It can be very difficult to watch your parents age. They may experience medical events like strokes that terrify you and leave them with diminished physical and mental abilities. They could indoor the slow loss of memory and changes in personality associated with...
One of the saddest things to see is when a previously close family falls out over money. If you die without making a proper estate plan, it increases the possibility that this could happen with your family. These are some steps you can take to reduce the chance of...
When an older adult could have medical needs that exceed the coverage they will receive through Medicare, applying for Medicaid may become necessary. Planning for the potential need to qualify for Medicaid is important for those close to retirement age. If you don't...
As you set up your estate plan, something that you should think about is who you’d like to have as your health care power of attorney (otherwise known as your health care agent or medical power of attorney). Choosing the right person for this job is essential because...
You love your child very much, but the reality of their future is that they may not be able to take care of themselves alone. For this kind of situation, a special needs trust can be invaluable. With a special needs trust, you can help protect your child’s...
The unfortunate reality is that there are a lot of estate planning myths out there, and people may accidentally fall for them without even realizing what they are. For instance, maybe you wanted to do your estate planning and you asked a friend for help getting...
If you’re getting divorced, you have probably heard that you need to tell your children that it is not their fault. To you, this may seem pointless. It’s clearly not their fault, and you clearly still love them. They would never think they caused it, right? The truth,...
As the executor handling the administration of an estate, you have a lot of responsibilities. One of the most important things you may possibly have can involve selling some of the assets from the estate. There are two circumstances where asset liquidation may be...
The more thorough you are with your estate plan, the easier it is for your assets to pass to the right parties in accordance with your desired legacy. For many people, a last will seems at first like the only thing they may need in an estate plan. As they grow older,...
The transfer of assets to your loved ones after you pass away can be a challenging undertaking if you don’t take the steps now to make it easier. One of the things that you can do is to establish trusts that enable your loved ones to inherit what you intend for them...
