Grimaldi Yeung Law Group Blogs
Why Your Will Needs To Change Again
Some people change their wills every time there's a small family skirmish. However, most sign their wills and shove them in a drawer and try not to think about death. This is a mistake, for them and their families. Even If your own life never changes, there are...
How Do TOD Accounts Work?
A Transfer on Death (TOD) account is a way to have accounts pass to beneficiaries immediately upon death. There are situations where this simple solution can work, and others where it creates a lot of headaches for families. With an estimated 57% of Americans not...
Using Estate Planning to Prepare for Your Future
Planning a vacation is a lot more fun than planning for death, disability or needing long-term care. However, putting off estate planning means missing an opportunity to gather our thoughts on what kind of a legacy we want to leave behind, how we want to be cared for...
How Do Trusts Work, and Do I Need One? What Are Some of the Pitfalls?
Trusts generally provide many beneficial estate planning advantages and can be an appropriate way to protect assets, before and after death. Be forewarned: there are pitfalls that can undo your best planning. There are many different types of trusts that can be used...
Is Your Retirement Plan A Plan or a Wish List?
Whether you are thinking about life-long finances or planning for retirement, it's always a good idea to discuss ideas and strategies with a professional, like a financial advisor or accountant. When it comes to an estate plan, an estate planning or elder law attorney...
Do T-Bonds Fit in a Retirement Portfolio?
Saving for retirement involves a variety of investments, including domestic and international stocks, mutual funds, cash, and bonds. Treasury bonds, known as T-bonds, are liked by many people, because they are backed by the "full faith and credit" of the U.S. federal...
Does Marriage Later in Life Mean Smaller Retirement Savings?
Our social patterns are changing, with millennials deciding to get married later in life. How different are they from boomers, when it comes to retirement savings? This deep dive explains Interesting research from the well-regarded Boston College's Center for...
Another Tax-Sheltered Employee Retirement Plan: The 403(b)
There are similarities and differences between the 403(b) and the 401(k) plans, but both offer a good path to retirement savings. For those who work in a non-profit organization, like a school, social service agency, college, hospital system, or museum, the 403(b)...
How Do A Healthcare Proxy and Advanced Medical Directive Fit into an Estate Plan?
A comprehensive estate plan addresses several issues that come up at the end of life. In addition to distributing assets through a will, an estate plan should include a healthcare proxy. A healthcare proxy gives a trusted family member or close friend the legal right...