Who Inherits the Farm?
Imagine a pair of aging parents that have been farmers and own their farm. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm,…
Continuing Care Retirement Communities on the Rise
In continuing care retirement communities (CCRC), sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents. These residents prefer to live in the same community, though in different phase locations, during…
Does Your Estate Plan Include Pandemic Directives?
The World Health Organization (WHO) officially named the 2019 Coronavirus outbreak on February 11, 2020. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year…
New App “Mind Your Loved One” Provides Storage for Important Information
Today, digital apps provide a means by which we can store and send information on our smartphones and tablet devices. Whether engaging in online banking, using a mobile plane boarding pass or creating work calendars shared in the cloud, the…
Power of Attorney At Age 18
At the age of 18 (in most states), your once needy young child becomes an adult overnight. Now your child is free to vote, marry, apply for a credit card, make medical and financial decisions, sign contracts, and live independently.…
Can You Expect a Fourth Stimulus Check?
At this time, it is still uncertain if Americans can expect another federal stimulus check. We do know that the IRS is nearly done sending out its third round of stimulus checks, and some lawmakers are already pushing for a…
Seniors Victims of Data Breaches
A staggering 100 million Americans were victims of a Capital One data breach earlier this year, bringing this topic to the forefront of conversations. But what hasn’t been receiving much major media coverage are the recent breaches affecting seniors. One…
The Functions of a Will
The legally binding directive declaring who will receive your assets upon death is called a will, and a will is a significant element of a complete estate plan. If you die without one (intestate), the state will distribute your assets…
Is It a Good Idea to Add My Children to My Bank Accounts?
Can I just add my children to my bank accounts if I want to leave my bank holdings to them? That idea sounds better than it actually is. Yes, you would avoid court proceedings when you pass. But you’d put…
Be Prepared, Do Not Wait
You can hear your mother say something like that, right? And how often have you wished that you’d followed mother’s good advice? Nobody really wants to think in advance about accidents or illness. But if no advance planning has been…