It costs a lot to miss out on discussing your adult children’s inheritance with them. Managing their expectations as they make their financial plans and knowing their general inheritance situation will help them make better decisions. These are practical matters…
Planning for our end-of-life is a difficult topic. Most of us don’t like to think about or discuss it. Without planning, we will have fewer options, and things may not go as well as we would like. You may wish…
It is common for people to communicate their wants and needs, but some people lose this ability as they age, become injured, or become ill. When this happens, they need someone they trust to advocate for them. You can prepare…
Assets or wealth are transferred from one person or entity to another via wealth transfer. The transfer can happen either during your lifetime or after your death. Wealth transfer strategies use various methods to create the most tax-efficient and effective…
In most cases, people don’t want to think about their own death, so they avoid the subject. However, since they don’t want to discuss it, they don’t make plans for what they want to happen after they die. More than…
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…
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…
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…
In 2023, Medicare Part B premiums will be reduced and the cost of living adjustment (COLA) will be the highest in decades. It is being touted as a win for the American people. According to the Social Security Administration, there…