When parents wait too long to begin instilling family values, it can be difficult to address and legally formalize inheritance. There is no doubt that childhood is the best time to teach and empower your children as eventual heirs of…
Keeping up with US Military benefits can be a challenge since they are constantly changing, and many veterans miss out on what can be life-changing assistance. Many wartime veterans receive a disability pension as a result of injury. Did you…
Nursing homes are no longer news for their astronomical prices. Prices can run around $7,000.00 or more per month, depending on the location. Currently, hundreds of thousands of people need such care, and the number is growing. Every day, 10,000…
As the House Ways and Means Committee approves the bill's tax provisions, President Biden's Build Back Better Act (BBBA) has taken a significant first step towards passage. As the draft is currently written, the legislative proposal could limit the ability…
Parenting children of divorce can be tricky, especially when one of the parent defaults on custody arrangements or financial obligations. These are moments when divorce changes problems rather than solving them. It can be an emotionally difficult time, but it…
Waiting to discuss finances with your aging parent, who may already be experiencing cognitive decline, is a mistake, say financial experts. Gathering all the information you need for a complete financial assessment of their aging needs will require time. Asking…
Our own mortality is one of the most difficult challenges in life. We should, however, consider the medical care we would want for that challenging time. Technology now allows us to live long after we have ceased to enjoy a…
In the new year, taking stock of your life and your health care is more important than ever. We identify what matters most in preserving our health and financial future in the face of the ever-present threat of COVID-19. For…
Individuals who wish to receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care must meet the income and asset eligibility requirements. These rules lead to many candidates, giving away money…
A third-party special needs trust, sometimes referred to as a supplemental needs trust, can be used to provide estate planning tools to the parents of children with physical/mental disabilities. In this type of trust, assets will be provided to the…