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Problem: When you're married, the law grants a spouse inherent rights to make certain choices for you:
Solution: Take control and designate the person with the power to make the healthcare choices for you. For example, you decide where and how to dispose of your body, manage the money on your behalf, or on behalf of your minor children, should you die or become disabled. In her talk, Kathy reviews the steps to name a financial agent, a funeral agent, a healthcare agent, nominate a guardian for your minor children and nominate a conservator for yourself. Kathy explains beneficiary laws and why you need to remove your former spouse from your beneficiary forms. She also talks about choices you can make to protect your assets for your children if you elect to remarry. Back to top » Widowhood - Moving On With Peace and Dignity Problem: As a widow, you face having to learn what may seem like a new language on the financial and legal issues surrounding death and dying. When you're married, the law gives a spouse inherent rights to make certain choices for you:
Solution: Kathy explains what forms and documents you can use to appoint someone as your funeral agent, healthcare agent and financial agent. In her talk, Kathy discusses your legal and financial rights pertaining to death and dying. Other topics in Kathy's discussion include:
Back to top » Caregivers - How to Prepare for Caregiving Problem: A recent government report forecasts that 80 percent of us will die a lingering death, which means we'll require someone to help manage our healthcare and financial affairs for the last four to eight years of our life. So if you have parents or a spouse, the odds are good that you'll also become their caregiver. And if your spouse or parents have yet to complete forms granting you the legal authority to make choices for them, the probate court may become involved in your life while you are living. And probate court means paying a fee. Solution: Kathy will explain what forms and documents your parents or spouse should prepare to avoid a living probate. Be prepared to take care of someone else…or for someone to take care of you. Have the knowledge you need to talk with your parents, your spouse, your attorney or your financial planners. Back to top » Don't Retire Your Money - Avoid the 11 Common Mistakes Most People Make at this Last Stage in Life Problem: Dying is not just the last significant emotional event in our lives; it's also a time of major financial unwinding. Without a proper understanding of the financial rules that surround this last stage of life, you could put at risk anywhere from four to eight percent of your net worth, or more, especially if you need long term care. Because it's not something we're taught at school, few of us understand how estate and property laws affect the time and cost it takes our family to manage our financial affairs when we die or become disabled. Solution: Kathy explains, in simple terms, the 11 most common mistakes people make with their money when they die, and how you can avoid them. You will walk away with the knowledge you need to talk with an attorney, your financial planner, your spouse and your children. You will know how to name a minor child or grandchild as a beneficiary. You will understand what choices you can make to keep your money for your family when you die. Back to top » Your Next Career - Don't Forget to Ask These Important Questions Problem: When you change jobs, you move on to new retirement accounts and life insurance programs. Your new employment will probably affect your custodian agreements, so it makes sense to look at the agreements with a careful eye. Although the IRS provides guidelines on what feature should be in the custodian agreement, different employers have different terms and conditions. Don't rush in and complete your beneficiary forms without reading the custodian agreement. Solution: Kathy Lane explains the terms and conditions a custodian agreement may include and how these terms and conditions can impact your choice of a beneficiary. By the end of Kathy's discussion you'll have the knowledge on how a custodian agreement governs your choice of beneficiaries, the ability to name a successor beneficiary and the ability of your beneficiaries to stretch the value of your retirement account. Back to top »
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