Despite the COVID-19 pandemic, caring.com reports that overall, older Americans without wills remain the same. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now…
When it comes to inheritances and Medicaid, mistakes can be made, and those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully…
The COVID-19 pandemic underscores the importance of advance care planning and directives. Responses to vaccinations and understanding their efficacy, reinfection potential, and long-haul symptoms resulting from COVID-19 continue to baffle our scientific understanding. It appears the coronavirus will continue to…
Many financial experts believe that waiting until your aging parent is in cognitive decline to talk finance is a mistake. It will take time to gather all the information you need for a complete financial assessment of their aging needs.…
We don't own much. Aren't we better off waiting until we have the money to plan? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen…
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…
Probate can be avoided if you have the right strategy in place, saving you money in taxes, avoiding public proceedings, and the requirement for court approval. It can save you time, frustration, and in many cases, significant attorney and court…
Entrepreneurs have several important characteristics in common such as motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. These individuals create new businesses bearing most of the risks and reaping most of the rewards if…
In estate planning, a letter of instruction is an essential element of the overall plan. It is an informal document that will give your loved one’s important information about personal and financial matters after your death. Letters of instruction are…
Imagining the likelihood of getting a deadly illness or injury is not something people like to think about. Because of this, we rarely think about how to protect ourselves and our loved ones if the worst were to happen. However,…