Generational wealth can only be built with careful planning and time spent over multiple generations. Without specific plans to create and transfer your legacy, statistically, 70 percent of wealthy families will lose that wealth in the subsequent generation, and 90…
We are now living longer than previous generations due to advances in medicine, technology, and life science. But simply living a longer life should not be the goal. Maintaining a healthy quality of life should be. After all, who wants…
In the aftermath of your death, your loved ones should not be forced to inherit assets only to find that they cannot access them for cash expenditures. Most retirees’ assets are in homeownership and retirement accounts, requiring a sale to…
In most cases, young parents do not imagine they might die or become seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why we pay for medical…
Getting divorced can be an emotionally challenging experience (especially when children are involved), and it usually results in financial hardship. Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your…
Smart homes, telehealth, and the internet of things enable many aging Americans to live more safely and independently at home. Elder law and at-home medical technology uses can intersect in several ways. Whether you are a senior looking to stay…
The majority of older adults believe estate planning is important, but less than half of those over 55 have a will, a living will, or health care directives. These documents help guide your representatives to provide the end-of-life wishes you…
As the Internet of Things (IoT) increasingly permeates our lives, it is more necessary than ever to identify the digital property you own and manage it. From smart home devices to online investments and bank accounts, we’ve gone way beyond…
Estate planning is most commonly associated with wills, trusts, and passing assets to the next generation. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about…
As Americans age, we are also living longer, which means more of us will require long-term care in the future. It is estimated that seven out of ten Americans will need long-term care during their lives. Long-term care can include…