Inheritance Divided Per Stirpes
In the preparation of my will, I understand property can be left to my children “per stripes.” Why is the law talking about us like we’re some kind of zebra? The phrase is Latin and it is “per stirpes,” not…
Prepare for the Care of Your Aging Parent
While every situation in providing care for an aging parent is unique, one truism is that preparation is crucial to success. Whether you need basic information about eldercare resources and services, are looking for a local agency to provide those…
Celebrity Estate-Planning Mistakes
All the money and fame in the world sometimes doesn’t mean that stars and celebrities get the best estate-planning advice. You know better, right? You know to make a will. Musician Prince never did, and because of that, even a…
The Baby Boomer Generation in the 2020s
The baby boom generation is comprised of those Americans born 1946-1964, and according to the US Census Bureau (Bureau of Census), their numbers are estimated to be 73 million strong. This number represents nearly 20 percent of the American public.…
Considerations for Your Aging Parent
It is essential to bring up a parent's aging expectations and set goals together even though initial discussions may be uncomfortable. Often, an exploration into a parent’s future thoughts about health, finances, and residential plans can make the difference between…
The Importance of Seeking Counsel Before Selling the Family Home
Actions Without Guidance After Maria’s husband died, Maria’s daughter, Debbie, persuaded her to sell the family home and move into Debbie’s mother-in-law cottage. That way they could stay close, and Maria could invest the money from the sale in a nest egg…
Understanding Social Security Disability Income and Benefits
No one is immune from becoming disabled, either temporarily or permanently. Some projections are estimating that Americans in their 20s today have an approximate 30 percent chance of experiencing a disability profound enough to cause them to miss three or…
Prepare Your Financial Information to Provide Peace of Mind
Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you and your loved ones. It will also relieve your loved ones' burden in the future. It will ensure proper management…
Should Adult Children Be Required to Pay for Elder Care?
The astronomical costs of long-term nursing care is common knowledge. Costs can run around $7,000.00 or more per month, depending on location. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand…
Include Family Values as Part of Your Inheritance
Successfully addressing and formalizing your inheritance of family values and assets can be challenging, especially if parents wait too long to begin instilling family values. Undoubtedly the best time to teach and empower your children as eventual inheritors of your…