your passing.
• A proper Estate Plan contains specific documents depending on your situation and should be prepared by an attorney who specializes in this field. Each document is designed for a specific purpose and must conform to the law of that particular State. The documents may include:
Living Trust,
Will,
Power of Attorney for Asset Management,
Power of Attorney For Health Care,
HIPAA release form,
Advanced Heath Care Directive,
Assignment of Assets to the Trust,
Community Property Agreement and others.
• Not having Estate Planning documents in place could mean that the State and the courts will determine who will be your beneficiaries, who handles your affairs if you are incapacitated and who cares for your dependents if you died. This could be much different than what you desire and think is best. Probate Courts actions are notoriously long, expensive and fully public.

Hope that helps!
Mike

]]> By: Ken http://www.figuide.com/7-tips-for-a-more-successful-retirement.html#comment-3472 Ken Mon, 21 Feb 2011 21:14:34 +0000 http://chamberlainfp.com/wordpress/?p=332#comment-3472 My wife and I drafted our wills before building our house. IS there anything we need to change/update? My wife and I drafted our wills before building our house. IS there anything we need to change/update?

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