What it means to Become a “Fiduciary”
You may be asked to be a power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a trusted person to step
Your Personal Possessions: Make Sure You Have a Plan
Let’s say that your estate plan is all set. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently. Your plan will also protect your legacy from your children’s potential divorces or bankruptcies. What could
Tips to Know When Purchasing Special Needs Housing
There are some tips to consider before you begin the process of purchasing a home that will meet a physical or developmental needs of you or a loved one. The US Department of Housing and Urban Development (HUD) website lists state and local government agencies, along with other organizations, that
Continuing Care Retirement Communities
Gaining in popularity across the United States, are continuing care retirement communities (CCRC), sometimes referred to as life plan communities. The goal is to provide a long-term care option for older residents. These residents prefer to live in the same community, though in different phase locations, during their aging process.
Alzheimer’s Prevention Gains Hope with New Drugs Therapy
The Lewis Katz School of Medicine at Temple University found that pharmacological "chaperone therapy" can prevent Alzheimer’s disease (AD) in mice according to recent research. Alzheimer’s is a chronic neurodegenerative disease that currently has no cure. Abnormal clumps (amyloid-beta plaques) and tangled fiber bundles (neurofibrillary or tau tangles) create brain
What to do with an Unwanted Timeshare
When your Mom and Dad bought a timeshare in a holiday resort, the resort agent suggested that they sign a deed leaving the share to their children, so that when the parents passed, the kids could continue to enjoy the property. It seemed like a good idea at the time. Unfortunately,
Dangers that Arise when Adding Owners to Accounts
I want to leave my bank accounts to my children when I’m gone. Can’t I just make the children joint owners? That idea sounds better than it actually is. Yes, you would avoid court proceedings when you pass. But you’d put yourself at risk, at a time when you might need
Finding the Silver Linings Amidst a Global Pandemic
Record unemployment rates related to COVID-19 closing business have effected business owners and their workers, many of whom are 50 years and older. Though workers of all ages have felt the effects of unemployment or reduced working hours, older workers will fare worse upon re-entering the workforce. Research shows the
New Social Security Changes Coming with the New Year
Every October, The Social Security Administration (SSA) publishes upcoming changes to its social security program that take effect on January 1 of the next year. These changes can make a difference in how you plan for or live during your retirement years. It is good practice to create what is
Estate Planning Checkup Article
You should check your estate planning documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an