Bankers Life Center for Secure Retirement commissioned The Blackstone Group to perform a study of how prepared baby boomers really are for retirement, and the results are troubling. According to the survey above, the bleak financial reality of this demographic is…
The records conveying your final wishes for care and asset management are called powers-of-attorney documents, and these entrust an appointed person to act on your behalf when you are no longer able to. But when it comes to actually using…
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 $11.7…
As a married couple grow older, let’s use Ginny and George as an example, it is typical that they would like to leave their assets to their extended family when they pass. Unfortunately, Ginny was then diagnosed with cancer. She…
As retired Americans grow older, their dependency on the family to handle financial and health matters increase. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones…
You would hope your living will was properly prepared and your resuscitation instructions or DNR (do not resuscitate) are in order. While your wishes in a living will may be appropriately documented, that does not guarantee the instructions will be…
A rising number of retirees and aging Americans are using bankruptcy as an option to get out of debt. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto…
When you have big life changes like births, marriages, divorces, and moving to another state, you should review your estate plan to make sure it is still current. Children grow up, marriages dissolve, property gets sold, residences change. That’s why…
In order to help bring family continuity and comfort after you are gone, it is essential to write a letter of intent (LOI) for your special needs child. As a parent, the most valuable asset your child has is you…
Studies have shown the COVID-19 virus is very deadly to those over the age of 65 and it is not going away any time soon. Individuals living in senior living communities, such as independent living, assisted living, memory care, and…