My parents have a will that is 20 years old. Can you imagine if they died right now? Besides the point, I honestly don’t even know where it is or who it’s filed with? This uncertainty drives me crazy and is pushing me to get one.
I’m starting to research and understand what a will is [...]
Entries Tagged as 'Estate Planning'
Getting a Will
January 28th, 2010 · 4 Comments · Estate Planning, marriage
Tags: Inheritance·Will
Garage Sale Success
September 16th, 2009 · 5 Comments · Estate Planning
Well my mom had her garage sale finally this weekend. It was a success on many fronts. First of all at least she was able to sell things and let go of stuff. Second, she made $80. Sure it was a miniscule amount for JUNK. Yep junk. Imagine all that stuff, and she made $80. [...]
Tags: Savings
Deciding an inheritance?
July 21st, 2009 · 13 Comments · Estate Planning
I was chatting with my mom about the fact that she doesn’t have a will. Sure I’ve been nagging my parents for years. The last will my parents did is around 20 years old. They no longer have kids in the home. They have retired, bought more property, and have no mortgage. They have fewer [...]
Tags: Inheritance
8 reasons you won’t inherit
July 26th, 2008 · 3 Comments · Estate Planning, Retirement
This is an amusing article by the New York Times. It suggests that there are 8 reasons that Generation Xers and younger will not be inheriting as much money as previous generations. And those who did expect to inherit might be sorely disappointed.
First the article suggests that people are living longer. Thus their retirement savings [...]
Tags: Inheritance·Pensions·Retirement·Savings
$1 Million retirement?
June 12th, 2008 · 26 Comments · Estate Planning, Investing, Net Worth, Retirement
The question asked is $1 Million dollars enough to retire? On Yahoo Finance, the article questions whether it is or not. The article thinks that $1 million dollars is not enough to retire on today, but in previous generations it was. The idea is withdrawing 4%, will give you a 90% chance of having enough [...]
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Should you pay off your student loans?
April 1st, 2008 · 13 Comments · Debt, Estate Planning
I think when it comes to finances, DH and I are pretty conservative people. However, we were discussing today about student loans. DH has some and I mentioned thinking about not paying it off quickly. We did agree to try and pay of DH’s school loans before interest start accruing.
But recently I’ve been contemplating not [...]
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Funeral costs
January 25th, 2007 · 1 Comment · Estate Planning
Who pays for funeral costs? In hawaii they have this thing where you give money “koden” when a person dies to help the family defray the funeral costs. Imagine according to the National Funeral Directors Association the average cost of a funeral as of July 2004 was $6500. I believe it. [...]
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Tax help or not?
January 21st, 2007 · 2 Comments · Estate Planning, Personal Finance, taxes
Okay, I signed up yet again to see a tax guy for help this year. Last year we moved and I felt frustrated reading over the new state tax laws. So we ended up paying someone to file for us. It was $575 last year but he did do our federal and two states. I’m [...]
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Do I need a will?
January 18th, 2007 · 5 Comments · Estate Planning
This week obviously I haven’t been thinking much about finances or being frugal. I haven’t spent money on anything except trying to go home, board the dogs, but I’ve been contemplating life and my relationship with money a lot.
The question now raised is do DH and I need a will? We’re DINKS who [...]
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