Senior Citizens Face Loss of Buying Power, Study Shows
Inflation affects all consumers, but older Americans are facing an especially dramatic loss of buying power.
Taking Care of Your Estate as Your Family Grows
Most young parents do not think about dying or becoming seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical insurance, disability insurance,…
An Overview of Power of Attorney Appointments
As a precautionary measure, you should make provisions in case you become incapacitated and require someone to manage your affairs when you become incapacitated. These legal documents can grant broad authority to one or more power of attorney agents to…
Designating a Special Needs Child as a Beneficiary of an IRA or Retirement Plan in a Trust
A special needs child's government benefits must be protected by carefully planning assets to be left behind. It is also important to protect those assets against later claims after your death and, in some cases, during your lifetime, for additional…
Planning an Estate for an Unmarried Couple’s Assets and Property
The number of Americans who are widowed or divorced has reached record levels, causing new partnerships to form among older Americans. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally…
Probate: Understanding the Process
During probate court, a person's will is validated and the executor is responsible for handling the decedent's assets, debts, and final tax filings legally and according to the decedent's wishes. To begin probate, a personal representative or executor must file…
What You Need to Know About Gun Trusts
In the United States, gun trusts are legal tools that enable individuals to own firearms in a legally compliant way and, at the same time, allow them to share access to firearms with others. This approach is beneficial for those…
A Guide to Living Wills: Ten Things to Know
If you became seriously ill or suffered an injury and were unable to make healthcare decisions for yourself, what would you do? You don’t have to be old to become incapacitated. A living will, a component of an advance health…
How Estate Planning Differs From Elder Law
During the process of planning your future, both financially and medically, you may wonder what the difference between estate planning and elder law is. Estate planning and elder law also have some similarities. Even though these two types of law…
A Brief Introduction to Special Needs Trusts
Creating a special needs trust (SNT) is an excellent method for planning for your loved one's future. A special needs trust can provide fiduciary management and oversight for a loved one unable to manage property or funds due to physical…