Category Archives: Estate Planning
Can You And Your Spouse Write A Joint Will?
If you are in the mood for some negativity but do not want to end up doom scrolling through endless think pieces that offer terrifying predictions about the future, Google the name of a movie where a love relationship is the main theme or a major subplot. You are sure to find an essay… Read More »
Can The State Really Inherit Your Property After You Die?
Everyone knows that they should write a will, but most of us keep putting it off until the next year. The thing that motivates most of us to put our last will and testament into writing is a sudden jolt of fear about something that might happen if we don’t write a will. For… Read More »
Financial Exploitation Of The Elderly Is A Crime
One of the goals of your estate plan should be to protect you from elder abuse. Elderly people who are socially isolated and in poor health are vulnerable to abuse by professional caregivers, family members, and fraudsters who come into the senior’s life pretending to have friendly intentions. The abuse can be emotional, financial,… Read More »
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 »