When planning for the future, one must keep in mind the damaging effects of inflation. Inflation refers to the increase in the rise of prices
Most of us associate 529 accounts as college savings vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. However, did you know that a 529 can also be a powerful estate planning tool?
Getting paid as a parent’s caregiver can be beneficial to both the parent and the child if structured properly.
According to a Caring.com survey, only 4 in 10 American adults have a will or a living trust. And what may be even more surprising is that younger adults are outpacing their middle-aged and older counterparts when it comes to estate planning.
Relying on Medicare to pay the costs of long-term care is a costly mistake.
Elder law and estate planning documents are not commodities. They are only as good as the source of the documents.
Today, estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with disabilities, individuals struggling with addiction, spendthrifts and even minors. There are planning options available to do so.
We wish you and your family a joyous and safe holiday and happy new year! May the good cheer last throughout the year!!
If your life changes, so should your estate plan. Marriage, divorce, death of a spouse, a birth and a changing relationship with a child are just some of the life changes that may affect your estate plan.
While a will is often part of an estate plan, an estate plan covers much more ground.
If you don’t make the right choices to fill in the health coverage gaps, you could end up with high Medicare premiums and big out-of-pocket costs.
If you are admitted to a hospital for even minor procedures, there is a good chance you will be asked to read and consider signing a do-not-resuscitate order.
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