As seniors age, the need for long-term care increases, particularly when they cannot do the activities of daily living (ADL), such as getting dressed, bathing, or preparing meals. Care in a nursing home or skilled nursing facility (SNF) may be appropriate for these older adults. However, it’s one of the biggest expenses Medicare beneficiaries are likely to face.
Even though the death of a loved one comes with unbearable grief, there are important tasks you must carry out as soon as you’re able.
A will can distribute any and all assets that the decedent had rights to.
There are important differences between the two types of trusts, including the amount of control you’ll have over your assets.
Certificates of deposit (CDs) are treated the same as other forms of property during the inheritance process.
Life is unpredictable. At least some uncertainties and concerns can be addressed with a good estate plan that offers a wide range of benefits intended to protect one’s well-being and family’s wealth.
When planning your estate rarely will you experience difficulty naming your initial beneficiary or beneficiaries for your will, IRA’s or life insurance.
Wills and trusts are typically changed over time as life circumstances, the state where you reside, or your desired outcomes change.
Unmarried couples don’t receive the same legal protections as married couples when it comes to inheritance and taxes.
As the surviving spouse, you’ll need to consider housing options, like whether to sell or keep the home, or downsize.
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