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Three Types of Pensions for Veterans
Statistics tell us that most of us will need long term care at some point. For veterans, the Veterans Administration (VA) makes funding available to assist in paying for such care, but it’s easy for these benefits to be overlooked. We’ll look at three of the pension benefits available to veterans.
With Few Laws on the Books, Digital Assets are the Wild West
Estate planning has never been a simple endeavor, but with the advent of digital assets, it’s become an even more complex endeavor. A recent article from The Street, “Don’t Let Your Digital Assets Die with You,” looks at some of the main issues with creating a plan for your digital legacy.
Proposed Law Looks to Simplify Digital Estates
One of the biggest complications in estate planning for digital assets is that the law is still catching up to technology. The Uniform Law Commission has worked for the past several years on a law that could solve that. A recent Investment News article, “New Bill Aims to Ease Access to Online Accounts after Client’s Death” looks at some of the implications of the proposed law.
Top Ten List: Best States to Retire
It’s fun to look at this top ten list from Kiplinger, which examines all 50 states and considers the most important factors for retirees. In “10 Best States for Retirement,”economics and the health of the state’s population are the leading indicators. These top ten are good starting points for a conversation about where you’ll want to live during your retirement years. If you have family—especially grandkids—in any of these states, you might want to seriously consider a move.
Survivorship Life Insurance as a Helpful Estate Planning Tool
In “Survivorship Life Insurance Useful for Estate Planning,” Insurance News explores how this kind of policy works in an estate plan to benefit heirs or to help make a charitable donation. As the name implies, proceeds are not paid until the last survivor passes—typically a surviving spouse.
This is a real advantage for lower pricing. In many marriages, another benefit to consider is the benefit to a female spouse. Statistically, women tend to outlive men and this fact is reflected in lower premiums, meaning you could buy twice as much face amount in a survivorship policy as you could in an individual policy for the same amount of money.
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