A recent study of widows and widowers indicated that less than one out of five felt that their financial planner is providing them with appropriate information about long term care planning. Long term care planning is crucial for outlining your prospective risks and ensuring that you have a plan in place to address them if… Read More »
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Caregivers Must Remember To Care For Themselves
According to a report issued by the National Alliance for Caregivers and AARP, approximately 40 million Americans provide unpaid care to another adult. What is more, providing adequate care to a spouse or partner requires, on average, over 44 hours per week. Sadly, caregivers often devote so much time and energy to caring for a… Read More »
Does My Will Executor Get Paid?
Part of your estate planning goes farther than selecting the documents and tools you’ll use to protect your own interests. In fact, your estate planning cannot be done until you’ve thought about the people who will serve in the most important roles in your life or when something happens to you. An executor is one… Read More »
Key Special Needs Planning Tips for Families
As parents, you have taken on an important responsibility to care for a child with special needs. Financial and estate planning for families that have children with special needs is extremely important because the details matter and can have life lasting repercussions for your loved one. The average cost of raising a child from birth… Read More »
Medicare, MassHealth, And Planning For Long-Term Care
Many people are confused about the difference between Medicare and MassHealth as it pertains to the challenge of paying for expensive long-term care. This is not surprising. The two programs sound similar and both provide for medical care. Let’s start with a brief definition of each program. Medicare is an entitlement program. Everyone who reaches… Read More »
In a Multi-Generational Home? You Need Estate Planning
Whether you’re part of a big family unit under one household with members of many generations or if you’ve recently blended your families with a new spouse, estate planning should be at the top of your to-do list. It’s very hard to think about all the different ways that your life is affected when you… Read More »
Long-Term Care Planning Should Occur Well in Advance
If you’ve been contemplating the benefits of long-term care, it’s well worth it to look at this issue many years in advance. Most people have heard on a regular basis about updates to Medicaid and Medicare. This information can be extremely confusing or even overwhelming for someone who does not know at what point in… Read More »
Blended Families Have Unique Estate Planning Considerations
Every person can benefit from the process of estate planning, but it is even more important for those who are entering a blended family or have had multiple possible divorces. Blended families present unique estate planning challenges and considerations, but people who fail to update their documents in line with the new shifts in their… Read More »
Just One Estate Planning Mistake Could Lead to A Significant Tax Bill
Many people don’t recognize that there’s a huge difference between inherited and gifted assets, and that this could cost your beneficiaries significantly in the form of taxes. If your parents are nearing retirement age and looking into proper estate and financial planning, they may be interested in transferring assets to your name to ensure that… Read More »
Passing Away Without a Will Sets Up Problems for Your Loved Ones
You may assume that you don’t need a will or that your future involving estate planning is far off or simply unnecessary because you don’t have enough assets, but far too few adults in the United States have a will in comparison with the number of people who should. Dying without a will can pose… Read More »