Baby Boomer Retirement Mistakes: No Estate Plan
Retirement Mistakes: No Estate Plan According to a recent USA Today article, many baby boomers are forgetting an essential part of their retirement plans- creating an estate plan. Nobody wants to think about death and what all will happen once you go but death without an estate plan can be even worse for those left to deal with your estate. For most people, estate planning is on the bottom end of the priority list but according to wealth and financial advisors, it should be on the top. Estate planning and financial planning go hand in hand. “There are three important...
Read More5 Reasons To Spend Your Tax Refund on an Estate Plan
5 Reasons To Spend Your Tax Refund on an Estate Plan With Tax season almost coming to a close, many of us are getting the happy news that our tax return refunds have hit our bank accounts. Deciding what to do with that extra money is the next big step. Many people simply spend it on things they’ve been wanting but couldn’t afford previously- new TVs, upgraded electronics, taking the kids on a fun trip. Others put the money away in savings or invest it. We at GQ Law recommend that you invest it in an Estate Plan. We’ve posted many times about the importance of an Estate Plan...
Read MoreI’ll Will it to You: Should Parents Tell Adult Children About Their Estate Plan
I’ll Will it to You We’ve all seen the happy little Grandma in a movie scene, sitting with her darling granddaughter who is drooling over her precious pearls and heard Grandma tenderly say “I’ll Will it to you Janey dear.” Some of us have probably even been told we will be “willed” something by our own parents or grandparents. Hearing this as an adult, we’d assume that when Grandma or Grandpa’s time on earth expires, we will get that item free and clear because they “willed” it to us. Since most people do not itemize every...
Read MoreWhat is Estate Planning?
What is Estate Planning? We write a lot here on the blog about “Estate Planning” but I realized that some people out there may not know what Estate Planning is, means or includes. Read on for a simple explanation of what Estate Planning is and what it can do for you. An estate consists of anything you own that has value such as your car, house, life insurance policy, checking and savings accounts, investments, jewelry, etc. I have done estate planning in San Diego for 25 years and one thing has never changed – no matter how big or small your estate may be you need an...
Read MoreEstate Planning in your 30s: Must Haves
Estate Planning in Your 30s: Must Haves While we often think of Estate Planning as something important for “older” people, think 40+, it really is something for EVERYONE! We at GQ Law just can’t stress that enough. Estate Planning is for everyone- all ages, all walks of life. This particular post is dedicated to Estate Planning in your 30s. We love this recent article on DailyFinance.com. It give great tips on Estate Planning in your 30s for the younger generation and lists out the top 6 Estate Planning moves you should make (documents you should create with an attorney) in...
Read MoreEstate Planning: Not Just for the Wealthy
Estate Planning: Not Just for the Wealthy According to CNBC’s latest report about Estate Planning There’s a common misperception that estate planning is reserved for the wealthy, as an attempt to shield assets from the grasp of Uncle Sam—but nothing could be further from the truth. We here at GQ Law couldn’t agree more! EVERYONE needs an Estate Plan and we are here to help! CNBC’s report reiterates that Estate Planning makes sure that you can give what you want to who you want with the least amount of taxes taken from it. You may be thinking, estate? What estate? I...
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