A recent survey finds that 55 percent of adult children say they are not financially prepared to help their Baby Boomer parents cope with rising inflation and living expenses.
If one spouse requires care in a skilled nursing facility and the other remains at home, the spouse at home might face significant financial hardships.
Understanding some of the common medical and legal terms in the field of estate planning and elder law can give you added confidence in your approach to planning for your own future or that of your loved ones.
Planning your own funeral arrangements can assist your loved ones in an emotionally challenging time, while also protecting them from incurring extraneous costs.
You may no longer be legally married, but divorce does not automatically remove your prior spouse from your will, trust, or beneficiary designations.
The Internal Revenue Service has issued new guidance extending the time that executors have to elect portability.
Saying goodbye to a loved one is heartbreaking. Making final arrangements can be overwhelming, and knowing what you are allowed to do to fulfill your loved one’s wishes is important — but it can also be confusing.
Individuals experiencing illnesses can benefit from having someone attend appointments with them and support their best interests.
Grantor Retained Annuity Trusts (GRATs) are a mechanism by which wealthier individuals and couples can transfer appreciating assets to their heirs and minimize gift or estate taxes.
Following the death of a family member, you may find yourself needing to sort through many possessions accumulated over the deceased’s lifetime. An estate sale is one way to distribute, quickly and efficiently, those items that you do not want or need.
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