The IRS adjusted the portability strategy of deceased spouse unused exclusions on July 8, 2022. This adjustment made it easier than ever for high-net-worth married couples to avoid paying federal estate taxes. Understanding the Portability of a Deceased Spousal Unused…
Americans are increasingly in need of affordable long-term support services. Premiums for long-term care insurance policies and nursing home bills are exorbitant. The US Department of Health & Human Services (HHS) finds that Americans aged 65 or more have a 70…
Your letter of intent (LOI) is a valuable piece of your estate planning, and although it is informal, it can be a powerful representation of your intentions after you pass away. Everyone knows they need to make a will, but…
You may feel like you are experiencing early dementia, but it may be something else altogether. Of the 5.3 million Americans with Alzheimer’s Disease, approximately 200,000 are under the age of 65. Known as Early-Onset Alzheimer’s, the disease typically strikes people…
Marriage, divorce, or losing a spouse are all emotional experiences, but they are also financial ones. One thing to think about is how marital status changes your social security benefits. Understanding your options in different situations removes the burden of decision-making…
Estate planning and elder law differ from one another as you prepare for the future, both in terms of finances and health needs. Estate planning and elder law also have some similarities. Even though these two types of law are for…
The US Food and Drug Administration (FDA) recently approved a new drug under the trademark Aduhelm™ to treat Alzheimer’s disease. The drug, Aducanumab, is a therapeutic drug that clinically demonstrates a potential to delay further decline from Alzheimer's disease and…
Wills serve as legal directives regarding who will inherit your property after you die and are an essential component of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and property via state…
The practice of estate planning is evolving due to changing family structures. As recently as thirty years ago, a traditional family comprised a husband and wife who married young, purchased a home, had children, and worked toward financial stability and…
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…