Modern medicine and health care advancements enable children with a wide variety of special needs (disabilities) to live more productive lives than ever before. Many scientists regard the term special needs as a euphemism for disability. Yet, the difference between…
There is a good chance that you have a beneficiary, since retirement accounts, wills, and trusts commonly have beneficiaries. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner…
When you lose a spouse or long-time partner, it can be difficult to think beyond the pain you are going through. However, it is crucial to understand there are important and timely decisions you need to make regarding your finances…
Almost everyone has heard of trusts, usually when referring to a beneficiary of one. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all sizes. They are used…
Dealing with death and receiving an inheritance is an emotional time following the loss of a loved one. The loss of a loved one is sad, but the influx of funds can bring joy or relief. It can be hard…
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…
The distribution of your assets and who should manage them are probably questions you have no matter where you are in the estate planning process. A trust can be a great tool in your estate planning tool kit. A properly…
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,…