There are many types of costs that a senior generally never wants to hear are going up. One such type are nursing home costs. Unfortunately, a recent report indicates that going up is exactly what nursing home costs are doing here in the United States.
When it comes to their estate planning, an elderly individual may have a great many different goals. Wills can be a very useful estate planning tool when it comes to quite a few different types of estate planning goals. However, there are some estate planning goals that wills, generally, are unable to help with. We will go over two such goals in today's post.
Sometimes, after having previously made a will, a person will make a new will. A question a person may have in such a situation is: What effect does the new will have on the old will?
The death of a spouse can be a devastating emotional experience for a person. In this often very challenging time, the last thing a person may want to think about is taxes. However, one tax-related thing it can be important for a person to check fairly promptly after a spouse’s death, particularly if their spouse had a large estate, is whether their spouse did any estate tax planning.