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Reviewing your estate plan is an important part of your end of life plan. In fact, it is just as crucial as creating the plan in the first place. After all, an outdated plan that does not reflect your current wishes is as good as having no plan at all. So how do you...
One of the primary goals of estate planning is to help your heirs avoid probate. Probate can take a very long time, particularly if any of your beneficiaries dispute your will or trusts. Probate is also a public process as it goes through the court system. Many people...
You may not be surprised to hear that a lot of Americans do not have an estate plan. Despite the importance of an estate plan to the future of you and your family, you may not think that you need one. According to U.S. News, there are some myths that you should avoid...
Few mid-life decisions are more important than choosing the right nursing home for an elderly loved one. After all, while there may be a budget to consider, you also want to find a facility that provides top-level care for those who mean the most to you. Regrettably,...
Some people compose a will but do not provide crucial information to carry the document out. For instance, you might specify in your will that your online accounts should go to your daughter but you have not disclosed the account passwords. If you write a letter of...
Choosing the right person to be the executor of your estate may help your loved ones receive their inheritance without complications. Still, some people struggle with this decision. They may want more than one person to handle their estate. While it is possible to...
Have you thought about the consequences for you and your family if you were suddenly incapacitated due to an accident or illness? Powers of attorney act as safeguards in terms of your medical and financial needs. Making sure you have them will put your mind at ease....
If your elderly parent is like most people who need nursing home care, he or she is either “over-income,” “over-asset” or both. Yet, your family may still struggle to afford the high cost of long-term care. Your family is not alone. Medicaid’s income and asset...
You want to help support your aging parents while they enjoy their golden years in Pennsylvania. Lately, you wonder whether supporting them means helping them with or taking over certain tasks for them. Forbes describes scenarios that may indicate your aging parents...
Long-term care is the assistance you receive as you age and can no longer take care of all your needs on your own. Not everyone will need long-term care. You may be independent and healthy enough to avoid it as you age. However, most people will need it at one time...
