As we age, it can become increasingly difficult to manage our assets. Most of us will, at some point, need assistance with these details to help ensure that our financial and other assets aren't depleted. If you or an aging loved one are looking for ways to safeguard assets, a Living Trust is oft...
Unfortunately, we all have come to know the astronomical expense of long-term nursing care. Costs can run around $7,000.00 or more per month, depending on location. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand “baby boomers†a day tu...
Due to the roll out of a widely successful vaccine program, more and more of us are either receiving or becoming eligible to receive the COVID-19 vaccine. According to the medical community, vaccinated individuals are significantly less likely to contract COVID-19; however, they may pose a health...
AARP reports that the demographic of ages 85 plus will triple between 2015 and 2050. This means we all face many challenges ahead, as they are likely to need expensive and extensive long term care. Elected leaders must rethink institutional care and its affordability and make improvements while c...
Although, most parents choose to treat their children equally when it comes to inheriting property or money, sometimes parents intentionally choose to not leave anything to a child and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the ...
The Wall Street Journal (WSJ) reports that the Centers for Medicare and Medicaid Services (CMS) is considering opening nursing-homes to their families since many state officials have begun to ease current Covid-19 restrictions. Since March 13, visitors and communal activities have been banned und...
By 2030 all boomers will have hit 65 years of age, accounting for 18 percent of the US population. The aging population in America is becoming comprised heavily of tech-savvy baby boomers. This demographic is driving significant and lasting challenges as 10,000 baby boomers turn 65 every day. Agi...
As the Coronavirus continues its viscous spread among nursing home staff and residents, valuable and accurate data pinpointing areas of concern is often rife with haphazard data collection providing skewed information. The most recent Kaiser Family Foundation data analysis indicates that federal ...
During the coronavirus pandemic of 2020, health systems and hospitals have been coping with unprecedented challenges. There has been a need to increase and safeguard healthcare staff as well as non-COVID-19 patients, testing and treating infected patients, expanding critical care unit capacity, p...
According to the US Census Bureau (Bureau of Census), Baby Boomers are estimated to be 73 million strong. The baby boom generation is comprised of those Americans born 1946-1964. This number represents nearly 20 percent of the American public. As they enter their 60, 70, and 80th decades, their i...
If parents wait too long to begin instilling family values, it can be especially challenging to successfully address and legally formalize inheritance of family values and assets. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during c...
If you ever think, “Can't I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?â€, then think again. It's just not a good idea. For the plan to work as you would want it to, it should account for plenty of ...
The clearest choice is to divide everything into equal shares when it comes to deciding how to leave property to your children. That is the straightforward choice when all your children are doing equally well. But if not – if, for example, your son is a starving artist with mouths to feed and y...
The baby boom generation is made up of those Americans born 1946-1964, and according to the US Census Bureau (Bureau of Census), their numbers are estimated to be 73 million strong. This number represents nearly 20 percent of the American public. As they enter their 60, 70, and 80th decades, thei...
Properly addressing and legally formalizing inheritance of family values and assets can be challenging, especially if parents wait too long to begin instilling family values. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during childh...
We hear this question all the time: “Can't I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?â€It's just not a good idea. For the plan to work as you would want it to, it should account for plenty of com...
It is nothing short of a national tragedy; 45 percent of aging Americans are not making it financially to meet their most basic needs. Many of these older adults must routinely shuffle their available resources in an attempt to keep quality health care, a roof over their heads, lighting, heating ...
A big percentage of adult children in the US live far away from their parents. Managing aging parents or in-law medical events can be a serious challenge without proper preparation and understanding of what your parents' strategy may or may not be, no matter where you live. Do you know what legal...
Probate is a legal term used to describe the legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors. After an asset-holder dies, the court will appoint a valid will's executor t...
As Americans prepare for a Biden Harris Administration, noting the President-elect's tax plan is crucial for higher-income households to understand and likely make adjustments to their financial and legacy planning. Generally speaking, the sweeping changes to the tax code will aim to levy higher ...
As the holidays approach and coronavirus cases continue to spike throughout the country, holiday travel and visitation hopes are on a collision course with COVID-19 and public health safety. The holiday season is here. Senior living communities and long-term care facilities and their operators ...
Polling shows that the number one worry of Americans as they age is memory loss, outpacing fears of a lack of money or loneliness. The most prevalent among all dementia is Alzheimer's disease. According to the Alzheimer's Association Facts and Figures Report, Alzheimer's accounts for an estimated...
The coronavirus pandemic is creating problematic scenarios for Americans beyond becoming infected with the virus itself. If you are close to retirement age and recently lost your job, there is a good chance you may not find work again. The Great Recession (2007-2009) saw workers aged 62 and more ...
My family and I don't own much. Can't we put off planning until we can afford it? You shouldn't. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen to you. You don't want your children to become wards of the court, or to be deliv...
A letter of instruction (LOI) is an important piece of a comprehensive estate plan. A letter of instruction can help your loved ones manage important information about you. A LOI conveys your desires, includes practical information about where to find various items referenced in your plan, and it...