Often when you hear a person asked what they want to do are asked about what they would do with lottery winnings, he or she mentions giving to a charity, school or hospital that is important to them.
When asked about retirement and estate planning, however, the same person may be reluctant to commit to a sizeable donation while balancing a retirement budget and an estate plan that leaves something for their families.
When drafting your will, who the executor of your estate will be is as big a decision as who your beneficiaries will be. The role of the executor is to look after all aspects of your estate and may be involved in everything from organizing a funeral to informing beneficiaries, protecting the estate’s assets and distributing them to fulfill your tax obligations and carry out the provisions of your will.
Be clear in your will
Buying the best insurance coverage is one of the most important life decisions anyone can make, and yet some mistakes are very common, and these mistakes can cost thousands of dollars more than they should.
To help readers make the best possible decisions, SeniorSurance presents the five biggest mistakes people can make when it comes to buying insurance:
Deciding which insurance policy to buy is one of the most important decisions any person can make, yet many people are in the dark about which options are best for them.
To help you see a bigger picture, here are five well-known (but false) myths about insurance: