A family with a special needs child can use life insurance in two ways. In one situation, parents may consider purchasing life insurance for their child’s life, addressing the possibility of outliving them. Alternatively, parents may use a life insurance…
Almost everyone knows about the probate process, which takes place in probate court after someone passes away, and they are aware that it takes place after someone dies. Unfortunately, fewer people know that it can be a long and complicated…
According to a 10-year study by the Journal of the American Medical Association (JAMA), hearing loss has been linked to a variety of health risks. The risks include a 50% greater risk of dementia, a 40% greater risk of developing…
Most likely, you have a beneficiary, as beneficiary designations are common in retirement accounts, wills, and trusts. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner passes away.…
Long-distance caregiving is defined by the National Institute on Aging (NIA) as providing care for someone who lives an hour or more away. This type of caregiving takes many forms – from arranging for in-home care, money management, bill paying,…
We don't own much. Isn't it possible to put off planning until we are able to afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything…
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…
As the population ages, most Americans want to remain living in their homes and in their communities as long as possible. As a result, many homeowners are taking steps to modify their homes so they will be able to safely…
It's well known that exercise and physical activity benefit people of all ages, but their importance increases with age. Regular exercise and physical activity can help you to: Maintain or improve physical strength and fitness; Continue to do daily activities…
For nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the income and asset requirements of the Medicaid program. As a result of these rules, many candidates give away their money and resources to qualify.…