Establishing a trust can be a wise decision for anyone who wants to shield assets from probate or make it easier to transfer property. However, not all trusts are the same. There are specific benefits and limitations of every type of trust. To protect your wishes and...
Financial Planning
Protecting your nest egg when your kids return home
Did you know that more than half of adults between the ages of and 18 and 29 live with their parents? This statistic, which comes from the Pew Research Center, reflects the highest number of young adults living with at least one parent since before the Great...
Financial planning for in-home care
Getting older can go hand-in-hand with declining health, troubling medical conditions and limited mobility. As such, many people will eventually require personal and medical care. Often, people want to receive this care in their own homes so they can maintain their...
What happens if I become unable to manage my finances?
The possibility of losing our independence as we get older can be upsetting to think about. However, confronting this potential reality and considering what to do if it should happen can be one of the most valuable planning steps you can take for yourself and your...
What decisions does a fiduciary make?
The idea of a person making financial decisions on someone else's behalf can seem straightforward. And in the context of estate planning or long-term care planning, people often oversimplify fiduciary duties.To understand why fiduciaries are so important and why you...
How banks are working to tackle elderly financial abuse
Every year, elderly Americans are victims of financial abuse and fraud. This mistreatment comes from international scammers, unscrupulous businesses here in the U.S. and even the care providers and loved ones closest to the victim.No matter who engages in this heinous...
5 signs your elderly parent could be a target for abuse
We expect people to treat seniors with compassion and respect, especially when they are struggling with declining health.Unfortunately, not everyone looks at this vulnerable group with kindness and consideration. Too often, exploitative parties look at them and see...
Financial planning can help seniors avoid elder abuse
Experts say that the life expectancy of the average person is rising, with many saying that people will soon regularly live to be 100 years old. This means that many families will need to be prepared for the financial demands of longer lives. Unfortunately, senior...
Elder abuse more likely to involve family members than strangers
Older adults face many difficulties that younger people do not. For some, the physical and mental decline that can come with old age may make it difficult to enjoy activities that they did previously. For other adults, those declines can be dangerous to their...
Life care planning can include long-term care insurance
Approaching the latter part of one's life is not a particularly pleasant thing to consider, but it is important to determine certain aspects in advance. This can include how assets will be left to beneficiaries under a will, or how one wants his or her end of life...
