Increasingly, senior consumers are focusing on wellness and affordable solutions. Improving and maintaining greater physical and mental health lifestyles through proactive and preventative measures is increasing. For seniors to thrive and flourish in retirement, technology and reliance on community and…
The sandwich generation includes anyone who struggles to care for both their children and their aging parents. Although generation is part of the phrase, it does not refer to people born at a specific time. Typically, these “sandwich” family caregivers…
In the case of digital assets, traditional estate planning elements are mostly obsolete. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing complex…
I am responsible for paying my uncle’s medical bills while he is hospitalized. Back in 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn’t, like now. But…
You need to take practical and legal steps to plan for your child’s transition to adulthood as they turn eighteen. Begin well before their birthday to ease the transition and ensure they continue receiving their government benefits as an adult.…
In estate planning, several documents are created outlining a person’s wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries for your assets. You can also express…
It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course correction. Bankrate’s Third-Quarter Economic Indicator poll projects inflation will be more significant than previous expectations over…
2023 will bring the biggest cost of living adjustment (COLA) in decades and a lower Medicare Part B premium. It is being touted as a win for the American people. According to the Social Security Administration, there will be an…
The truth is none of us know the future. US tax legislation proposals are fraught with uncertainty. Estate and gift tax exemptions may get cut in half or not, and whatever happens will likely affect all deaths and transfers of…
Probate may sound complex and expensive, but it is a standard legal process that formalizes the transfer of assets from a deceased person to their beneficiaries. Whether or not you require probate depends on the type of property and how…