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…
An advance health care directive, also called a living will, is a legal document indicating what actions you want medical professionals to take if you are unable to make your own decisions. A living will is crucial for all adults…
It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course correction. Bankrate’s Third-Quarter Economic Indicator poll projects inflation will be more significant than previous expectations over…
Digital assets have largely rendered traditional estate planning elements obsolete. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing complex challenges to secure,…