Recent Blog Posts
Insolvent Estates: A Nightmare For Beneficiaries And Personal Representatives
Unless the decedent planned out his or her estate down to the last detail and there is no family drama for which probate court to act as a venue, being the personal representative of a deceased person’s estate is a thankless job. Even if you are a beneficiary of the will, and you get… Read More »
Medicaid Nursing Home Planning: Be Careful What You Wish For
You are never going to be wealthy enough to spend half of the year in a mansion in Florida and the other half traveling the world. You also cannot afford to move into one of those fancy Old Boomers’ Homes in New York City that go out of their way to make residents feel… Read More »
Final Disposition Of Remains: The Most Important Reason For Remarried Parents To Update Their Will
Two thirds of Americans with a household income above $100,000 per year live paycheck to paycheck, and the other one third feel like their spouses and children only love them for their money. Your family may not show you enough appreciation, but after you meet with an estate planning lawyer, you will have thought… Read More »
Newlyweds Cannot Afford Not To Have The Estate Plan Talk
Getting married is different when you are on the far side of middle age. You have a more realistic vision of what happily ever after will look like, and there is no pressure to keep up with the Joneses with a show stopping wedding. Perhaps the biggest difference is that, once you have passed… Read More »
Listen To Your Conscience When It Comes To Leaving Money To Your Children
Children don’t come with an instruction manual. There is plenty of advice available about how to behave toward your children, but it only serves to make you feel more insecure and confused; therefore, it is the opposite of helpful when it comes to decision making. This is true when you are trying to get… Read More »
Save Money Like You Will Break The World Record For Longevity, But Write Your Will Like You Will Die Young
Estate planning is an act of love. You do it so that you can reduce stress for your family in your old age, accounting for the possibility that your family will make decisions about your care and your finances. You save as much money as you can so that you will not have to… Read More »
Summer Retirement Project: Painless Decluttering
Now that you have recently retired, so much has changed, but so much hasn’t changed. You have decided to stay in the same house where you have lived for decades, so you don’t have to get ready for a move. Finding ways to occupy your time is one of the biggest challenges of adjusting… Read More »
Is It Really Worth It To Buy Long-Term Care Insurance?
People buy insurance hoping that they never have to use it. Most of the time, we do not put very much thought into our insurance buying decisions. You buy car insurance because it is against the law to drive without it. If your employer offers health insurance, you sign up for it when you… Read More »
Protecting Your Elderly Family Members From Romance Scams
Finding a friend or a romantic partner late in life can be a beautiful thing, especially when you consider how detrimental loneliness is to the physical and mental health of seniors. Unfortunately, scammers realize that there are plenty of lonely seniors out there and are willing to give them the illusion of friendship or… Read More »
A Snowbird’s Guide To Getting Your Ducks In A Row
While you were working, you always wished that your vacations to Florida could last longer. Now that you are retired, you have all the time in the world to spend in Florida, but it isn’t quite that simple. The mild winter weather is heavenly, but in the summer, you could do without the daily… Read More »