When it comes to estate planning, older Americans are typically more prepared than their younger counterparts. However, according to survey data,19 percent of people over the age 72 and 42 percent of those between 53 and 71, have an established…
A living will lays out your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will…
The gift tax is a tax on the transfer of assets, cash or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under…
As many state officials now begin to ease current Covid-19 restrictions, the Wall Street Journal (WSJ) reports that the Centers for Medicare and Medicaid Services (CMS) is considering likewise for nursing-home residents and their families. Since March 13, visitors and…
Shocking as it may be, a significant portion of Americans do not have a plan in place for their retirement. They average American worker is not saving nearly enough, if any, of their income for retirement. This will inevitably lead…
Occasionally, medical professionals are faced with power outages while delivering medical care to seniors aging in place, in retirement communities, assisted living facilities, and in nursing homes. While everything is fine while devices, enterprise servers, and cloud services are powered…
Seniors are staying connected online during the pandemic and turning to technology to keep up with friends, family and current events. In many states, lawyers can now use this new online connectivity to create estate plans remotely from start to…
Many parents are uncomfortable talking to their kids about their wealth. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk…
Most people understand that by paying into Social Security throughout their careers, they can receive health care benefits through Medicare starting at age 65. Individuals under age 65 who qualify to receive Social Security Disability benefits are also covered under…
Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a blended family. Blended families highlight the need for careful estate planning to make sure the…