Estate Planning in the Age of Stepfamilies
A North Dakota court decision involving a trust highlights the importance of taking current and potential step-relationships into account when planning your estate.
A North Dakota court decision involving a trust highlights the importance of taking current and potential step-relationships into account when planning your estate.
It is easy to burn out when you are responsible for providing full-time care to an aging or disabled loved one.
Owners of high-net-worth estates typically monitor and amend their estate plans regularly. They understand that the responsibility of financial stewardship will ensure continued wealth for many generations.
Thinking and adapting are hard when stressed, so disaster experts emphasize the importance of planning for things like illness, trauma, and natural disaster. Prepare yourself and your loved ones before an emergency.
If a loved one is experiencing memory loss or suddenly making poor decisions, you may want the court to appoint a guardian, which requires a declaration of incompetence.
Elder law encompasses a wide range of legal matters that affect older individuals. Attorneys who practice elder law advocate for seniors and execute legal plans to assist them in living better lives.
To qualify for Medicaid, you must have limited income and assets (in most states, no more than $2,000 in your name). If you have more than that, you may find yourself having to "spend down" your extra assets to meet the $2,000 limit.
Each year, 10 percent of older adults experience some form of abuse. In addition to physical harm, elder abuse can also encompass financial exploitation, neglect, and emotional abuse. WalletHub has evaluated elder abuse protections in the 50 states and the District of Columbia.
Even if you have a long-term care insurance policy, you may likely be hoping that you won't ever have reason to use it. Regardless of what the future holds, there's one silver lining of which you may not be aware. That is, premiums on many long-term care insurance policies are in fact tax-deductible.
As they grow older, your parents may prefer to continue living in their home rather than moving to a long-term care facility. They are not alone in this; more than three-quarters of adults over the age of 50 say they would prefer to age in place.