Why Putting off Estate Planning Is a Bad Idea
I do not own a lot of things with my family. Shouldn't we wait until we can afford to plan? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children…
Understanding the Duties of Guardianship
As your parent ages, there may come a time when you must take on guardianship for your parent, accepting legal responsibility for their care and wellbeing. The duties include a parent's daily care, medical care, and possibly financial decisions made…
Discuss Your Estate Plan with Family Members
An estate plan is the best vehicle for transferring assets upon your death to your loved ones. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and…
How to Choose a Life-Saving Medical Alert Systems
Envision your parent is just being released from a long stay at the hospital. The care providers assure you that your parent will be fine returning home, but you still worry. How can you make sure your parent is safe…
The Effects of the Build Back Better Act on Estate Planning
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step towards passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net worth…
You Should Plan For the Unexpected With Short-Term Disability Insurance
Sandy worked full time and was the sole caretaker for her 85-year old mother. Sandy would help her mom in the evenings and weekends. Unfortunately, Sandy was in a serious car accident and would be out of work for at…
Spending Among Wealthy Retirees Is Low and This Is Why
Even though we have experienced a cycle of more than 10 years of economic growth, many wealthy retirees are reluctant to spend money for fear of running out of cash. Bloomberg.com is reporting many retirees, and near-retirees are sitting on…
Your Health Care Power of Attorney State Your Final Health Care Decisions
If you are unable to make decisions for yourself, you can give this legal authority to someone else through a Health Care Power of Attorney, also called a Health Care Proxy or Durable Power of Attorney for Health Care. This…
Seniors Aided by New Technological Advances Enabling them to Age in Place
With the boom in the elderly population, the technology industry has taken initiative to develop technologies that assist the elderly in many ways. There are continuous developments and implementations of inventive digital Internet of Things (IoT) solutions that transform the…
Add a Personal Property Memorandum to Your Will or Trust
When a family member has passed, the family occasionally ends up arguing over personal property. Arguments can take place over things like a coffee mug, a piece of jewelry, or a painting. These types of arguments can be eliminated by…