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January
2010
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| In This
Issue |
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Online Retirement Planning Calculators Measure Risk Poorly,
Study Finds
If you are retired or
are nearing retirement, the main questions on your mind are probably
"Will I run out of money in retirement?" and "Will I be able to
maintain my standard of living?" For answers, people often turn to
free online retirement calculators.
Bank Pays Price for Refusing to Honor Request Made Under a
Power of Attorney
Because of the risk of
abuse, many banks will scrutinize a durable power of attorney
(POA)carefully, and often a bank will refuse to honor one. In a
recent Florida case, Bank of America did just that and the
individual holding the POA fought back in court.
Financial Crisis Affects Prepaid 529 Plans
The
uncertain stock market has made prepaid 529 plans more attractive to
parents looking to save for their children's college education.
However, the same economic problems that have increased the
popularity of the plans are also putting the plans in
jeopardy.
Pre-Paid Funeral Plans: Buyer Beware
Funerals rank among the
most expensive purchases many consumers will ever make. Moreover,
people often "overspend" on a funeral or burial because they think
of it as a reflection of their feelings for the deceased. To help
relieve their families of anxiety in a time of grief, an increasing
number of people are planning their own funerals, designating their
funeral preferences, and sometimes even paying for them in
advance.
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| Disclaimer:
The information contained in this newsletter is not intended
as legal advice and should not be relied upon to answer any
specific questions concerning your own circumstances or for
purposes of legal planning. For specific legal advice, please
contact our offices. |
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