It worries you. How will your special needs child live once you and your spouse have died? For all these years, the two of you have taken care of your daughter’s needs. At times, the experience has worn you down physically, mentally and financially, but you love your...
An estate plan can help you plan for the future and ensure your assets get distributed according to your wishes after you die. But many people have yet to put one of these plans together. According to a survey conducted by Caring.com, only 33% of Americans have put...
If you have aging parents or loved ones, the future of their health and wealth management is often a concern. When they cannot make their own choices, guardianship places the responsibility of decision-making in the hands of a trusted third party. For loved ones who...
When accidents and disasters happen, prepared people can cope while the unwary suffer avoidable complications. How might an incapacitated or unconscious individual preserve their assets for intended use? A durable power of attorney (DPA) is a valuable tool to...
When creating an estate plan, you should do everything possible to anticipate potential problems so you can avoid them. You can learn about the common errors of estate planning before you start. This way, you know what to do and what not to do when drafting a will,...
We have been forced to reassess our priorities, values, and health since the coronavirus pandemic began. The little COVID-19 clinical information relating to treatment options and likely outcomes based on personal health history should lead all of us to the same...
A staggering 57% of U.S. adults do not have a Last Will & Testament (a “Will”), according to Care.com’s annual estate-planning survey for 2019. The survey found that participants were more likely or less likely to have a Will depending on issues such as age, race,...
Larry King, the legendary talk-show host, married seven women and had five children with several of them. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to...
When it comes to deciding how to leave property to your children, the clearest choice is to divide everything into equal shares. That is the straightforward choice when all your children are doing equally well. But if not – if, for example, your son is a starving...
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...