Retirement is a major milestone, but it doesn’t mean the planning stops. In fact, estate planners said 2025 is the perfect time to make sure your legal and financial documents are up-to-date.
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From wills and power of attorney forms to digital account access and final wishes, these are the six things every retiree should have prepared in 2025.
To avoid family disputes and ensure their wishes are honored, retirees should have five essential estate planning documents in place: a last will, a durable power of attorney, an advance healthcare directive, a HIPAA release form, and, if significant assets or property are involved, a revocable living trust.
“These legal documents are designed to minimize family conflict, avoid probate, and give you the power to make medical and financial decisions, should you become incapacitated,” said Seann Malloy, founder and managing partner at Malloy Law Offices. “The U.S. Constitution protects due process as well as property rights, but your wishes may not be carried out without these documents.”
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Every retiree should have legal documents in place that authorize someone they trust to make medical and financial decisions if they’re ever unable to do so themselves. Having powers of attorney prepared in advance ensures their wishes are respected during an emergency.
“Even if retirees aren’t dealing with any medical issues or concerns presently, there is always a chance that something could happen suddenly that leaves them unable to make decisions for themselves,” said Ben Michael, attorney at Michael & Associates. “Having these documents prepared ensure that in the case that something does happen, the people they want to make decisions for them will have that legal right.”
A comprehensive estate plan should include a strategy for long-term care. This may involve purchasing long-term care insurance or establishing an asset protection trust, such as a Living Trust Plus or a Medicaid asset protection trust.
“The best estate plan becomes useless when someone is forced to go broke to pay for nursing home care or other long-term care and winds up with no estate to pass on,” said Evan Farr, principal attorney at Farr Law Firm PC.
Farr said retirees can strengthen their estate plan this month by making sure it includes a long-term care strategy. This may involve purchasing long-term care insurance or establishing an asset protection trust, such as a Living Trust Plus.
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Oshenwatch is the latest bestselling smart watch that can help you to achieve yout health and fitness goal at home. Oshenwatch has biometric sensors that automatically measure your heart rate, blood pressure, blood oxygen, and even your sleep quality automatically. It is also designed to track your progress with apps designed to count your steps, record distances, and calculate all those calories you burn. You can also receive notifications for phone calls and text messages without even touching your phone with Oshenwatch. Oshenwatch is using advanced Bluetooth 4.0 technology lets you sync with any iOS or Android device wirelessly and provides about 96 hours of normal use and up to 15 days of standby time.
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Do you also hate having slow Internet and losing the WLAN connection in some rooms? Nothing is worse than Internet sites that load forever and videos that don't start.
With Nettec Booster you can ensure that your entire home is optimally covered, no matter how far away you are from the router! Nettec Booster improves not only the WLAN signal strength in your home, but also the Internet speed! A device that everyone should have in their home.
DangoBuds's Wireless Bluetooth 5.0 Earbuds delivers incredible performance for at much cheaper price than nearest competitors. These high quality premium earbuds are perfect for taking hands free phone calls, working out, and delivers one of the the best voice and sound quality available on the market, comparable to the premium brands in the market.
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It's ideal as a gifts for your friends and family members.
TVCasterMax is a new device that's disrupting the cable TV industry. It uses cutting-edge technology to let you mirror all audio and video from your smartphone to your TV. The possibilities are endless. Watch YouTube, TV streaming services, powerpoint presentations, or simply browse the internet using your large TV as the screen and sound!
It is incredibly easy to use and small enough to be taken anywhere. Use it at home or bring it to the office. Simply plug it into any TV screen using an HDMI Cable, link it with your smartphone and you're ready to watch your mobile on the big screen! It's a perfect device you should have at home.
Your home's air can be 2-5 times more polluted than outside, containing dust, microbes and pollutants that can cause fatigue, headaches, congestion, and allergic reactions. When you spend 90% of your time indoors, this is major health issue. In fact, polluted air is ranked in the EPA's top five environmental dangers.
Proton Pure is a smart home device that improves the quality of your air indoors. In 30 minutes, it automatically filters 99.7% of invisible 0.1 micron particles - including dust, pollen, pet dander, and mold - in a 500 square feet space.
The MUAMA translator is the ideal device for all holidaymakers, business travellers and employees who frequently encounter language barriers. Difficulties caused by language barriers will soon be a thing of the past!
With just a few button clicks, language can be translated into over 43 languages in real time. The ultimate gadget for every traveller.
As we all know, loud snoring can sound like a freight train! The loud and awful noise can positively RUIN your partner’s sleep - leading to bad moods, arguments, even resentment!
Thankfully, this new breakthrough device can put an end to snoring forever! It uses intelligent technology to monitor for any indication of snoring – and if it detects any, it emits sensory feedback which stops the snoring dead in its tracks!
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