Planning Your Estate with Life Insurance
Your surviving loved ones shouldn't be forced to inherit assets only to find they can't access them to meet their financial obligations after you pass away. Homeownership and retirement accounts make up most retirees' assets, so you need to sell them in order to get cash. In order to manage
App That Stores Crucial Information That Can Save Lives
Now that we have reached the digital age more Americans than ever before are storing and providing information through digital apps on smartphones and tablet devices. Whether engaging in online banking, using a mobile plane boarding pass, or creating work calendars, shared in the cloud, the internet of things provides
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
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,
How COVID-19 Has Influenced Seniors to Change Their Living Wills
Kaiser Health News is reporting the coronavirus pandemic is prompting seniors to create or modify their living wills. Specifically, intubation is the topic that has many seniors crafting or rethinking their strategies amidst a wealth of disparate COVID-19 information that makes forming reliable conclusions for decision making, dubious at best. Ventilators
Why an Advanced Healthcare Directive is Important During COVID-19
In light of Coronavirus, a wrenching question especially demands an answer: if you or someone you love is taken down into life-threatening illness, how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with
The Pitfalls of Adding Your Children to Bank 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
How to Address Your Family’s Inheritance
Discussing wealth with children can be uncomfortable for many families. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk to kids about how much they may inherit could leave them
How Does Medicaid Impact Your Family’s Inheritance?
Mistakes can be made when it comes to inheritances and Medicaid. Those mistakes can be costly. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully to minimize expensive penalties. What “careful” means, though, can be misunderstood
The Importance of Advanced Directives During a Crisis
During the Covid-19 epidemic, a wrenching question especially demands an answer: if you or someone you love is taken down into life-threatening illness, how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with