Blog Estate Planning

Involvement in Financial Decisions

By Chelsie Smith / September 15, 2022 / Comments Off on Involvement in Financial Decisions

Is it time to involve your family in your account management? There are different levels of involvement that can be helpful in various situations. Below is a chart to show the progression of participation from signing an IDC that allows us to share specific information with a particular person to a Power of Attorney that…

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Financial Considerations After A Bad Diagnosis

By Ben Rickey / August 23, 2021 / Comments Off on Financial Considerations After A Bad Diagnosis

Sometimes a bad diagnosis puts you on a new life path you didn’t consider. Diseases like Alzheimer’s and Dementia come with many medical decisions, but we often get asked how to organize finances in light of the change.   There are a few things you can consider financially to prepare yourself. First, make sure your…

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Naming Your Beneficiaries: Avoid Common Mistakes

By Matt Hargreaves / July 16, 2021 / Comments Off on Naming Your Beneficiaries: Avoid Common Mistakes

We get a lot of questions from clients on naming beneficiaries to their accounts. While the paperwork is relatively straightforward, it is important to pay attention to a few key areas to avoid some common mistakes. We’ve outlined a few key areas keep in mind when naming a beneficiary Updating your will is not enough…

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Spring Clean Your Documents

By Chelsie Smith / April 15, 2021 / Comments Off on Spring Clean Your Documents

With Shred Day approaching and in the spirit of spring cleaning, we wanted to share some tips on organizing your files. Remember to dispose of your documents securely. Below is a summary of the key documents to keep and for how long: Income Tax Returns: Keep at least three years of state and federal tax…

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Trusted Contact Request Coming Soon

By Susan Van Tress / February 9, 2021 / Comments Off on Trusted Contact Request Coming Soon

Leonard Rickey Investment Advisors will soon be asking for trusted contact information. Providing contact information is optional, but we suggest you consider adding 1-2 people to your accounts. We will send the request to you via email.  Please contact us if you have any questions.  What is a “Trusted Contact” A trusted contact is a person that…

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Planning for Incapacity

By Susan Van Tress / November 11, 2020 / Comments Off on Planning for Incapacity

What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or otherwise conduct your affairs. Unless you’re prepared,…

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Naming Your Beneficiaries

By Matt Hargreaves / July 20, 2018 / Comments Off on Naming Your Beneficiaries

Naming your Beneficiaries: Avoid the Pitfalls We get a lot of questions from people on naming beneficiaries to their accounts.  While the paperwork is relatively straightforward, it is important to pay attention to a few key areas to avoid some common mistakes. Updating your will is not enough Your beneficiary designations trump your will. Even…

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Where Your Durable Power of Attorney Won’t Work

By Ben Rickey / January 19, 2016 / Comments Off on Where Your Durable Power of Attorney Won’t Work

You’ve seen a qualified attorney and drafted up a Durable Power of Attorney so your loved ones can act on your behalf if you become incapacitated or disabled. You think everything’s set. But is it? A DPOA is a widely recognized and useful legal document, but it may not work in every situation. Social Security…

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3 Steps to Prevent and Avoid Fights Over Estates

By Ben Rickey / October 2, 2014 / Comments Off on 3 Steps to Prevent and Avoid Fights Over Estates

A death in the family is traumatic and stressful, and something which all affected must come to terms with in their own way and in their own time. Unfortunately, the time during which emotions are running hot are usually also when family members need to come together and agree. In this ‘perfect storm’ of emotions,…

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I’m Getting Divorced. Who Can Help Me?

By Ben Rickey / August 27, 2014 / Comments Off on I’m Getting Divorced. Who Can Help Me?

If you are going through a divorce right now, chances are high that you have a lot on your plate dealing with the death of your union. If you are the spouse who didn’t have much to do with managing the finances, you’re probably just now trying to learn what all of these things are…401(k),…

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