The photos are great: healthy seniors enjoying active lifestyles, playing tennis, chatting in the pool and dining in an upscale restaurant. However, review the documents with care before signing up. The concept of continuing care retirement communities, or CCRCs, is…
If you choose not to have a will or create a will without the help of an experienced estate planning attorney, and your will is found to be invalid, you’ll be leaving an expensive mess for heirs. With no will…
We know now that the brilliant songs, dances and smiles from the Jackson Five took place under a harsh atmosphere created by their father, who relied on corporal punishment to drive his kids to success. Before Michael Jackson was the…
It won’t matter what your will says about any accounts or assets that have a designated beneficiary. The named beneficiary will receive the asset on your death. What happens if you don’t spend all of the money in your 401(k)…
Today’s complex and uncertain world makes the management and preservation of tangible assets more challenging than in the past. In the next few decades, the largest wealth transfer between generations in recent history will take place. This makes legacy planning…
If it becomes law, this legislation from the House of Representatives would protect senior investors with a task force dedicated to preventing elder financial abuse. The creation of an interdivisional task force at the Securities and Exchange Commission (SEC) to…
People coming close to retirement age often dread the whole idea of applying for Medicare, and it’s understandable. Medicare seems complicated, and any mistakes could be expensive. One solution for navigating the process of choosing the right Medicare insurance and…
You don’t need to be wealthy to create a financial disaster for your family. Not having a will or other estate planning documents, could wreak havoc on their budgets and make their lives stressful. It’s true—planning a summer vacation is…
There’s no way to be prepared for a bad diagnosis, but when it happens, you still need to take care of the financial and legal aspects of your life. Once the initial shock of a bad diagnosis has passed, says…
After a few months of buying Mom and Dad’s groceries and transferring money between accounts, it seems like it would be easier just to create a joint checking account. Not so fast! Like any other financial move that seems to…