In order to leave a legacy for future generations, you may have spent years developing and protecting your legacy. But have you thought about the impact it will have on family members who are in different stages of life after…
The purpose of a living will is to outline your medical preferences in writing before you become incapacitated. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia, a stroke, a…
A family vacation home can be a wonderful place for families to spend time together. Oftentimes, these properties are owned by families, who want to preserve the ownership within the family system for future generations. Yet, even seemingly harmonious families…
For many seniors in the United States, the current inflationary pressures have led to financial insecurity. Aside from cutting back on unnecessary expenses, many retirees or near-retirement individuals should look to existing government programs to possibly qualify to receive assistance…
In terms of setting up wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data…
Probate is a standard legal procedure that formalizes how some assets pass from a deceased person to his or her chosen heirs or beneficiaries. Whether or not you require probate depends on the type of property and how you own…
Upon the death of a loved one, their will specifies what property should be distributed and the person responsible for settling their estate. For many reasons, beneficiaries can feel slighted by what they did or didn’t receive, and some individuals…
You have been tasked with helping Roberto, who is seven, manage his Social Security benefits. In the Social Security system, you’ll be called Roberto’s “representative payee.” The situation is similar if you’re appointed to help your elderly father, who has…
In the event of an accident or illness, a living will or advanced health care directive specifies how medical professionals should respond. A living will is crucial for all adults because accidents or a sudden onset of severe or terminal…
Divorce is rarely an easy process. There is a lot of stress and emotion involved. There are many factors to consider that may also change over time. For younger couples, children are likely a top concern. For older couples, a…