We have learned that life is uncertain from the Coronavirus pandemic. There is no denying that life is uncertain in the wake of the Coronavirus pandemic. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without…
The majority of young adults do not prioritize estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all you own – money, investments,…
For aging parents, assisted living communities provide essential care and provide a sense of peace and tranquility. Identifying the suitable facility “fit” for your loved one is a journey requiring matching your parents’ needs, budget, and lifestyle with desirable locations.…
Laws affecting the elderly or disabled are known as elder law. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement,…
You may need to review and amend your estate plan every year to keep up with changes to federal estate tax law, gifts, and GST exemptions. Since 2018, federal tax assessment on estates above $11.7 million, indexed for inflation every…
It is a mistake to wait to talk about finances with your aging parent, who may already be in cognitive decline. It will take time to gather all the information you need for a complete financial assessment of their aging…
It is prudent to have an open and honest discussion centered around your mortality, although it is sobering. No one relishes the thought of their demise, and yet with forethought, you can ensure that your estate plan and your healthcare…
We are all ready for this pandemic to end after enduring multiple waves of the Coronavirus. Unfortunately, the possibility of contracting COVID-19 remains a reality. Last year, the Biden Administration put in place the National COVID-19 Preparedness Plan to establish…
Research conducted by Caring.com with YouGov of 2,400 Americans in 2021 shows that since 2019, the percentage of Americans 50 and older who have created a will has declined from sixty to four-four percent. This decrease is as surprising a…
In a will, the personal representative (executor) is responsible for entering a public record of the death date of the testator, usually in the local newspaper. In part, this information serves as notice to creditors if the decedent has an…
