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Avoid the Drama, Spill the Tea on Your Will

When you decide to leave items to different people, inevitably someone feelings get hurt. After you are gone there is no way to fix it. The damage it can cause could be irreplaceable ad your heirs might not talk to each other. The best way to resolve these issues is to communicate with your love ones. Tell them why you are leaving so and so the beach house, etc. This will save them a lot of heart break in the end and help them understand your logic.

How should you divided your assets?

Interesting Facts About Senior Citizens

It’s never too late to plan how you want to spend your time and money. Retirement offers opportunities to individuals who have spent years working. Below are some interesting facts about seniors in general.

Retirement Scams to Avoid

Scams are on the rise, and they are becoming more and more sophisticated. A 38% increase in fraud losses was reported by people in 2018, according to the Federal Trade Commission, which collected 1.4 million fraud reports. The younger generation lost money to fraud more often than the older generation, with 43% of respondents in their 20s confessing to losing money to scams. Only 15% of those in their 70s reported losing money, and older people lost more. Those in their 70s reported a median loss of $751; those in their 20s reported a median loss of $400.

How You Can Increase Your Retirement

As inflation rises in the U.S., many people worry about their retirement. Listed below are different ways to help you boost your retirement income. 

How a Pot Trust Can Work for You

People with children are often advised to set up a trust in their wills for their children. Most often, the will-maker divides the assets they wish to pass on to their children into equal shares, with each share funding a separate trust for each child.