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Often, trust funds are referred to as something that is owned by a beneficiary. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all sizes. They are used…
Young people of the millennial generation can follow a steady path that can eventually make them millionaires. It does not require a unique set of skills, specialized knowledge, or even excessive risks. Americans who achieve millionaire and multi-millionaire status using…
Considering our own death is one of the most difficult challenges in life. Yet it is very important to think carefully about the medical treatment we would want for that challenging time. Medical technology can now keep us alive long…
Along with the SECURE 2.0 Act in December 2022, tax provisions were recently incorporated into the Inflation Reduction Act (IRA), which became law in August 2022. Lower-income household tax code changes will automatically take effect. Households of higher income and…
In spite of the fact that over 50 percent of Americans find estate planning important, only about 33 percent have a will. caring.com Those individuals with a will may have moved to a different state or forgot to update their…
The process of estate planning involves the creation of a number of documents that specify a person's wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries…
The Lewis Katz School of Medicine at Temple University found that mice are protected against Alzheimer's disease (AD) with pharmacological chaperone therapy. Alzheimer’s is a chronic neurodegenerative disease that currently has no cure. Abnormal clumps (amyloid-beta plaques) and tangled fiber…
In elder law, a certified elder law attorney (CELA) represents aging adults and their families in legal matters. Elder law encompasses a wide range of legal matters affecting an older or disabled person. Issues related to guardianship, retirement, health care…
It's uncomfortable to think about death, especially your own. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
You should consider a power of attorney when planning for the possibility of becoming incapacitated and requiring a trusted agent to manage your affairs when you are incapacitated. These legal documents can grant broad authority to one or more power…