Financial Planning versus Estate Planning, which is the higher priority? - virginia power of attorney
If there were an additional $ 1000, on equal terms, what is more important right now, meeting with a financial planner or the planning for real estate documents (trust, we will have a child, durable power of attorney and HCPA / AMD) for my wife and me ? The idea is that the average good only financial planner or lawyer to do something will cost $ 250 - $ 300/hour (in the Washington DC area).
In terms of financial history, we are life insurance, which contributes monthly to a 401K and Roth IRA and have a defined benefit pension plans (if they still exist). We pay the debts, but I think we could not use a good financial position (certainly in our missions and the Roth IRA). We have a will or other estate planning documents ... And it starts to worry ... where?
Suggestions for finding a good family lawyer in Northern Virginia are welcome.
Thank you for helping us.
FF
Virginia Power Of Attorney Financial Planning Versus Estate Planning, Which Is The Higher Priority?
3 comments:
The financial planning in the world is not worth squat if you do not have the legal power to protect.
You need a will is the power of attorney, etc. If you are seriously injured in a car accident and are not able to communicate to your spouse will have few options, is without power and live. You may end up like a turnip "in a nursing home for all the money they have worked to spend to save, but only care for you.
Or, if you and your spouse are kind of dead, what happened to the child? Think about your family and wife of the family and the picture could result in conflicts, who is responsible, is the control of finances. Who will be the legal guardian? Who helps your child decide what happens with all the money they deserve? Who controls the future of this child? Without a will, living will and power, there will be no problems.
Be careful with this planning. Once done, continue their progress in financial planning.
I know that sounds harsh - Never sign a performance .... they have absolutely no control over what people do on their investment (in cash) --- OOKK ... I have 2 friends who have signed a POA 50G --- $ $ 100G lost the other ... Legal action - every time they completed a sale of the shares they receive a commission ... Buy and take a commission - investing in stocks is low registered by the sale and receive a commission ... You did not tell you before the money --- OK
--- Listen to a few hours of reflection and education calls from your car, and it is the best financial advisors. The payment of the debt is part of financial planning - Long-term debt is of course a home ... If you have no house, no planning, except 401k - Roth IRA - and cash ... Whole life insurance is a bad investment of 1-2% interest rates - more .-- Insurance is always a cost ... Iinsurance concept is good and cheap with no return ... Funda die .....
It is necessary to get his head out of the sand and to manage money, save ... Until you learn to ---Give money collected in a bank savings account ... Why? You gona be very unhappy if you have cheated - Legal .... ? I do not know - that is to say what everybody? These funds do not wear Gucci - $ 1000 suits - and the wife just bought a Mercedes ... Brokerage fees are charged ... Everything what is sold by gona get a rate ... She never said anything here about the investment funds without .... Commission No ... Another line is no shame in being loaded --- --- and you get what you pay ... Note .... not good
I need is one - look in the phone book and choose the lawyer closing your house - OK. Virginia law wants, every state can be reached very easily - by the law ...
Everyone is concerned about the finances - a major concern is not necessary ... Like I said, you're the best financial advisor fee --- Now my advice to you is $ 0.00
Have a good life ..... The best advice is free ....
I know it is distorted, because I am a CFP healthy, but I would go with the order of the Financial Planner for the first time.
You did not specify their age or health, but probably not die within the next two years.
In this sense, it seems safe to speculate on the need to make a financial review. Actually, his debts, allowances, etc., are probably more urgent.
Planner will probably be able to give you a referral to a good planner as well.
Good luck!
Ken Clark
Certified Financial Planner
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