In light of the coronavirus pandemic, we have been forced to think about our mortality and evaluate how our loved ones would be taken care of should we die unexpectedly. Life insurance can be an affordable way to provide for…
Even though we have experienced a cycle of more than 10 years of economic growth, many wealthy retirees are reluctant to spend money for fear of running out of cash. Bloomberg.com is reporting many retirees, and near-retirees are sitting on…
Kevin was watching his wife Winnie in her nursing home room with tears in his eyes. The medical staff just finished inserting a feeding tube into Winnie – an act Kevin knew she didn’t want. Unfortunately, Winnie couldn’t express her…
The need for estate planning becomes more and more critical as we get older. Many people avoid estate planning because they do not want to think about the end of life, failing health, or disability. Others believe that an estate…
The percentage of older adults without a will has remained mostly unchanged, despite the coronavirus pandemic according to a report by caring.com. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18…
Hotel heiress Leona Helmsley left a trust fund for her Maltese dog named “Trouble” to the tune of $12 million dollars in 2007. Unfortunately, pet inheritances ever since have enjoyed a dubious reputation. The Value of an Animal Trust for…
There are currently more than 51 million Americans that are 65 or older, and this number is continually growing due to medical and technological developments. The expanding needs of the US aging population are contributing to an increase in federal…
Mom and Dad bought a timeshare at a resort, with a deed giving their part of the timeshare to their children should they pass away. It seemed like a good idea at the time. Unfortunately, once Mom and Dad did…
This article will help you decide if a trust suits your particular circumstances. For example, maybe you have a disabled child and you want a trust to permit that child to inherit without losing government benefits. Maybe your own or…
Many Americans have been left confused and ill-prepared ever since the coronavirus pandemic started. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like COVID-19 might strike,…