In order for the elderly and disabled to receive the personal and health support they need, long-term care insurance can be the solution. However, it is important to understand long-term care insurance before the time comes when the benefits are…
The passing of a spouse is not only a very emotional challenge but can be financially difficult as well. It is common for one spouse to handle family tax and estate plans, and a widow(er) may be looking at a…
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step toward the passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net…
You may have heard that it's best to avoid probate court if at all possible. But just because people may have heard that term, doesn’t mean they know exactly what probate means, why it can be a problem, or how…
There are direct and indirect costs associated with Alzheimer’s and other related dementia diseases policymakers have to consider. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month…
The Covid-19 pandemic has brought an important question to the forefront; how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical…
Cryptocurrency is a digital asset and as such needs to be addressed differently than traditional estate planning assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of…
Data breaches have unfortunately become a common occurrence, with the Capital One data breach, for example, compromising 100 million Americans. But what hasn’t been receiving much major media coverage are the recent breaches affecting seniors. One such breach occurred last…
A client asked us this interesting question: After my brother died, he left money in a revocable trust for my children – but they could only get that money if they spent it on a trip to Tanzania to visit…
Many elderly Americans suffer from Alzheimer’s disease, a progressive neurologic disorder marked by a steady decline in cognitive, behavioral, and social skills. Initial symptoms are often mistaken for normal aging and include problems with language, mood swings, disorientation, loss of…