Aging Care: 6 Tips for Caring for Elderly Parents
You may worry about your older loved ones, especially if you live far away from them. You can, however, take some simple steps to ensure their safety as they age.
Be Prepared to Help Your Family
Unfortunately, substance abuse, homelessness, and mental disabilities are all common occurrences in today’s world. Many families want to assist their family members that are struggling like that, but are unsure how to help, given that money might hurt more than…
How is My SSDI or SSI Altered by Personal Injury Settlements
There are several questions regarding personal injury settlement effects on Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) monthly benefits you may already be receiving. Depending on the situation, you may want to apply for SSDI benefits and pursue a…
Digital Era Estate Planning and What to Avoid
As our lives become increasingly integrated with the Internet of Things (IoT), it is more important than ever to identify and manage the digital property you own. From smart home devices to online investments and bank accounts, we’ve gone way…
Make Memories with Your Personal Possessions
Imagine that your estate plan is complete. In addition to taking care of your home, savings, and investments, it ensures that your family receives valuable estate items in an equitable and efficient manner. Your plan will also protect your legacy from…
The Future Financial Well-Being of Your Parents
Aim to talk finance with your aging parent as soon as possible, especially if they are beginning to decline cognitively. It will take time to gather all the information you need for a complete financial assessment of their aging needs.…
Managing Your Wealth in Irrevocable Life Insurance Trusts
Considering that the federal estate tax exemption allowance appears to be at risk of being lowered, you may want to reconsider how you plan to pass wealth to your heirs. Senate Democrats are proposing to lower the current estate tax…
Keeping an eye out for Elder Financial Abuse and Fraud
The National Council on Aging (NCOA) estimates that Americans lose between 2.6 and 36.5 billion dollars annually in financial fraud and abuse related to elders. And although self-reported financial exploitation occurs at higher rates than all other types of elder…
Reasons to Avoid Adding a Child’s Name to Your Bank Account
Although it can be useful to have another party available to help keep track of bills when you’re sick or away, adding a child’s name to a bank account may be more of a hassle than it’s worth. Doing so…
Using Life Insurance to Enhance Your Estate Plan
Your grieving loved ones should not have to inherit assets only to find they are not accessible for cash expenditures they will be responsible for after you pass away. Most retirees’ assets are in homeownership and retirement accounts, requiring a…