The availability of long-term care insurance policies is continuing to decline, even as the need for such care is growing, an interagency task force led by the Treasury Department has said.
The passing of a spouse is a devastating time in a person’s life and one that throws their world into turmoil. While in the midst of grieving, they’re confronted with a multitude of responsibilities requiring their attention — not only the immediate tasks of preparing for memorial services and notifying family and friends, but also beginning to tackle the requisite legal notifications and financial changes.
To ensure your estate is settled in the way you want, it’s wise to do a bit of extra planning to keep your documents up to date.
There tends to be a lot of excitement in the air as one approaches retirement. Contemplating how to spend one’s golden years represents the culmination of decades of hard work and the ability to enjoy the fruits of one’s labor. While the enthusiasm is warranted, it’s also crucial to make some important financial planning decisions before the fun begins.
Deciding when to start receiving Social Security retirement benefits is an important decision. Making the wrong choice could cost you.
The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
Although there is often a progression of complexity in estate planning, this progression generally follows stages in life rather than specific ages.
Regardless of the pandemic, experts say it’s important to plan for when you’re not here—that is, give thought to what would happen to your bank accounts, your home and your belongings, as well as, perhaps, your dependents.
A revocable trust is great for many reasons, but it does NOT protect assets from nursing home expenses.
Two years ago, the Trump Administration quietly began a review of the nation’s long-term care (LTC) insurance system, focused primarily on ways to enhance private coverage.
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