It has long been a concern of affluent families to preserve their wealth and make sure it is passed on smoothly to the next generation. In estate planning, the generation-skipping transfer tax (GST) plays a significant role. The US government…
The foundation of philanthropy has long been charitable giving. People love contributing to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams, charitable remainder annuity…
If your parents are aging, bring up topics such as the Coronavirus pandemic, its effect on economic conditions, and how it relates to their future financial security. The conversation should come from a place of love and concern. Speak respectfully…
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…
The topic of estate planning can be difficult for most of us to discuss with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we…
Bankers Life Center for Secure Retirement commissioned The Blackstone Group to perform a study of how prepared baby boomers really are for retirement, and the results are troubling. According to the survey above, the bleak financial reality of this demographic…
Assisted living rent can vary from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per…
Often a senior does not report financial abuse or identity theft because they are unaware, embarrassed, or worse, they think that someone will deem them mentally unfit and they might be “put away” as a consequence of having been exploited.…
An initial Alzheimer’s diagnosis can be a very emotionally taxing time for the loved one and their family members. It is common that your loved one may experience a progression similar to the stages of grief. During this time, it…