Category Archives: Estate Planning
Medicaid Nursing Home Planning: Be Careful What You Wish For
You are never going to be wealthy enough to spend half of the year in a mansion in Florida and the other half traveling the world. You also cannot afford to move into one of those fancy Old Boomers’ Homes in New York City that go out of their way to make residents feel… Read More »
Listen To Your Conscience When It Comes To Leaving Money To Your Children
Children don’t come with an instruction manual. There is plenty of advice available about how to behave toward your children, but it only serves to make you feel more insecure and confused; therefore, it is the opposite of helpful when it comes to decision making. This is true when you are trying to get… Read More »
Protecting Your Elderly Family Members From Romance Scams
Finding a friend or a romantic partner late in life can be a beautiful thing, especially when you consider how detrimental loneliness is to the physical and mental health of seniors. Unfortunately, scammers realize that there are plenty of lonely seniors out there and are willing to give them the illusion of friendship or… Read More »
Health Is More Important Than Money In Determining When You Should Retire
Financial planners are fond of saying that you are ready to retire when your retirement savings balance is such that four percent of it will cover your expenses for a year. Anyone who has seen the price of a dozen eggs since the omicron wave subsided knows that most of us will never reach… Read More »
Beware Of Inheritance Scams
When you receive a letter in the mail that proclaims that “you win” before you even open the envelope, or when an email from a stranger arrives in your inbox with the word “congratulations” in the subject line, you are wise to be skeptical. Telling consumers that they are entitled to an influx of… Read More »
Should You Sell Your Empty Nest Or Rent It Out?
Congratulations on making the decision not to age in place. Indecision is one of the worst estate planning decisions you can make. There is no one size fits all answer about whether you should continue living in the house where you raised your children, but the first step to making actionable plans for retirement… Read More »
Successful Aging In Place Happens At The Community Level
When you decide to age in place and start looking for advice about how to prepare, most of the articles you find are about home renovations to accommodate the mobility needs of seniors. You can read all about benches for your shower, chairlifts on the stairs, and converting a room on the lower floor… Read More »
The Most Fun Part Of Estate Planning: Taking Inventory Of Your Memorabilia Collection
What is it with old guys collecting old stuff and talking endlessly about it to anyone who will listen? Your grandpa had his coin collection, your dad had his baseball cards, and the neighbor who lived down the street had a garage full of model trains. Some guys love vinyl records, some love old… Read More »
Do Risky Investments Have Any Place In Your Retirement Plan?
Money is only one of the things you need to think about when you plan for retirement. Estate planning lawyers may break the ice by asking you what you would like to spend money on in your old age and what your idea of a comfortable retirement looks like. Beyond those first few conversations,… Read More »
Difficult Decisions When Balancing Your Responsibilities As A Parent With Your Estate Plan
Before commercial flights take off, flight attendants instruct passengers that, if the oxygen masks descend due to a decrease in cabin pressure, they should put on their own oxygen masks before trying to assist their children with their masks. A similar principle applies when it comes to securing your own financial future while helping… Read More »