Current Affairs - Hegwood Law Group

Tips on Creating a “Life After Me” Document

Once they have their estate planning in place, many baby boomers are creating a "Life After Me" document that lets them say goodbye to their family in a heartfelt letter that discusses the things that may have been too difficult…

How to Go About Retiring These Days

The past several months have been rough on investments. Whatever the cause, market mayhem can be a real concern for retirees and near-retirees, who have less time to make up for big market declines. Kiplinger's March 2016 article, "How to…

Baby Boomer Estate Planning Lessons for Wills, Funerals and Health Care Expenses

The website, A Place for Mom, recently posted "Poor Estate Planning Lessons Inherited by Baby Boomers" that has some lessons for all of us to heed when we think about our estate planning. Wills. The long-term consequences of not having…

Ten Mistakes Not to Make with an Inherited IRA

One-third of U.S. households own at least one type of IRA, so chances are that you might inherit one in the future. If that happens, you'll need a plan—a plan that avoids common and sometimes costly mistakes. USA Today's article,…

How to Afford Your Retirement

Retirement is a major milestone that brings about quite a few life changes, but one thing that doesn't change for most people is the fear of running out of money. A recent survey found that the single most frequently reported…

Turning the Big 5-0? Start Planning Now!

Here are six tax planning considerations of interest to those over age 50 from Next Avenue's recent post, "2016 Tax Planning Ideas for People 50+.” Continuing to Save for Retirement. As you close in on retirement age, make sure to…

What Will Happen if I Don’t Update my Beneficiaries?

This is a very important step in estate planning because at your death, certain assets pass to beneficiaries named on your accounts. It doesn't matter if someone else is named as the recipient of your assets in your will! Let's…

Dad Left Me Out of His Will… What Can I Do?

A father remarries and has kids with his new wife. He has one child from his first marriage. When he falls ill, his second wife changes his will and leaves the kid from the first marriage out. What can the…