Seniors, as well as their caregivers, should be aware of the risks posed by Medicare scams and how to avoid falling victim to this type of fraud.
Trusts are legal arrangements used in estate planning, alongside wills and advance directives.
Last wills and testaments (also known simply as wills) are not just for the wealthy.
Many seniors do not sell their home because they wish to leave it to their heirs. However, this transition can often lead to seniors losing track of their finances and omitting to pay certain obligations such as their property taxes.
A crucial, yet often overlooked, component of estate planning is reviewing assets, such as 401(k)s, pensions, and savings accounts, and ensuring you have listed a beneficiary for each of these.
When you assume the role of surrogate decision-maker, it is crucial to understand the patient’s wishes and values.
Estate planning is an important consideration for all couples. However, for LGBTQ+ couples (or former couples), it may be more important than they realize to review their circumstances and see whether they have an estate plan that accurately reflects their wishes.
When individuals cannot manage their finances, courts can appoint guardians. Financial guardianship is for those who need help handling money.
While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.
Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. It is the responsibility of each retiree to take out the correct RMD from their retirement account each year.
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