Was the Death of Aaron Hernandez a Strategic Plan?

Former New England Patriots player Aaron Hernandez was found hanged in his prison cell in the early morning hours of April 19, 2017. He was serving a life sentence for the 2015 murder of Odin Lloyd. In the subsequent days, many rumors have circulated about whether it was suicide, murder, or a strategic legal and financial plan. Rumors That last …

What’s in a Will?

Thinking about creating a Will, but not sure what that really means? The structure of an Estate Plan will vary from person to person, but a comprehensive Will should include the following documents: 1. Last Will and Testament 2. Financial Power of Attorney 3. Healthcare Directives A Comprehensive Estate Plan Your Last Will and Testament is a legal document that …

Baby Boomers Have an Estate Planning Problem

According to USA Today, Baby Boomers have an estate planning problem: they aren’t doing it. View image | gettyimages.com Most of today’s Baby Boomers understand the importance of financial planning, retirement savings, and sometimes even long-term care insurance. But as USA Today reports, they’ve shown less interest in wills, trusts, and healthcare directives. The reason for that might be simple …

“Financial Therapy” Targets People Stressed Out Over Money

You’ve heard of behavioral therapy, cognitive therapy, physical therapy… but what about financial therapy? View image | gettyimages.com That’s right! If you have financial woes, or even if budgeting simply makes your blood boil, then there’s a financial therapist with a spot on her couch just for you. The New York Times profiles the emerging practice in a new report, …

Convenience Accounts vs. Joint Checking Accounts

It’s a common scenario: an elderly person needs some assistance with managing finances and paying bills. The easiest way to accomplish that is to add someone with greater stability to their bank accounts, usually a younger family member or close friend. View image | gettyimages.com The problem with that, though, is that the joint account holder has full access to …

Helen Mirren Sends a Message About the New Face of Old Age

Actress Helen Mirren will turn seventy years old this summer, but she is nobody’s idea of “old.” Contrary to expectations, she’s gracing magazine covers, winning awards, and landing “beauty roles” in Hollywood’s biggest films. View image | gettyimages.com At the same time, she’s making movies like RED — a comedy-action franchise inspired by the Retired and Extremely Dangerous comic book …

Women’s Financial Needs Differ from Men’s

Things aren’t always fairer for “the fairer sex,” to borrow an antiquated term. Women face a number of unique issues in the world. That sometimes means they have more to worry about than men. View image | gettyimages.com That’s especially true in the context of financial planning, Forbes reminds us unequivocally. Specifically, women uniquely face the following financial concerns: Women …