We'll help you find the right solution for your needs
Does this sound like your topic?
I'm 56, divorced, retired military, in my second career, have a mortgage, and a fair amount of life insurance.
Some of the life-insurance, paid for through my military retirement, is encumbered by a Financial Settlement from divorcing after 31 years (18 of that in the Military).
I'm in a second career (federal government - 14.5 years) and have retirement (federal Employee Retirement System (FERS)) and life insurance (Federal Employee Group Life Insurance (FEGLI). The ex-wife is currently the beneficiary.
I now have a partner who I would like to make the beneficiary, but I want to ensure what assets I have are protected and channeled in the direction I want.
Shielding assets from taxes and medicaid is also important.
Should I be looking at a will or a trust?
Divorce Dissolution of marriage Lien Wills and estates Estates Life insurance and estate planning Gifting estate assets Taxes and estate planning Estate tax Wills Elder law Medicaid and elder law Trusts Trustee Types of trusts Revocable trust Living trust Revocable living trust Trust assets Trust beneficiaries Tax law Court orders