Category Archives: Estate Planning
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 »
Health Is More Important Than Money In Determining When You Should Retire
Financial planners are fond of saying that you are ready to retire when your retirement savings balance is such that four percent of it will cover your expenses for a year. Anyone who has seen the price of a dozen eggs since the omicron wave subsided knows that most of us will never reach… Read More »
Beware Of Inheritance Scams
When you receive a letter in the mail that proclaims that “you win” before you even open the envelope, or when an email from a stranger arrives in your inbox with the word “congratulations” in the subject line, you are wise to be skeptical. Telling consumers that they are entitled to an influx of… Read More »
Should You Sell Your Empty Nest Or Rent It Out?
Congratulations on making the decision not to age in place. Indecision is one of the worst estate planning decisions you can make. There is no one size fits all answer about whether you should continue living in the house where you raised your children, but the first step to making actionable plans for retirement… Read More »
Successful Aging In Place Happens At The Community Level
When you decide to age in place and start looking for advice about how to prepare, most of the articles you find are about home renovations to accommodate the mobility needs of seniors. You can read all about benches for your shower, chairlifts on the stairs, and converting a room on the lower floor… Read More »
The Most Fun Part Of Estate Planning: Taking Inventory Of Your Memorabilia Collection
What is it with old guys collecting old stuff and talking endlessly about it to anyone who will listen? Your grandpa had his coin collection, your dad had his baseball cards, and the neighbor who lived down the street had a garage full of model trains. Some guys love vinyl records, some love old… Read More »
Do Risky Investments Have Any Place In Your Retirement Plan?
Money is only one of the things you need to think about when you plan for retirement. Estate planning lawyers may break the ice by asking you what you would like to spend money on in your old age and what your idea of a comfortable retirement looks like. Beyond those first few conversations,… Read More »
Difficult Decisions When Balancing Your Responsibilities As A Parent With Your Estate Plan
Before commercial flights take off, flight attendants instruct passengers that, if the oxygen masks descend due to a decrease in cabin pressure, they should put on their own oxygen masks before trying to assist their children with their masks. A similar principle applies when it comes to securing your own financial future while helping… Read More »
Reality Check: Depending On Your Family For Elder Care Is Less Affordable Than You Think
An aging in place plan that takes family togetherness as its cornerstone sounds idyllic. Think of the affordable family meals and the multigenerational social events. Think of the money your children will save on childcare if you babysit your grandchildren while your kids work on evenings and weekends. Your son-in-law adores you, and the… Read More »
Florida Senate Introduces Bill To Protect Elder Abuse Victims From Creditor Harassment
Debt collection communications can stress you out at any stage of your life. If you are in a strong enough financial position that you are talking to an estate planning lawyer about placing your assets in a trust so that creditors cannot get them, or even spending down your assets in order to qualify… Read More »