Widowhood – Life Unlimited

Common Errors To Avoid When Passing Money To Your Heirs Upon Death (Ep. 109)

By Life Unlimited | July 21, 2022

Podcast: Play in new window | Download | Embed

Will your net worth be transferred to your heirs the way you intend it to? How do you know?

In this episode of Life Unlimited, Larry shares some real life stories of major mistakes he has seen with respect to a will, beneficiary or the titling of an asset. Listen in to hear some advice to make sure your estate planning wishes are kept up to date with your current family dynamic.

Larry discusses:

Steps to take to ensure what you want happens after you pass away
How to properly distribute money to a minor child
Three areas to review to avoid common mistakes
The risks of having an outdated will
And more

Resources:

Life Unlimited: Taking Financial Responsibility Before You’re a Widow or Widower (Ep. 108)

Connect With Larry Heller:

Taking Financial Responsibility Before You’re a Widow or Widower (Ep. 108)

By Life Unlimited | July 5, 2022

Podcast: Play in new window | Download | Embed

99% of people will become a widow or widower at some point in their life, so financial preparation will be helpful during this emotional time.

In this episode, Larry Heller guides you around ways to make financial planning easier during this major life transition by revealing key steps you’ll want to incorporate into your financial planning should you become widowed. Plus, he explains why financial discussions between spouses are important, especially in the later years of life.

Larry discusses:

Concepts to include in your financial plan for when you become a widow or widower
How tax situations may shift when one spouse becomes widowed
The potential shift in insurance coverage as a widow or widower
How editing a will after one partner has passed may be required
And more

Resources:

Connect With Larry Heller:

5 Ways to Plan for Health and Happiness While Aging Solo — With Joy Loverde (Ep. 62)

By Life Unlimited | March 16, 2020

Podcast: Play in new window | Download | Embed

Baby boomers are the last generation of caregivers as we know it. Today’s children are raised to go out and pursue their interests, even if that means living far from home. If having kids doesn’t guarantee you a future caregiver, this begs the question: Who will take care of you when you’re old?

In this episode, Larry Heller is excited to be joined by Joy Loverde, a leading consultant in the mature-market industry and a trusted advisor in aging, caregiving, and elder care-related issues. Joy is also the author of the aptly titled book, “Who Will Take Care of Me When I’m Old?” Join Larry and Joy as they discuss five categories of her book that equip you to plan for a high quality of life later on, regardless of whether you’re aging with a close-by support system or on your own.

In this episode, you’ll learn:

Reasons why today’s children might not be available to act as caregivers
The difference between small thinking versus strategic thinking
Who Joy interviewed as she wrote her book
What to consider before you commit to aging in place
About alternatives to living in a facility or completely alone
And more!

Tune in now to discover what goes into planning for a financially secure and happy old age.

Resources:

Heller Wealth Management | Joy Loverde | Who Will Take Care of Me When I’m Old? by Joy Loverde