Depending on your age and your parent’s estate planning circumstances, there may come a point when you realize the need to have this very important conversation. It’s not easy to bring to light, but that doesn’t mean you should run and hide. If you realize that now’s the time to discuss estate planning with your parents, you shouldn’t hesitate to dive right in. With the right approach and the proper amount of compassion, you should be able to step in and provide assistance where … [Read more...]
Do You Need Long-Term Care Insurance?
As you age, there’s always a chance you could require some type of long-term care. Maybe you need a home health service to help you with daily tasks. Or maybe a stay in a nursing home is the perfect solution. Regardless of why you need long-term care, there’s sure to be a question on your mind: how will you pay for it? There’s no simple answer to this question, as it varies based on the type of care you require, your financial situation, and the planning you’ve done in advance. Buying … [Read more...]
Preparing for Coronavirus
The novel coronavirus, COVID-19, is spreading in the United States and across the globe. Learn what steps you can take to prepare yourself and help prevent its spread. Read on to learn more. … [Read more...]
Take Care of Yourself as a Caregiver
As a caregiver, there’s something you must always keep in mind: it’s critical to care for yourself, just as much as you care for your loved one. If you neglect to do so, it could result in a situation in which you put off your own health concerns, thus causing additional trouble in the near future. Finding relief is easier said than done, especially if you like to take a hands on approach, but there are places you can search for help: Home health care agencies Other family members … [Read more...]
Beneficiary Designations and Other Non-Probate Transfers
Many of us are surprised that our assets may not go to those named in our Will. However, if you have assets controlled by beneficiary designations or other non-probate transfers, that’s the case. Read on to learn how a Will might not control all your assets. Read on to learn more. … [Read more...]
Planning for the SECURE Act
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. The first article in this series examined the SECURE Act. This article examines some planning strategies for dealing with the SECURE Act. Read on to learn more. … [Read more...]
The SECURE Act and What It Means for You
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. Read on to learn more. … [Read more...]
How Will You Age in Place and Be Able to Die at Home?
More and more, Americans are choosing to be cared for and are dying in their own homes. If you wish to be cared for and die in your own home, it’s especially important to have a plan in place to facilitate that choice. Read on to learn more. How Will You Age in Place and Be Able to Die at Home? … [Read more...]
Tax Planning for 2020
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2020 is just starting, it’s not too early to think about planning for whatever it may bring your way. Tax Planning for 2020 … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 4 – Lack of Testamentary Capacity
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. This fourth article in the series looks at testamentary capacity. Reasons an Estate Plan Could Be Challenged: Part 4 – Lack of Testamentary Capacity … [Read more...]
