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…
In estate planning, a letter of instruction is an important component 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…
Do you find yourself working, caring for your own kids and spouse, your parents, and yourself? That makes you part of the Sandwich Generation. You are not alone—almost half of America’s 40- and 50-year olds are in the same boat.…
Estate planning and elder law are both alike, but on the flip side, they are also quite distinct. The Concerns are Similar No matter what age we’re in, life can deliver some hard knocks. Hope for the best, but plan…
A trust is set up to manage a person’s assets and property, and this trust is overseen by an appointed person. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility…
About 50% of Americans do not currently have a will. While a will is a necessary document that every person who owns assets should have, it is still a relatively simple document that may not cover everything you want it…
When a family member has passed, the family sometimes 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…
Many older Americans are willing and able to work, however, in April 2020 the unemployment rate for eligible workers 55 and older increased to 13.6 percent. COVID-19 restrictions and associated layoffs account for some unemployment increases, but so does the…
In America, a lot of parents do not live close to their children. Managing aging parents or in-law medical events can be a serious challenge without proper preparation and understanding of what your parents' strategy may or may not be,…
Imagine a pair of aging parents that have been farmers and own their farm. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm,…