Financial security is one of the most important goals of adulthood, and maintaining it is another. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan, ensuring their wishes come to pass.…
The 2021 Wills and Estate Planning Study by Caring.com and YouGov found that the percentage of Americans aged fifty-five and older who have created a will has declined from 60% to 44% since 2019. This decrease is as surprising a statistic…
Nearly 70 percent of American retirees will need long-term care in their later years, according to the US Department of Health and Human Services (HHS). The expense of LTC can be astronomical and varies widely by location and by the amount…
An emotional divorce can lead to financial turmoil (especially if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents,…
It might seem confusing to think about estate planning vs. elder law as you begin to plan your future, both financially and in terms of health care. Estate planning and elder law also have some similarities. Even though these two types…
It can be difficult and emotionally draining to contemplate financial matters and make long-term life decisions via estate planning. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you. Your…
Can you make your own healthcare decisions if you become seriously ill or accidentally injured? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive can outline your wishes so that…
It is inevitable that siblings will compete in most families. Depending on how your family interacts and how their dynamics are, old rivalries can become more significant when a parent passes away. Adult children who are emotionally upset and in the…
A living will describes medical preferences that will be followed if you are incapacitated and are unable to decide for yourself. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia,…
The federal estate tax law and the generations skipping tax (GST) exemptions are complex and ever-changing, and you may need to update your estate plan annually to adapt. On the first day of 2026, the federal tax assessment on estates…