Solo Agers in the U.S.: Estate Planning, Risks, and Key Considerations The Rise of Solo Agers in the United States More adults in the United States — particularly those in their 50s, 60s, 70s, and 80s — are living alone…
Takeaways A revocable living trust can do more than avoid probate court: It can keep your finances running smoothly if you become incapacitated (unable to manage your affairs). Unlike a will, a trust can authorize a successor trustee to manage…
At-home DNA tests are revealing previously unknown biological relatives, who are then using these results to make legal claims on estates, even years after death. To protect your estate plan, be sure to clearly define whom you intend to inherit…
Takeaways The federal estate tax exemption for 2026 will increase to $15 million per individual, with married couples exempt up to $30 million. The annual gift tax exclusion will remain at $19,000 per individual for 2026, with a lifetime gift…
Why Long-Term Care Insurance Claims Get Denied Long-term care insurance can help pay for care when someone needs help with daily activities. Unfortunately, claims are sometimes denied. Understanding why can help prevent delays and unexpected expenses. Common Reasons Claims Are…
Guardianship becomes necessary when an older adult cannot make decisions and lacks a valid power of attorney. The guardianship process can be complicated by family disputes, difficulties in proving the adult’s incapacity, and challenges with ongoing guardian responsibilities. Strategies such…
Takeaways A durable power of attorney is a legal document that allows a trusted individual to make financial or health care decisions on your behalf even if you become unable to handle your own affairs. This document provides long-term safeguards,…
Key Takeaways on Updating Your Estate Plan Regularly reviewing and updating your estate plan is essential to ensure your money, property, and health care preferences are managed and distributed as you wish. Life changes such as marriage, divorce, birth, or…
Key Takeaways: Using a Deed to Transfer Property at Death Using a deed can help your heirs avoid probate court delays and expenses. However, deed transfers offer less control, no creditor protection, and no support if you become incapacitated. A…
Most of us spend little time thinking about death or losing the capacity to manage our own affairs. These are unpleasant topics and banishing them from our minds is easier than entertaining them. Death, however, is inevitable and becoming incapacitated…