Estate Planning for Couples Marrying Later in Life
Here are some factors to consider when marrying, or remarrying, later in life. ...
National Family Caregivers Month Reminds Us that Caregivers Need Help to Avoid Burnout
President Clinton signed the first National Family Caregivers Month Presidential Proclamation in 1997. Since then, every president has issued an annual proclamation recognizing and paying tribute to family...
Yes, Even Millennials Should Have an Estate Plan
Many people believe that estate planning is only for elders. The truth is that younger folks, including millennials, can benefit from having an estate plan of their own. ...
What Will Happen to Your Digital Estate When You Pass Away?
Even if you are not tech savvy, you likely have a digital “estate” comprised of assets with financial and sentimental value. You probably also have plenty of personal information floating around out...
The Objectives and Benefits of a Spendthrift Trust
A spendthrift trust is typically used to prevent a beneficiary from receiving his or her inheritance all at once. There are several reasons why a grantor (the person who creates the trust) might want to...
What is the Medicaid Look-Back Period?
Medicaid can pay for the long-term institutional care of individuals who meet certain income and asset requirements. However, if the applicant’s assets and income exceed these limits, he or she may not...
What Women Need to Know about Social Security
While Social Security is a crucial component of many Americans’ retirement income, it is particularly important to women. According to the National Committee to Preserve Social Security and Medicare,...
If Your Children Have Turned 18, They Need Their Own Legal Documents
When your children turn 18 they are legal adults. They might not act like adults all of the time, and you may still be supporting them financially, but in the eyes of the law they are indeed adults. This...
What's Not to Like About an I Love You Will? Plenty.
An "I Love You Will" is a last will and testament in which the testator—the person who makes the will—leaves everything to his or her spouse. If you have thought about making a will in the past, you...
A Change to the Rules Governing Reverse Mortgages Provides Greater Protection for Non-Borrowing Spouses
A reverse mortgage is a loan that allows homeowners age 62 or older to borrow against the equity in their homes and receive a lump sum, a fixed monthly payment, or a line of credit. Reverse mortgages are...