Our lives are becoming more and more technologically advanced with the introduction of the Internet of Medical Things (IoMT). IoMT is helping seniors with their health care needs as well as reducing medical costs. What is the IoMT? The Internet…
Estate planning typically involves wills, trusts, and passing assets on from generation to generation. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what type…
The process of distributing the decedent's property will be handled by a probate court if he or she died intestate. Also known as intestate succession, it has similarities to the probate process when a will is present. Still, the terms…
In the coming year, the Social Security Administration (SSA) will make important changes to its benefit programs for more than 70 million Americans. Inflation continues to increase daily living costs with higher costs for gasoline, food, utility, rent, and mortgages.…
The process of estate planning involves the creation of several documents that spell out one's wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries for your…
There has been an increase in the divorce rate among older US couples, often after long-term marriages. Divorces among baby boomers have risen dramatically in the past thirty years. If you are fifty or more, statistically, you are more likely to…
You probably wonder how you would like your assets dispersed and who should be responsible for that process, whether you are in the middle of your estate planning process or just beginning to think about how to proceed. A trust…
Many people believe they are prepared for end-of-life care if they have created and signed a living will. Unfortunately, medical professionals misinterpret end-of-life care documents more often than you think. The issue is that medical professionals often have little training…
During the estate planning process, it is very important to implement Power of Attorney documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal…
It can be challenging and emotionally taxing to plan for your future and make long-term decisions regarding your finances. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you.…