At first glance, life insurance may not seem to have any bearing on how assets are distributed in your estate plan. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a life insurance policy aside from providing a large sum of money […]
One of the most difficult things we will have to do in life is contemplate our own death. Yet, if we want our dying to be meaningful and merciful, it is imperative that we think about it while we still can. Most of us want to die at home, in a familiar and peaceful setting […]
What happens to your inheritance if your beneficiary has passed away? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is, only if your will explicitly states as much. To ensure your document is correct, […]
Age-related abuse can manifest in many different ways and may occur concurrently in many seniors’ lives. Sadly, elder abuse events are significantly underreported. The National Council on Aging reports that estimates range as high as five million older adults experience abuse every year or about one in ten. A study by The National Institutes of […]
You can relieve the burden on your loved ones today by preparing and organizing your financial information for the future when you are no longer able to. It will ensure proper management of your financial situation and afford control over your end of life and legacy. The goal is to make and maintain an accurate […]
There is a question we hear all the time: “Can’t I just get a will off the internet, do a transfer-on-death deed for my land, and put my kids on my bank account?” It’s just not a good idea. For the plan to work as you would want it to, it should account for plenty […]
The coronavirus (COVID-19) pandemic has left us confused and worried. The senior population has been identified as the most at-risk demographic for COVID-19. Information coming out about COVID-19 is very fluid, which can also contribute to overall stress. Thankfully there are ways to try and manage stress and stay as healthy as possible during this […]
The federal estate tax exemption allowance seems to be at risk of being reduced, and so it may be a good idea to reevaluate your estate plan. Senate Democrats are proposing to lower the current estate tax exemption from $12.06 million to $3.5 million for individuals and $24.12 million to $7 million for couples. Whether […]
Imagining the likelihood of a deadly illness or injury is not something people like to think about. Because of this, we rarely think about how to protect ourselves and our loved ones if the worst were to happen. However, just as it is important to buy home insurance to protect your home and auto insurance […]
The aging experience is changing because of the new inter-generational community living models. Dubbed “new urbanism” it is the belief that a living environment with high standards can have a positive effect on the quality of life, local economy, and public health. The goal of new urbanism for older adults is the offering of an […]
Changes in technology are occurring continuously and it may seem hard to keep up. For many seniors, these changes can be so daunting that they tend to avoid technology altogether. While seniors have increasingly embraced technology in recent years, data from Pew Research shows that as many as one-third of those over the age of […]
On average, two-thirds of Americans 65 or older would prefer to age in place, while the other one-third would want to live somewhere else. The family remains the most significant factor when deciding where retirees live, followed by the general livability of an area and desirable weather conditions. The decision about where to live should […]