Tag: Healthcare Proxy

FEATURE
Estate Planning as an Expression of Love and Responsibility (Ep. 148)

Estate Planning as an Expression of Love and Responsibility (Ep. 148)

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What if one of the most meaningful ways to care for your family has nothing to do with gifts or holidays? Planning ahead can ease stress, reduce conflict, and create clarity when it matters most.

In this episode, Peter Raskin explains why estate planning is ultimately an act of love for spouses, children, and heirs. He outlines the essential documents every family should understand, including wills, powers of attorney, and trusts. Peter also shares practical steps to simplify finances, avoid probate, and reduce potential estate taxes. Through real-life examples, he highlights how thoughtful preparation protects assets, addresses elder abuse risks, and fosters deeper family conversations across generations.

Peter discusses:

  • The purpose of wills, executors, and how proper planning prevents assets from being distributed solely by state law
  • The roles of living wills, healthcare proxies, and financial powers of attorney in medical and financial decision making
  • How revocable and irrevocable trusts function, avoid probate, and help protect assets from creditors or divorce
  • Practical strategies such as consolidating accounts, updating beneficiaries, and transferring property into trusts
  • The importance of family conversations about heirs, remarriage risks, elder abuse prevention, and planning for pets
  • And more!

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This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

FEATURE
Building a Strong Foundation: Considerations in Supporting Your Independent Young Adult (Ep. 100)

Building a Strong Foundation: Considerations in Supporting Your Independent Young Adult (Ep. 100)

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As parents, it’s crucial to have open conversations with our children about their future, especially when it comes to financial independence. 

In this episode, Peter Raskin delves into the essential conversations parents should have with their children regarding their future. He explores legal considerations like access to important records to financial aspects such as health insurance coverage and budget adjustments and provides practical insights and steps to navigate this important phase of parenthood. 

Peter discusses:

  • The significance of open communication with your child regarding their financial future and the different definitions of independence among families
  • The importance of discussing financial expectations and preparing children for post-high school or college life
  • Key considerations such as access to important records, state residency requirements, health insurance coverage, health savings accounts (HSAs), and financial planning after your child leaves the house
  • The top questions you should have the answers to about your child’s financial future
  • And more

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.