When one person or entity transfers wealth or assets to another, it is called wealth transfer. The transfer can happen either during one’s lifetime or after one’s death. Wealth transfer strategies refer to the methods used to transfer wealth in the most tax-efficient and effective ways. Below are some popular wealth transfer strategies to consider. […]
It is possible for many aging Americans to live longer and healthier lives in their own homes because of the internet of things and technological advancements such as self-monitoring medical devices, telehealth, and smart homes. Elder law and at-home medical technology uses can intersect in several ways. Whether you are a senior looking to stay […]
Having a Will vs. Not Having a Will People are afraid of death, especially their own. Add to that the question of what will happen to their assets after they die, and it’s no wonder so few people have estate plans. According to a 2021 Gallup poll, only 46% of US adults have a will. […]
Each year, the National Council on Aging (NCOA) reports loss of assets and money from financial fraud and abuse against the elderly up to 36.5 billion dollars. And although self-reported financial exploitation occurs at higher rates than all other types of elder abuse, the NCOA believes instances of elder financial fraud and abuse are likely […]
Anyone who’s ever used “a try before you buy” knows that a “free consultation” are often not really free and not really consultations. You’re just getting a sales pitch disguised as a consultation. The same is true for many other products and services, from financial advisors to roofers. The so-called “consultation” is a way to […]
The Christmas holidays are a time for family. Still, for many single parents, they can also be a time of stress dealing with holiday visitation problems. Child custody arrangements often mean that visitation schedules must be worked out well in advance. If there are problems, it can be challenging to resolve things. If you’re a […]
Divorce can be a complicated process, but you don’t have to do it alone- and you shouldn’t. Having a good lawyer on your side is essential when you go through a divorce. But finding the right lawyer can be tricky. Here are 4 tips to help you find the right family law attorney for you: […]
An integral part of estate planning is implementing Power of Attorney (POA) documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal authority to act as your agent or proxy on your behalf. Depending on which POA you choose, […]
Many American families have stepchildren today, and it is not uncommon for them to receive the same treatment as full biological children when it comes to inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological siblings may have different feelings about a stepchild inheriting what they […]
Most people wouldn’t think of losing their assets to pay for their new spouse’s serious illness when they get married for a second time (or more). But that could happen. Costs for long-term care have been rising significantly for years and continue to grow. Studies show that 70% of Americans will need some form of long-term […]
