Planning for potential incapacity is just as important as estate planning. A Durable Power of Attorney for Finances and a Healthcare Power of Attorney ensure your affairs are managed according to your wishes if you become unable to make decisions. Consulting an elder law attorney helps protect your assets, reduce family stress, and provide peace of mind for the future.
Category: Financial Services Articles
Protect Your Assets!
Asset protection is essential for securing your financial future. From life insurance to liability coverage and estate planning, understanding your risks helps safeguard what you’ve worked hard to build. Evaluating insurance policies, reviewing asset titling, and ensuring legal protections are in place can prevent financial loss and provide peace of mind for you and your loved ones.
Shielding Your Future: Protect Yourself from Scams
Financial scams cost seniors billions yearly, making legal planning essential. Learn how an elder law attorney can help protect your finances and future.
The Be-All and End-All
Paying off a mortgage is a great milestone, but is it the best financial move? Mark Schumacher explores how cash flow impacts retirement planning.
What is your exit plan?
Preparing your financial and personal legacy is a gift to your loved ones. Certified financial planner Debra L. Nelson shares why organizing your affairs now can provide peace of mind for the future.
Estate Administration in South Carolina
Managing a loved one’s estate can be overwhelming. Learn about estate administration in South Carolina, including summary, normal, and contested proceedings, with insights from Judge Irv Condon.
Reverse Mortgage Information According to AI (Artificial Intelligence)
Reverse mortgages are often seen as a retirement income tool, but there are several unconventional ways to use them. Mark Schumacher shares insights from ChatGPT on how a reverse mortgage can fund a business, help with home purchases, and more.
Social Isolation and the Risk of Investment Fraud
In this insightful article, Anna Rushton from the South Carolina Securities Division explains how social isolation makes individuals, particularly seniors, more vulnerable to investment fraud. She highlights common scams, including Ponzi schemes and online romance scams, which often target the socially isolated. Rushton offers practical advice on protecting yourself, such as conducting thorough research, checking the registration status of investment advisors, and staying informed about scam tactics to avoid becoming a victim.
How to be in Tip Top Financial Shape Now!
By Debra L. Nelson, MSFS, CASL, Certified Financial Planner It is important to prioritize your financial well-being just as you prioritize… Read more »
5 Situations Where Older Adults Need Life Insurance
Excerpt:
Life insurance isn’t just for younger adults—it can provide financial security for older adults, too. From covering funeral expenses to ensuring dependents are cared for, here are five situations where maintaining or purchasing a policy may make sense.
