The passing of a loved one is a stressful time for anyone. Add an inheritance into the mix and relationships between family members can add even more stress. One thing is certain; receiving an inheritance without proper planning is the best course of action. Below are some things to consider before moving forward with an…Read More
Financial planning for retirement normally includes some travel and more time to be social with friends. However, most older adults do not allow for caregiving in their retirement budget – whether it’s hiring a caregiver to care for a loved one or being a caregiver themselves. Planning for Care When caregiving needs become a priority for…Read More
Driving a car can feel like second nature, but as we age that feeling turns into uncertainty. Aging affects eyesight, reflexes and overall safety while driving. The decision to take car keys away from an aging family member or friend is an emotional one but having those hard conversations earlier and paying attention to any…Read More
When is the right time to move loved ones into an assisted living community? It’s a question faced by many. The answer is different for every family. Let’s take a look at some of the most common reasons why families move their loved ones into retirement communities. Daily activities The ability to care adequately for…Read More
Long-term care insurance is a type of coverage that helps pay the expenses of long-term care as people age, from assisted living facilities, nursing homes and caretakers to medical equipment and adult daycare services. Like any insurance, there is a level of uncertainty about whether it will repay the buyer in benefits. Given that nearly everyone will need…Read More
Members of the military have a more dangerous occupation than the average American. Because of this, service members should make estate planning a priority. Make a plan and prioritize estate planning now so in the event that something happens to you, your loved ones will have clear instructions for your assets. Letter of instruction A…Read More
The stock market entered bear market territory earlier this year. The combination of higher interest rates and inflation, coupled with the covid pandemic, has caused the 20% market decline that qualifies the “bear market” conditions. When it comes to estate planning, this environment creates opportunities for some individuals and challenges for others. Opportunities Individuals can…Read More
Mental illness in the United States is more prevalent than many people realize. This type of illness is underfunded in the healthcare sector, infrequently addressed in legislation, and rarely discussed openly. It’s no surprise that mental illness is seldom mentioned in estate planning. There are some important issues to consider when planning an estate that involves a…Read More
Twenty years ago most people would only have a handful of online passwords to remember. Today, our digital life is much different. We bank online, some have cryptocurrencies, pictures are stored in the cloud and our daily lives are interwoven with digital information. Not everyone makes plans for their digital assets after they pass away,…Read More
A family member or close friend who is concerned about the mental and/or physical capacity of a loved one may decide to seek a formal appointment as the person’s conservator or guardian. Dementia, Alzheimers or a serious illness are the top reasons for a guardianship or conservatorship. Additionally, if a child with special needs who…Read More
