74-year-old widower, excellent pension, $500,000, long-term care insurance, no debt, and three children. In no more...
74-year-old widower, excellent pension, $500,000, long-term care insurance, no debt, and three children. In no more than 200 words:
- Specify any estate planning tools necessary to protect the family and their assets.
Homework Answers
Tools necessary to protect the family of widower wither her assets are:
1. She should draft a will,
2. Ask an attorney about trust for her children,
3. Make a nominee in her pension account & for long term care Insurance
4. Update beneficiaries in the above accounts,
5. She should keep the above in right place so that it can be traced easily when needed.
Add Answer to:
74-year-old widower, excellent pension, $500,000, long-term care
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