How Changing Your Will With A Codicil Is Bad Here is a sad but true tale about a will change gone terribly wrong. Mary Jane executed her will on February 13, 2017. There was a clause in her will appointing her two daughters, Linda and Julia, as co-executors of her estate. Mary Jane died 10 months later. Her daughters duly filed an application to admit her will to probate. They requested that … [Read more...] about How Changing Your Will With A Codicil Is Bad
Social Security and VA Name Your Agent Your ever- so-efficient Federal government has a plan in place to appoint an agent to receive your social security or veteran’s benefits in the event you are having trouble managing your finances. Perhaps we should say “two plans” since it would be way too much to ask for the Social Security Administration (SSA) and Department of Veterans Affairs (VA) to … [Read more...] about What are Representative Payee and VA Fiduciaries?
Darn those beneficiary designations. They should be so simple. They are not. A beneficiary designation is a “payable on death” or “transfer on death” designation. It allows an account owner to designate a person or entity to receive the account upon the owner’s death. The advantages for using a beneficiary designation are well-known. The account passes outside of the … [Read more...] about 4 Common Mistakes on Beneficiary Designations
Five Lessons About Grief A Personal Perspective This year the t-shirt was bright green with “Running Wild at Camp McAuliffe” splashed across the front. In smaller print, just as it has been for the last 20 years, were the words “Tom Hammerle Rock & Run.” McAuliffe Elementary School holds a run at the end of every school year to raise money for childhood cancer … [Read more...] about Five Lessons About Grief
Ready or Not, Here it May Come Your Cheat Sheet for Dementia “Dementia” is a global medical term used to describe different conditions and diseases that share common symptoms such as impaired memory, performance of daily activities and the ability to communicate. Some common types of these conditions or diseases are Alzheimer Disease, Vascular disorders, Down Syndrome, traumatic brain … [Read more...] about 10 Early Warning Signs of Dementia
Do not take a vacation, leave for college, go through surgery or get on a small plane without having these documents in place and current. A will. This document can be simple or complex, but it should not be based on a form that you download from the internet. Because a will is so important, you should be extremely careful on how it is drafted and executed. Helpful hint: … [Read more...] about Documents You Absolutely Positively Must Have in Place