During the pandemic, family systems with loved ones who are most vulnerable and require caregiving face unforeseen challenges. Family caregivers that use to aid their family directly, now find themselves learning how to be long-distance providers during this pandemic. US…
The President signed the SECURE Act into law on December 20, and its effective date is January 1, 2020. Congress has passed a bipartisan appropriations bill. In the contents of this spending bill is a piece of legislation known as…
Although owning a property with family may lead to avoiding probate, there are several risks, including taxes, creditor exposure, and loss of control. So when dealing with property, it is important to consider these risks and how to manage them,…
What can you do if you are medically diagnosed with Alzheimer's? Aside from following the advice of your medical doctor an important step in your overall estate plan is an advanced directive to ensure your future wishes are met when…
Gray divorce is becoming more common for Americans aged 50 or more. The term gray divorce generally refers to the baby boomer generation and affects all classes and education levels. Research shows that splitting during middle age is particularly damaging…
Your estate plan can benefit from including a letter of instruction. It is an informal document that will give your loved ones important information about personal and financial matters after your death. Letters of instruction are not legally binding and…
Care.com’s annual estate planning survey for 2019 found that 57% of U.S. adults do not have a Last Will & Testament (a “Will”). The survey found that participants were more likely or less likely to have a Will depending on…
Say your spouse is living in a nursing home because of advanced Parkinson’s. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t want…
In 1981, Dorothy Miller, a social worker, first created the term “sandwich generation.” A Journalist, Carol Abaya, continued to study and add to what the term means. In 2006, Miriam Webster included the term, sandwich generation, in the dictionary for…
It’s time to rethink your financial retirement portfolio. You may have built up a significant nest egg in a 401(k) plan, but it does come with serious baggage during your golden years. It is impossible to argue against the early…