Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The overall retirement income literacy score was just 31 percent -- a failing grade.
Everyone has heard the terms "will" and "trust," but not everyone knows the differences between the two. Both are useful estate planning tools that serve different purposes and can work together to achieve your goals.
As April marks Financial Literacy Month, it is an excellent time to start improving your financial literacy. Gaining financial savvy can help you handle the challenges and complexities of aging.
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.