Posts Tagged ‘planning for your loved ones’
What My Family Should Know
Cassaday & Company, Inc.’s What My Family Should Know document is meant to act as a central repository for important information. We encourage you to share* this information with loved ones, heirs, powers of attorney, or anyone else vital to assisting with your affairs in the event of an emergency, incapacitation, or death. Set aside…
Read MoreConnecting With Family Over the Holidays
An Opportunity For Meaningful Conversations About Finances Gathering with family throughout the holiday season presents a perfect opportunity to have important, albeit potentially difficult, conversations about the future of your affairs. Having a plan in place in case of death or disability – while not enjoyable to think about – can alleviate administrative pains, minimize…
Read MoreLong-Term Care: Get the Facts and Plan Ahead
Did you know that most Americans who are 65 and older will require long-term care services at some point in their lives? Long-term care is defined as the services and supports needed when one can no longer perform the basic activities of daily living without personal assistance. These basic activities are defined as the “6…
Read MoreWhat To Do When A Loved One Dies
By Sarah Mouser, CFP®, CTS™, CES™ When a loved one dies, the many details that need to be taken care of can be emotionally overwhelming. This checklist is intended to be a resource of items that may need to be attended to, both immediately and in the near future. Immediately The first step is to…
Read More4 Important Financial Planning Considerations If You Have A Child With Special Needs
By Chris Young, CFP®, CPWA®, CMFC® These days the good news is that we’re all living longer; the bad news is that we’re all living longer. An increased life expectancy makes financial and retirement planning more challenging for everyone; no one more so than parents of a special-needs child, as a longer lifespan means increasing costs…
Read MoreCARING FOR YOUR AGING PARENTS
WHAT IS IT? Caring for your aging parents is something you hope you can handle when the time comes, but something you probably hope you never have to do. Caring for your aging parents means helping them plan for the future, and this can be overwhelming, both physically and emotionally. When the time comes for…
Read MoreDon’t Let Your Power Of Attorney Become Powerless
by Sarah Mouser, CFP®, CTS™, CES™ One of the cornerstones of a solid financial plan is properly configured estate planning documentation—especially your medical and financial powers of attorney (POA). POAs give you the ability to legally authorize an individual to handle your affairs and make healthcare decisions in the event you become incapacitated and are unable…
Read MoreWith Money, Be Tough on Adult Children
by Steve Cassaday, CFP®, CFS One of the things I have learned as a financial planner about parents and children is that the natural tendency for parents to help kids out financially may not always be the best course of action. Although the urge to help when your kids are in distress is almost irresistible,…
Read MoreEstate Planning is Not Just About Death and Taxes
by Steve Cassaday, CFP®, CFS The primary purpose of estate planning is not the avoidance of taxes at death. Making sure that heirs and executors don’t face unnecessary and expensive administrative burdens when you die is our primary goal when consulting with clients on estate issues. Many investors we meet fail to recognize the importance of…
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