According to the National At-Home Dad Network, there are about 1.4 million stay-at-home fathers, twice the number from 10 years ago. Although traditional views remain ingrained, there are good reasons to consider reversing traditional household roles.
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A will is a legal document that directs who will receive your assets upon your death, while a trust is a legal arrangement in which a trustee (someone selected by you) manages and holds your assets and, if desired, distributes income to the beneficiaries of the trust, as well as directs the disposition of the trust’s assets after your death.
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Individuals with a financial advisor hired one as a result of a specific life event, such as death in the family and/or receiving an inheritance and because of marriage or divorce.
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Retirees have seen the purchasing power of their retirement income fall, while working Americans will now need to save and invest for a higher retirement income goal to ensure the same desired retirement standard of living. This erosion of purchasing power may continue for at least the next couple of years, lending urgency to the task of revisiting and potentially revising individuals’ personal retirement plans.
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Planning ahead for the one certain thing in your life can ensure that your end-of-life wishes are honored, while at the same time relieving your loved ones of the burdensome decisions that accompany death and dying.
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