Most of us acquire assets as we get older. The effective management of these assets where planning and short term goals are balanced can be a big part of everyday well – being in both the near and the longer term. We have people who can help come up with alternatives for managing these assets that may not have been considered.
Government and community programs can often help with the financial burden associated with illness and disability. Having this information and knowing how to apply for assistance can make a big difference.
Estate planning is all about making the best decisions while you are able to in order to achieve the results you want when you are no longer around. This includes tangible assets as well as personal desires – and asset management, financial and tax planning. Making this happen is a multi-faceted activity that requires financial, legal and family involvement.
A reverse mortgage is an option that may help you to realize a dream or it can supply much needed income at a time of financial stress (as a result of illness or injury for example). Understanding the implications can make a huge difference in financial planning.