In order to prevent fraudsters from ruining the financial stability of older adults, there need to be more tools available to prevent them from getting around existing laws. In earlier decades, fraud schemes by snail mail and phone scams were…
Understanding the many veteran benefits programs offered by the Department of Veterans Affairs (VA) is essential for anyone who is a veteran or caring for one. Often, financial support is available to veterans, their spouses, and survivors. Even if you've…
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities…
Among aging Americans, continuing care retirement communities (CCRCs) or life plan communities are becoming increasingly popular. These senior living communities offer the array of care options necessary for aging adults to move through the stages of independent, assisted living, memory…
The Achieving a Better Life Experience (ABLE) Act was passed by Congress in 2014. This created tax-advantaged accounts for people with disabilities. Funds can grow tax-free if used for qualifying expenses. Before the ABLE Act, if a person with disabilities…
Roberto, your seven-year-old nephew, needs your help managing his Social Security benefits. In the Social Security system, you’ll be called Roberto’s “representative payee.” The situation is similar if you’re appointed to help your elderly father, who has dementia, manage his…
The American Association for Retired Persons (AARP) estimates that 10,000 baby boomers turn 65 every single day. The deluge of aging Americans and the increase in longevity in the already 65-plus population are the main reasons why the Social Security…
We often hear this question. If you need a trust, read on to find out what kind suits your situation and whether you need one. For example, maybe you have a disabled child and you want a trust to permit…
An estate will details who will receive a deceased person's property and which person (called the executor) will be responsible for settling the estate after death. For many reasons, beneficiaries can feel slighted by what they did or didn’t receive,…
At 65, most people begin receiving Medicare benefits as a result of paying into Social Security throughout their careers. Individuals under age 65 who qualify to receive Social Security Disability benefits are also covered under Medicare, as well as anyone…