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Do you have a family member who is receiving some form of long-term care? If you don’t, the chances are good that someday you will – and that day may not be too far away. As the U.S. population ages and life expectancies increase, the need for long-term care is becoming an important consideration for… Continue reading The Costs of the Rising Cost of Long-Term Care

Your living will doesn’t pass assets and property to your heirs like a standard will and testament. Instead, it advises your doctors and family about how you want to receive medical care and may limit certain treatments. This document can bring your family comfort in times of uncertainty, knowing they understand your health care wishes.… Continue reading 7 Things to Know About Living Wills

Today, 16 percent of children in the United States live in blended families, according to U.S. Census data. This can include those living in households that have a stepparent, stepsibling, or half-sibling. In many cases, stepchildren receive the same treatment as full biological children in the case of inheritance. This is particularly true where stepchildren are part… Continue reading Blended Families and Wills in Estate Planning

Whether your child is graduating with their high school diploma or completing higher education, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them. Budgeting Expectations and Boundaries Less… Continue reading High School Graduation: A Good Time for Financial Planning

Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws determining whether probate is necessary. Sometimes it is possible… Continue reading Probate Process: A General Timeline

Deciding to end a marriage as an older adult is increasingly common. If your marriage ended later in life, you could be part of the “gray” divorce trend. AARP reports that Baby Boomers, those born between 1946 and 1964, are the generation with the highest divorce rates. Divorce among older adults in the United States has… Continue reading 5 Ways to Update Your Estate Plan After a “Gray” Divorce

The most recent data from the National Center for Health Statistics (NCHS) indicates more than 3,400,000 deaths in the United States in 2021. When someone dies, the local government issues a formal document known as a death certificate. The death certificate provides the date, location, and cause of death. Most state forms follow the Centers for Disease… Continue reading How to Get a Death Certificate After a Loved One Dies

Whether your child is graduating with their high school diploma or completing higher education, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them. Budgeting Expectations and Boundaries Less… Continue reading High School Graduation: A Good Time for Financial Planning

Among your key estate planning documents are your will, living wills, powers of attorney, and medical directives. Securing these somewhere your survivors can easily access them is crucial. Consider storing other information, like birth certificates, marriage licenses, and medical records, in a secure spot as well. Different Document Storage Solutions Many people today are striving… Continue reading Securely Storing Your Legal Documents

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. Their expertise may encompass estate planning, as well as planning for retirement, Social Security, and long-term medical care. This specialty of the legal… Continue reading 11 Questions to Ask an Elder Law Attorney