Swerdloff Law Firm September 2018


must be continually funded, which means that all of your personal assets must be transferred into it before they can be dispersed to your beneficiaries. When some of your assets aren’t put into it, they won’t be given to the family or friends you intended. Instead, they are dispersed to heirs, by law, who may not be the beneficiaries you wanted. A pour-over will ensures that the assets that haven’t been transferred into the trust are still passed to your intended loved ones. Deciding which will is best for you is difficult. Many people don’t realize the burden that is placed on the family when the more delicate details of a will aren’t made. The hardest choice can rest with the guardians who have taken care of you in the last years of your life. If you find yourself in a situation where you need to take care of these details for the first time but aren’t sure of where to turn, Swerdloff Law can help. Call our offices today using hobby is a great use of your time at any age, but especially during retirement. As Dick Van Dyke once said, “To me, retirement means doing what you have fun doing.” Here are three questions to help you discover a hobby that’s right for you. DO YOU HAVE A DORMANT PASSION? Work has a tendency to put our other interests on the back burner. Maybe you painted for pleasure during college but put the canvas away to focus on your career. Perhaps you were once a chess fanatic, and today you find your board gathering dust from lack of use. Now is the perfect time to rediscover those once-beloved activities. WHAT HAVE YOU ALWAYS WANTED TO DO? Discovering new hobbies is just as rewarding as rekindling old ones. Have you ever heard about a pastime and thought, “I’d love to do that, if only I had the time”? Former NFL quarterback Drew Bledsoe opened a

winery after retiring from football. While you probably don’t have the financial resources of a professional athlete, there’s nothing stopping you from pursuing a newfound passion at the same velocity as the footballs Bledsoe threw. IS THERE A CAUSE YOU WANT TO SUPPORT? Volunteer work can be incredibly fulfilling, especially when you have the time and energy to devote to it. Many older adults find that giving back to the community adds meaning and purpose to their lives. The best way to figure out how to donate your time is to think about a cause dear to your heart. From there, find a reputable organization that supports said cause, and see what you can do to help. Retirement is the perfect opportunity to throw yourself head-first into something you’re passionate about. So what are you waiting for?

Aside from financial concerns, the No. 1 question that most impending and recent retirees struggle to answer is how they will fill up all their time. While spending time with family and relaxing are priorities for most folks entering the post-career chapter of their lives, these aren’t enough to fill up the bulk of your newly acquired free time. Cultivating a

Make Decisions Now and Avoid Hardships Later THE BEST CHOICE FOR YOU

Many people don’t know or understand the difference between a living will and a pour-over will. Each has their pros and cons, and your choice depends on what you want for yourself and your family. Knowing the differences between them can help you make the right choice for you and your assets. A living will can be emotionally challenging to create. This type of will tells your doctors or guardians not to resuscitate you if you’re terminally ill, in a coma, or on any form of life-support. For some, this is the best choice to make. This kind of will also helps your loved ones by not leaving them with the decision to remove you from life-support once you can no longer communicate or act on your desires. A pour-over will serves as a safety net for your assets that are or aren’t included in a living trust. A living trust is a trust that

the number at the bottom of the page and receive a free consultation to go over each type of will and how they could benefit you and your family.


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