Among older Americans, divorce and widowhood are at an all-time high, leading to new partnerships. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships. Cohabitating…
There are many people who use trusts, not just the wealthy. In addition to serving many purposes, they address specific problems that are less concerned with wealth, and put the focus more on family dynamics. Do you want to keep…
Most young parents are not concerned about death or serious illness or injury. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and…
A special needs child requires special consideration when estate planning. You'll need to assess how your child will be able to function in the world as they age. There are many questions to answer, including: What is the child's long-term…
A cornerstone of philanthropy is charitable giving. People enjoy making meaningful contributions to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams, charitable remainder annuity…
Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies…
Before seeking medical care, imagine if you were ill and had to decide if you could afford it. Unfortunately, for many Americans, seeking medical care hinges on affordability rather than medical necessity. About half of US adults have gone without or delayed…
As a precautionary measure, you should make provisions in case you become incapacitated and require someone to manage your affairs when you become incapacitated. These legal documents can grant broad authority to one or more power of attorney agents to…
You can designate an individual as your power of attorney if you want them to make decisions or conduct transactions on your behalf. They could be related to personal finances, business operations, or medical needs and used for a single…
It's common to hear about trusts in reference to beneficiaries. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all sizes. They are used to manage and protect…