ARTICLES
Things You Should Know About Being a “Fiduciary”
You may be asked to be power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a trusted person to step...
Talking to Your Kids About Their Inheritance
Many parents are uncomfortable talking to their kids about their wealth. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk to kids about...
Talking to Your Parents About Estate Planning
It is essential that as your parents' age, you have conversations with them about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to the security of their...
Important Information You Need to Know About Power of Attorney
A durable power of attorney is one of the most important estate planning documents you can have. It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. If you have not appointed an agent then your...
A Quick Guide to Understanding the Differences in Medicare and Medicaid
Most people who work in healthcare may recognize the acronym LASA, which stands for “look-alike-sound-alike” and is usually seen when referencing medications. When it comes to federal programs, Medicaid and Medicare, in written form, look alike and they do sound alike...
Why a Personal Property Memorandum is an Essential to Your Estate Plan
Family members often end up arguing over mom or dad’s favorite items when that parent dies. Arguments can take place over things like a coffee mug, a piece of jewelry or a painting. These types of arguments can be eliminated by filling out a personal property...
Things You Need to Know About The Secure Act of 2020
Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as the Setting Every Community Up for Retirement Enhancement Act (SECURE), the first significant change in retirement legislation since the...
Comparing the Primary Options for Long-term Care
Long-term care choices are tied to the resources a senior has to cover living costs, and vary widely in cost, assistance, and care provided.
Learn About the Windfall Elimination Provision
If you receive a pension from your employment that did not pay social security payroll taxes, your SSA benefit might be reduced by the Windfall Elimination Provision (WEP). How can you know if this is your situation? Your social security statement does not reflect any...
Does Your Estate Warrant a Trust?
This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. For example, maybe you have a disabled child and you want a trust to permit that child to inherit without losing...