What Is A Qualified Longevity Annuity Contract (QLAC)?A Qualified Longevity Annuity Contract, or QLAC, is a type of annuity contract specifically designed to keep you from outliving your retirement savings. As a deferred annuity, QLACs provide you with a guaranteed stream of income later in life. In …
Getting Remarried? Avoid These 4 Estate-Planning Pitfalls.
Getting Remarried? Avoid These 4 Estate-Planning Pitfalls.With a rise in "gray divorces" in recent years, it’s only natural that remarriage has become more prevalent among seniors. But people tend to be lax about updating their estate plan.It’s easy to have an estate plan fall out of date following …
3 Lies People Tell Themselves About Estate Planning
3 Lies People Tell Themselves About Estate PlanningPeople tend to avoid estate planning like it’s the plague, but no financial plan can be complete without one. Sure, thinking about your own demise doesn’t rate high on the “fun scale,” but not everything in life does.To delay or get out of estate …
Guidance on Choosing the Right Trustee (or Trustees) for Your Estate
Guidance on Choosing the Right Trustee (or Trustees) for Your EstateFrom a spouse or child to a bank or lawyer, you have several options to consider. To help make your decision, here are some questions to answer.You know how hard you have worked and the sacrifices that have been made to achieve your …
What is a Revocable Trust and Do I Need One?
What is a Revocable Trust and Do I Need One?To avoid probate court and streamline the wealth-transfer process for your heirs, a revocable trust (also known as a living trust) can be a valuable tool. It can help simplify the transition, as well as provide privacy.Let’s face it, estate planning is not …