Here are some tips to consider before searching for a home that can meet a physical or developmental need. The US Department of Housing and Urban Development (HUD) lists state and local government agencies and other organizations that can help you. At…
In America, aging in place has become the norm for many aging adults. Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. Aging in place often means living alone. Pew Research…
In estate planning and wealth transfer, people sometimes seek strategies that preserve their assets as well as provide them with financial benefits for life. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals…
The purpose of the probate court is to verify the validity of a will and to ensure that an executor handles the decedent’s assets, debts, and final tax filings in accordance with the decedent’s wishes and the law. To begin…
Trusts are generally created when one person or firm manages assets for the benefit of another. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary.…
As a result of widowhood or divorce, a greater number of older Americans are forming new partnerships. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future…
When planning for the future care of their special needs child, parents have unique responsibilities. Funding a special needs trust (SNT) with life insurance is one of the most important things you can do to provide additional monies while protecting…
Back in 2007, hotel heiress Leona Helmsley left a trust fund of $12 million for the care of her Maltese puppy named “Trouble.” The Value of an Animal Trust for Your Pet For those who care about the well-being of…
It has become more important than ever to have a will, a living will, and perhaps even a living trust as a result of the COVID-19 pandemic in the US. Still, this knowledge is not translating into estate planning action.…
When you organize and prepare your financial information for the future, you will give peace of mind to yourself and relieve the burden on your loved ones. It will ensure proper management of your financial situation and afford control over…