When an unexpected event occurs that incapacitates a person or causes them to suffer an early death, whether or not they have an estate plan can make a huge difference on the situation. Thus, actually taking action to get an estate plan in place is important for...
Helping People Age With Dignity And Peace Of Mind
Year: 2015
Study: financial decision-making quality drops in elderly years
Many different kinds of financial decisions can end up coming before an elderly individual. Some examples include decisions regarding investments, bank accounts, real estate, credit cards or debt. These decisions can have major impacts on a senior's life. Thus, making...
Helping seniors with degenerative diseases plan for the future
Many seniors have a picture in their head of what their elderly years will be like. Sometimes though, unexpected events occur which can completely change the equation. One such event is developing a degenerative disease, such as Parkinson's.Being diagnosed with a...
Survey: many wealthy individuals worried about health care costs
Health care costs, including costs related to long-term care, can easily get rather high. Thus, it is unsurprising that medical costs can be a big source of anxiety. A recent survey indicates that health care expenses are something that many wealthy individuals worry...
The estate planning challenges of airline miles
In estate planning, one thing it can be very important to be aware of is if any of your assets raise special estate planning issues. One special estate planning issue some assets raise is unpredictability when it comes to the ability to pass on the asset upon death....
Who is allowed to challenge a will, and under what circumstances?
After a loved one or family member passes away, one of the most divisive and difficult moments of the event can be dealing with the will. This is a crucial document to the deceased individual's estate plan, and it dictates how much of the estate will be distributed...
Planning for unexpected events important at any age
Young adults may feel a temptation to put off planning for things like what would happen upon their incapacity or death. After all, a young adult will have plenty of years ahead of them to tackle these planning issues, right?Tragically, the answer to this is sometimes...
Beneficiary designation oversights could impact asset class
Many types of assets are subject to going through the probate process when a person dies. However, not all are. Certain types of assets skip probate when a person dies. These assets are called non-probate assets.There are a variety of different types of non-probate...
What impacts is technology having on senior living situations?
When a senior is thinking about the possibility of having to leave their home and move into an elder care facility, there are many worries they may have. They may be concerned about the emotions of leaving a long-time family home, how much independence they would lose...
Helping after-death gifts go to your loved ones rather than their creditors
When a person sets up an after-death gift of assets to a loved one, they generally want as much of that after-death gift to go to their loved one as possible. Thus, one thing they might be concerned about is the possibility of portions of the gift being directed away...