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We are in the midst of one of the most substantial intergenerational transfers of wealth in history. Referred to as the “Great Wealth Transfer,” it is expected to continue for another couple of decades. Baby boomers are the primary source of the wealth being transferred to younger generations across the United States. Some estimates put… Continue reading The Great Wealth Transfer: Managing Your Inheritance Wisely

In 2023, consumers across the United States lost a total of more than $10 billion to fraud, according to the Federal Trade Commission. More than a million of them were victims of identity theft, with reports of these and other types of scams up from the previous year. With identity theft and taxpayer fraud on the rise,… Continue reading IRS: Request an IP PIN to Protect Against Identity Theft

Identifying the digital property you own and managing it is more necessary than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet to email family and social media to connect with friends. In a recent survey, Americans said they value their digital assets at an average of $119,516.… Continue reading Avoiding 4 Main Obstacles to Digital-Era Estate Planning

A family limited partnership (FLP) is a business structure that allows family members to pool assets for business and investing purposes. Family limited partnerships can also protect personal assets, reduce taxes, and be used for estate planning and business succession. Their potential estate and tax advantages make FLPs an option for families that want to… Continue reading What Is a Family Limited Partnership and Should I Form One?

For millions of seniors nationwide, Medicaid provides a safety net for people who find themselves requiring long-term care. Most Americans aged 65 and older – roughly 70 percent – will need these kinds of services in their later years, according to research. Meanwhile, the cost of long-term care has been rising with every passing year. In 2023, the… Continue reading Medicaid Applicants: Protecting Your Healthy Spouse in 2025

As the population ages, the number of people affected by Alzheimer’s disease and other forms of dementia continues to rise. In turn, families increasingly find themselves providing unpaid care to loved ones with cognitive impairments. This caregiving role, though essential, comes with hidden personal, financial, and societal costs that can be substantial. In fact, a… Continue reading Unpaid Family Caregiving Is Worth a Six-Figure Salary

You’re walking along a coastline where forest meets sea. You hear the rhythm of crashing waves and see gulls swooping down from a crystal blue sky. A light breeze ruffles your jacket. You take a deep breath of the salty, pungent air and watch as a foaming wave washes away your footsteps and sweeps the… Continue reading Virtual Reality and Palliative Care

Online dating platforms can be good places to meet people to cultivate friendships or romances. However, you need to be careful with whom you interact and how the interaction develops. Cyberspace is full of a growing number of scammers who are seeking to take advantage of people looking for companionship. Romance scams are among the… Continue reading How Romance Scams Affect Older Adults

Before the COVID-19 pandemic, Medicare beneficiaries who wanted to use virtual health care were few and far between — quite literally. Medicare policy stipulated that to be reimbursed for virtual care, also known as telehealth, a beneficiary had to live in a rural area. Only about 2 percent of Medicare enrollees met this criterion. Not only… Continue reading Medicare Coverage for Telehealth Services in 2025 and Beyond

More older adults are choosing to live in their homes as they age rather than move into nursing homes. This trend has both positive and negative effects. Remaining in the familiar setting of one’s home can foster a sense of comfort, safety, and independence. Despite these positive factors, aging in one’s home, especially alone, can… Continue reading Healthier Living for Seniors Through Adult Day Services