Life insurance may play a vital role in an estate plan, because insurance proceeds can be counted on to provide liquidity when it’s needed.
Social Security and Medicare are social safety programs that Americans pay into during their working years through taxes.
Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019.
In some states, those who are appointed ‘conservator of the estate, are those who make financial decisions. Those who are appointed ‘conservator of the person,’ handle the same issues as a ‘guardian.’