It is important to have a conversation with your grown children about the money they will inherit, in order to ensure that you have given them the best chance to make this wealth last. Unfortunately, plenty of assets that have passed on to future generations do not last for long and this is particularly true… Read More »
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More Seniors Are Filing for Bankruptcy Due to Rising Costs of Long Term Care
If you can’t afford long-term care, you should be prepared to qualify for Medicaid as quickly as possible. But this kind of advanced planning is often overlooked and could be catastrophic depending on your individual situation. The cost of long term care has many different implications for those approaching retirement age. People who have spent… Read More »
Have You Taken These Four Steps to Prepare for Greater Longevity?
Americans and people the world over, are living longer than ever before and while this is generally good news, it can be disconcerting if you don’t have an appropriate estate plan in place. Thankfully, doing your estate planning work in advance with the help of a knowledgeable attorney can give you greater peace of mind… Read More »
Planning Ahead for Your Art
Are you a big art collector but are not sure how this factors into your estate planning? You could be leaving behind major problems for you beneficiaries that go far beyond simply passing on these art related assets. First of all, if you don’t have the appraisal work completed, your beneficiaries or your executor could… Read More »
Avoid Conflicts in Family Estate Planning with These Steps
No one wants their loved ones in the midst of a bitter battle about estate planning and inheritance issues, and yet far too many people have seen this firsthand. Thinking that you’re going to inherit something from someone’s will and later learning that another family member has initiated a will contest can be overwhelming as… Read More »
What Happens If You Forget to Fund a Trust?
All of the estate planning in the world can fall short if you didn’t follow through on the additional steps required after establishing the documents. One major mistake that your family members might discover after you have passed away is that you forgot to fund a trust. Likewise, you might even discover this over the… Read More »
What Makes Baby Boomer and Millennial Women Different with Regard to Wealth Planning?
A study recently completed by RBC Wealth Management indicated that there has been a major change in the attitude about wealth shared between millennials and the baby boomer generation. Approximately half of boomer women who participated in the study said that they took the lead on financial planning, whereas up to 72% of millennial women… Read More »
Coming to Grips with The Prospect of Long-Term Care
Anyone looking ahead to the future probably has their primary focus in terms of estate planning on how to protect their assets. However, it is also powerful to consider coming to grips with the possibility of long-term care. Overlooking the prospect of a long-term care can put people in a very dangerous and an unfortunate… Read More »
Nursing Home Residents in Smaller Numbers but Sicker
A new study completed by Kaiser identifies what many operators in the nursing home industry already know. As residents’ conditions are getting worse, occupancy levels are decreasing. Investigators recently identified that half of the nation’s nursing home residents had a dementia diagnosis and approximately two thirds of residents were currently receiving psychoactive medications such as… Read More »
The Quality of Nursing Facilities Could Impact Long-Term Care Transitions
Many people who are interested in learning about protecting their long-term care opportunities in the future are primarily concerned about the best way to protect their individual assets and to ultimately qualify for Medicaid. These are complicated issues that are often addressed in the Medicaid planning process with the help and support of a knowledgeable… Read More »