The Financial Planning Process and Why You may Need it

by Senior Scene | Sep 30, 2021 | Financial Advice, General Interest, Legal, Magazine, Senior News, Top Story (C)

The Financial Planning Process and Why You may Need it By: Max ValaVanis, CFP® I’m currently going through the dreadful process of painting the interior of my house, and the multitude of greens on the color pallet astounds me. When I proudly walked into...

When does diminished capacity prevent a person from creating an estate plan?

by Senior Scene | Sep 30, 2021 | Featured Article (01), Financial Advice, General Interest, Magazine

  When does diminished capacity prevent a person from creating an estate plan? By Attorney Truman Scarborough Before assisting in the preparation of an estate plan, an attorney must determine that the client has “Testamentary Capacity”. This requires a person...

What Happens if a Beneficiary Dies?

by Senior Scene | Aug 31, 2021 | Featured Article (01), Financial Advice, General Interest, Magazine

  What Happens if a Beneficiary Dies? By Attorney Truman Scarborough All of our beneficiaries (those who inherit our estates) will someday die. Not planning for what will happen if a beneficiary dies can have unexpected and costly consequences.  In this article...

Does it matter how you hold title to property?

by Senior Scene | Aug 1, 2021 | Featured Article (01), Financial Advice, General Interest, Magazine

Does it matter how you hold title to property? By Attorney Truman Scarborough This is the fourth in a series of articles on how an estate plan can be impacted by the way property is titled. In the last article we explored how holding property in a Revocable Living...

Does it matter how you hold title to property?

by Senior Scene | Jul 1, 2021 | Featured Article (01), Financial Advice, General Interest, Magazine

Does it matter how you hold title to property? By Attorney Truman Scarborough This is the third in a series of articles on the different ways title to property can be held. In the first article the various aspects of an individual holding title in just his/her name...

Does it matter how you hold title to property?

by Senior Scene | May 1, 2021 | Featured Article (03), Financial Advice, General Interest, Magazine

Does it matter how you hold title to property? By Attorney Truman Scarborough Title to property can be held a number of different ways: individually; jointly with or without survivorship; as husband and wife as “tenancy by the entirety”; in a corporation; in a Limited...