Second Marriages and Medicaid
A new spouse’s possible future illness and how much it might cost is most likely the last thing you think about when you say “I do” for a second or third time. But that could happen. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. Studies
A Will Does More Than You Think
It is an unfortunately common and scary truth that most people have not composed their Last Will and Testament. Care.com’s annual estate planning survey for 2019 found that 57% of U.S. adults do not have a will. The survey found that participants were more likely or less likely to have
Keeping Up With Your Mental Health During Covid
Since the Coronavirus infected the world, we have faced unprecedented challenges during this coronavirus crisis in America, and it has increased anxiety and fear levels in all of us. The reactive part of your brain called the amygdala, a human physiological response when faced with fear, takes control of your
You Have a Will, is That All You Need?
It is said that roughly half of all Americans don't have a will. If you’ve already taken this vital step to protect your assets and successors then congratulations are in order - you’re already ahead of the curve. While a will is a necessary document that every person who owns
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
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