Takeaways The median cost of a funeral (viewing and burial) is over $8,000 in the United States and over $6,000 for cremation, according to 2023
Takeaways Probate is a legal process for settling an estate. It can be costly and time-consuming but can often be avoided through various estate planning
Takeaways Television shows with end-of-life storylines can encourage viewers to engage in personal end-of-life planning. Despite the importance of end-of-life planning, many people avoid it
Takeaways The federal estate tax exemption for 2026 will increase to $15 million per individual, with married couples exempt up to $30 million. The annual
Takeaways Guardianship becomes necessary when an older adult cannot make decisions and lacks a valid power of attorney. The guardianship process can be complicated by
Takeaways Medicare open enrollment periods are a target for scammers who use deceptive tactics to steal personal information or enroll beneficiaries in unauthorized plans. Protect
Many people assume that when they establish a revocable living trust, property held in the trust will completely avoid federal estate taxes after their death, when in fact living trusts do not provide any unique estate tax avoidance strategies.
Many people mistake dementia symptoms for normal aging. However, memory problems and marked cognitive decline are not considered a normal part of aging and should be assessed by a medical professional.
A durable power of attorney is a legal document that allows a trusted individual to make financial or health care decisions on your behalf if you become unable to handle your own affairs.
Takeaways
A significant number of adult children are currently or expect to provide financial support to their aging parents, often leading to financial strain and debt for the adult children despite their strong sense of responsibility.
Open and early communication between older…
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