It is estimated that three out of four Americans over the age of 50 plan on aging in place according to AARP. These seniors are willing to employ alternative solutions to make it happen. The alternatives include home sharing (32%),…
When it comes to transferring property or money to their children, most parents prefer to treat their children equally. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One…
How would you decide how to care for yourself if you were seriously ill or accidentally injured? You don’t have to be old to become incapacitated. A living will, a component of an advance health care directive, can outline your…
A steady path can over time make you a self-made millionaire if you are part of the millennial generation or younger. It does not require a unique set of skills, specialized knowledge, or even excessive risks. Americans who achieve millionaire…
In an estate plan, assets are distributed in accordance with your wishes, and your loved ones are provided for after your death. It requires organization and strategy and begins with five key legal documents that can address many areas of…
People with low incomes are eligible for Medicaid health insurance. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending down assets to…
A gun trust allows individuals to own firearms in a legal manner, allowing them to share access to firearms with others while remaining compliant with the law. This approach is beneficial for those who own restricted firearms or firearms regulated…
Wills, trusts, and transferring assets are typically thought of when people think of estate planning. However, there is another part of estate planning that doesn’t get as much attention. It concerns advance health care planning. Have you thought about what…
As a result of technological advancements in self-monitoring medical devices, telehealth, and smart homes, many aging Americans are able to remain in their homes for longer and live more safely. Elder law and at-home medical technology uses can intersect in…
The idea of leaving your property to your heirs might seem straightforward. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for…