Baby boomers are preparing to leave their legacies through estate plans, putting America on the cusp of the largest wealth transfer in its history. Over the next 25 years, projections estimate $84 trillion will be in motion to create an unprecedented generational…
As technology advances, aging Americans are able to live in their homes longer and with more safety thanks to self-monitored medical devices, telehealth, and smart homes. Elder law and at-home medical technology uses can intersect in several ways. Whether you…
Depending on your goals, you can use either revocable or irrevocable trusts in estate planning. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward. The creator of a trust is a grantor…
Americans will continue to experience inflationary highs well into 2023 and beyond without significant course corrections. Bankrate’s Third-Quarter Economic Indicator poll projects inflation will be more significant than previous expectations over the coming twelve to eighteen months. Even in the best…
The percentage of Americans who have a will is about 33 percent, although more than 50 percent find estate planning important. caring.com Those individuals with a will may have moved to a different state or forgot to update their will…
We are living longer than previous generations, so many of us are going to need long-term care as we age. It’s estimated that seven out of ten Americans will need long-term care during their lives. Long-term care can include care…
Your assets, your wishes, and the people you love are important to protect regardless of gender identity or sexual orientation. Estate planning allows you to designate your partner, whether you are married or not, as the person who can make…
Generally, annuities pay a fixed annual amount of money to their owners for as long as they live. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase…
Statistically, fraud is increasing in the senior and near-senior age categories. With more and more people online, scammers are becoming more adaptable and mimicking communications that mimic tech support, government employees, and romantic partners. Seniors are particularly vulnerable groups as…
Dealing with the death of a loved one and receiving an inheritance is an emotional time. The loss of a loved one is sad but the influx of funds can bring joy or relief. It can be hard to think…