Report Shows Spectrum of Needs Among Older Americans
Each year, the Administration on Aging releases its Profile of Older Americans. Understanding this data on older adults can help seniors and their families plan for the future.
Home » Blog
Each year, the Administration on Aging releases its Profile of Older Americans. Understanding this data on older adults can help seniors and their families plan for the future.
Professional estate planning considers eventual probate and estate administration to avoid common problems. However, should disputes arise, an experienced litigator can protect and guide you in probate court.
Some people may wish to decline life-saving treatment if facing a terminal illness. Others opt to seek out a physician’s assistance in dying. Acting to end life before its natural course has run poses grave moral issues for many.
Estate planning for blended families is key to a smooth inheritance process, especially since probate rules and intestate succession law do not treat step and biological children the same when it comes to inheriting.
Research by the American College of Financial Services sheds light on the need for improvements in retirement financial literacy. The overall retirement income literacy score was just 31 percent — a failing grade.
More and more elders are choosing to pass on their wealth to heirs while they’re still alive. The growing popularity of “giving while living” comes as good fortune for the many young people who are currently unable to afford a home.
Sadly, there are seemingly limitless financial fraud schemes that affect older Americans. The impact of financial abuse is enormous.
Storing important documents in digital form provides convenient copies that can be accessed by trusted individuals involved in your estate planning. They will also need access to online accounts in emergencies.
In general, the probate process moves quickly if the estate has minimal assets and little debt. Larger estates can take anywhere from nine months to a few years, especially with problematic family dynamics.
Nearly one-third of young adults don’t have a budget, which creates a huge stumbling block for financial success. Give your children the tools they need to control their money instead of wondering where it went.
1067 N. Mason Road, Suite 3
St Louis, MO 63141
Copyright 2020 The Laiderman Law Firm, P.C. All Rights Reserved