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…
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…
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…
The estate planning of children with special needs presents a unique challenge. Optimizing your estate to use, enhance, and enrich assets for your special needs child while maintaining their enrollment in public benefits programs requires careful planning. An estate planning…
Estate planning is considered essential by most older adults. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These documents…
Americans who are at least five years old and have special needs make up the largest single minority group in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and…
Consider that your estate plan has been finalized. It provides care for your home, savings, and investments so that your family will receive those valuable estate items fairly and efficiently. Your plan will also protect your legacy from your children’s…