Estate planning can be used to address a range of concerns elderly individuals have about the future. This includes concerns regarding their pets. A pet can be a very beloved companion. So, an elderly pet owner may care very much about putting protections in place to...
The majority of adult children whose senior parents live on their own will go out of their way to ensure that their mother and father are living safely and comfortably. Depending on the circumstances, this could mean little more than daily phone calls, or it could...
Yesterday was World Password Day. This day is aimed at raising awareness of the importance of strong passwords when it comes to cyber-security. So, passwords are something that might be fresh on a lot of people’s minds right now.In today’s world, online...
Unfortunately, seniors can find themselves the targets of fraud schemes by scammers. Fraud schemes vary greatly in their specifics and in the methods scammers use to try to get their elderly targets to give them money.A recent CBS Moneywatch article went over some of...
One of the areas in which procrastination can strike is in estate planning. One thing that may lead people to drag their feet on estate planning is an assumption that the process will be very death-focused. Death is a topic many people don’t like to think about,...
The financial ramifications of elder financial abuse can be considerable. And the elderly victim of the abuse is not the only one that can suffer significant financial harm. The harm can spread out to affecting other members of their family. For one, it could impact...
Currently, the federal estate tax exemption amount is nearly five and a half million dollars. When confronted with this high number, many people might immediately assume that estate taxes would never apply to them and that they don’t have to worry about estate...
When it comes to wills, the details matter considerably. From how a will is worded to what steps are taken to execute the will, there are all kinds of little details that can impact what effect a will ends up having and whether the will does end up doing what the...
There are steps elderly individuals can take to try to give themselves some protection from possible financial abuse. For example, there are things they can put into their estate plan, such as certain types of trusts, that could help on this front.Now, some seniors...
Assets aren’t the only things that can be in a person’s estate when they die. Debt can also be present. Recent statistics point to dying with debt being fairly common here in the United States.The statistics are based on a database containing data on some...