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Takeaways Aging in place, the ability to live safely and independently in one’s home as long as possible, is a goal for many seniors. However, as we grow older, our homes may require modifications to ensure safety, comfort, and accessibility. Whether you are planning to live in your home as long as you can or… Continue reading Home Safety for Aging in Place: A Guide for Older Adults

Takeaways On January 2, 2025, President Biden signed into law the Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Improvement Act. The legislation represents a significant step forward in supporting the needs of veterans, their families, and their caregivers. Named in honor of former United States Senator Elizabeth Dole, a longtime advocate for military families,… Continue reading New Law Supports Home Care, Caregivers for Military Veterans

Takeaways The aging U.S. population means that more people will likely need nursing home care in the coming decades. Meanwhile, the cost of nursing home care is increasing — and expected to keep increasing. With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for… Continue reading Protecting Your Parents’ Assets From Nursing Home Costs

Takeaways Every year, the United States experiences a large number of floods, tornadoes, hurricanes, wildfires, and other natural disasters, and the frequency and intensity of these events appears to be increasing. The recent Los Angeles wildfires are a stark reminder of the sudden intensity with which disaster can strike, resulting in the loss of life… Continue reading Estate Planning in the Face of Natural Disasters

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