Using a Deed to Transfer Real Property at Your Death As a homeowner, you can create an estate plan to plan for what happens to your property, such as who receives it and how it’s used, after you pass away.…
Long-Term Care Costs Continuing to Rise The demand for long-term care services is rising due to an aging population and a shortage of health care professionals. The costs of long-term care have been escalating, including in-home care, assisted living care,…
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…
Takeaways Financial worries are a major contributor to stress. Proactive estate planning, such as creating a will, is one way to help reduce stress and provide a sense of control over one’s future. Stress can negatively affect mental and physical…
The use of tax avoidance principles while transferring wealth is a smart way to protect your heirs from excessive taxes. Still, it requires careful planning and oversight to ensure techniques don’t cross the line to tax evasion. Assessing tax options…
Special needs individuals can take advantage of several programs and services offered by the federal government. These programs are vital to parents and guardians supporting loved ones with disabilities. Parents raising children with special needs require nearly twenty percent more…
The number of Americans who are widowed or divorced has reached record levels, causing new partnerships to form among older Americans. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally…
There are many people who use trusts, not just the wealthy. In addition to serving many purposes, they address specific problems that are less concerned with wealth, and put the focus more on family dynamics. Do you want to keep…
In estate planning and wealth transfer, people sometimes seek strategies that preserve their assets as well as provide them with financial benefits for life. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals…
Most young parents are not concerned about death or serious illness or injury. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance, and…