Blog Posts in January, 2016
Posted on Jan 29, 2016 By The Dorcey Law Firm, PLC
A fiduciary is someone you select to be your estate executor, the trustee of a trust, or your agent under a power of attorney. Choosing the right fiduciary for these important roles takes careful ...
Continue reading "Tips on Choosing the Best Fiduciary" »
Posted on Jan 28, 2016 By The Dorcey Law Firm, PLC
When a person has been named the executor of an estate, there are often questions that arise pertaining to the exact duties and responsibilities of an estate executor. Once an executor has been ...
Continue reading "Probate Tips for Estate Executors" »
Posted on Jan 27, 2016 By The Dorcey Law Firm, PLC
When a loved one dies, do their debts die with them? The answer is, it depends. Here are some things you need to know about debts after the death of a loved one: Are heirs responsible for debts? ...
Continue reading "What You Need to Know About Debts After Death" »
Posted on Jan 26, 2016 By The Dorcey Law Firm, PLC
If you don’t yet have an estate plan -- or have one that hasn’t been updated for several years -- then make this the year you take the necessary financial steps to protect your loved ones ...
Continue reading "7 Estate Planning Considerations for 2016" »
Posted on Jan 25, 2016 By The Dorcey Law Firm, PLC
The ability to retire and live the way you want some day depends on the decisions you make before that day ever comes. Here are six financial “don’ts” that could wreck your ...
Continue reading "6 Financial "Don'ts" That Could Spoil Your Retirement" »
Posted on Jan 22, 2016 By The Dorcey Law Firm, PLC
The two things we cannot avoid – death and taxes – are unfortunately the two things most of us do almost anything to avoid talking or learning about. Yet we want both to be as painless as ...
Continue reading "Death & Taxes: What You Need to Know" »
Posted on Jan 21, 2016 By The Dorcey Law Firm, PLC
Are you determined to complete your estate planning this year? If so, you may find the following general information on how the estate planning process works helpful: First, you need to gather ...
Continue reading "How to Get Going on Your Estate Plan" »
Posted on Jan 20, 2016 By The Dorcey Law Firm, PLC
While most people are generally more focused on accumulating wealth than protecting it, if you don’t take the right precautions to shield your assets the consequences could be severe. Here are ...
Continue reading "4 Ways to Protect and Preserve Your Assets" »
Posted on Jan 19, 2016 By The Dorcey Law Firm, PLC
Trusts have long been a favored estate planning tool of the wealthy because of the advantages they provide in protecting assets and preserving wealth through carefully considered distribution ...
Continue reading "How Setting Up a Trust Can Benefit Your Family" »
Posted on Jan 18, 2016 By The Dorcey Law Firm, PLC
Most parents are reluctant to talk to their children about what they will – or won’t – inherit, and we’ve found the reasons for this vary with each family. Some parents find it ...
Continue reading "Good Reasons to Share Information With Your Kids About Their Inheritance" »
Posted on Jan 15, 2016 By The Dorcey Law Firm, PLC
These days, many Americans are worried about the possibility that they may never be able to retire. To ease that uncertainty, here are the last five of 10 things you need to know before you retire: 6. ...
Continue reading "10 Things to Know Before You Retire, Part 2 of 2" »
Posted on Jan 14, 2016 By The Dorcey Law Firm, PLC
These days, many Americans are worried about the possibility that they may never be able to retire. To ease that uncertainty, here are the first five of 10 things you need to know before you retire: ...
Continue reading "10 Things to Know Before You Retire, Part 1 of 2" »
Posted on Jan 13, 2016 By The Dorcey Law Firm, PLC
If you are already retired, you know that protecting and growing your assets is still important. But did you also know how important it is to steer clear of these top five money mistakes retirees ...
Continue reading "Retirees: Avoid Making These Money Mistakes" »
Posted on Jan 12, 2016 By The Dorcey Law Firm, PLC
Retirement is so much easier if you don’t have significant expenses to worry about on a regular basis. Here are the five things you should pay for before you retire: Mortgage : Usually 30-40 ...
Continue reading "5 Things to Pay Off Before You Retire" »
Posted on Jan 11, 2016 By The Dorcey Law Firm, PLC
Planning for the unexpected is seldom easy, and failing to plan can make a significant dent in your budget. However, the stakes go up significantly when you’re retired and likely living on a ...
Continue reading "5 Surprise Expenses That Could Wreck Your Retirement" »
Posted on Jan 8, 2016 By The Dorcey Law Firm, PLC
Does your aging parent have a pet? Since Americans own close to 170 million dogs and cats, chances are pretty good that they do. And if you are in charge of caring for an elderly parent, chances are ...
Continue reading "What to Do About Aging Parents and Their Pets" »
Posted on Jan 7, 2016 By The Dorcey Law Firm, PLC
With 2015 behind us, it’s a good time to make 7 New Year’s resolutions that will ensure your estate planning is in top shape: 1. Assess your net worth. Not only is this assessment ...
Continue reading "7 New Year's Resolutions for Your Estate" »
Posted on Jan 6, 2016 By The Dorcey Law Firm, PLC
Creating an offshore trust makes some major changes in how the assets within the trust are protected and managed. The assets you place in an offshore trust will not be in your name anymore — ...
Continue reading "How an Offshore Trust Can Help You Protect Assets" »
Posted on Jan 5, 2016 By The Dorcey Law Firm, PLC
The U.S. Census Bureau reports that the number of unmarried people aged 50 to 54 increased from 29 percent in 2000 to 35 percent in 2010; in addition, those aged 55-64 increased from 30 percent in ...
Continue reading "Retirement Planning Strategies for the Single Boomer" »
Posted on Jan 4, 2016 By The Dorcey Law Firm, PLC
It is not unusual for people to be confused about the differences between a will and a living will. A will – also known as a last will and testament – sets out your wishes about how you ...
Continue reading "The Difference Between a Living Will and a Will" »