Maybe people get confused because the first six letters of both Medicare and Medicaid are identical. But they are very different, as the article “Medicare vs. Medicaid” from U.S. News & World Report explains. Each program concentrates on different populations…
How is your retirement planning going? No, we aren’t asking about your retirement accounts, although those are important. This article, “The One Piece Missing From Most Retirement Plans,” from Forbes, notes that while most people obsess about their savings, the…
Unless your parents handed you a small fortune, like more than $15,000, the chances that they have to pay any gift taxes are very low, according to a recent article, “All About Gift Taxes: Do I Pay Tax on Gifts…
However, as funny as Conway was on screen, the last few years of his life were tragic. He was incapacitated by dementia, and the family fought over who had the right to make his healthcare decisions. A daughter from his…
There are many other reason why everyone needs a will, but the focus of a recent article appearing in moms.com, “What Actually Happens If You Die Without A Will,” focuses on young children and what could happen if their parents die…
Not having an estate plan is a bad thing. Having an out-of-date estate plan isn’t much better. Both could cost your loved ones plenty and create a stressful situation. Every few years, you need a review. If you have big…
It’s that time of year, when New Year’s resolutions and predictions for the coming year are on everyone’s mind. In the article “Top financial planning trends for 2019,” WTOP shared some predictions for 2019. Increased longevity means more planning. The…
Don’t neglect your retirement accounts, when creating or reviewing your estate plan. Knowing who is named as a primary beneficiary and who is a contingency beneficiary of your retirement accounts is important for your wealth distribution plans, in large part…
In three key factors used to evaluate how well seniors age 65 and up are protected, South Carolina ranks dead last in a study that examined all fifty states and Washington D.C. Taken together, these three factors—prevalence, resources, and protection—add…
One of many reasons to have a will, is the ability to name the person you want to take care of your assets—your executor—and determine who you want to receive your assets—your heirs. If you don’t have a will, decisions…