Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
If you are turning 60 in 2020, the pandemic could do more than interrupt your party plans. It could also lower the amount you’ll receive when you file for Social Security.
For example, did you name someone as an heir who is no longer in favor with you or—worse yet—has died? Who should get what they would have gotten? Are there now new people in your life—be they family members or not—whom you might wish to share in what you may have?
Medicare beneficiaries would get a reprieve on higher Part B costs next year in the coronavirus relief package.
Most people become eligible for Medicare during the months around their 65th birthday. If you don’t sign up for Medicare during this initial enrollment period, you could be charged a late enrollment penalty, for as long as you have Medicare.
Sometimes, in the middle of telling a story, making a point, or explaining a request, we suddenly get stuck on a word. It just won’t come, even though we have the strong feeling that it should be right there.
If you think of estate planning as something only ultra-wealthy people need to do, you’re not alone. That’s a common misconception.
The BENES Act, which cleared committee Wednesday, aims to minimize the chance that beneficiaries get slapped with life-lasting late-enrollment penalties.
Likely Democratic presidential nominee Joe Biden has proposed a major new initiative to encourage state Medicaid programs to expand home and community-based care for low-income older adults and younger people with disabilities.
Looking for an extra incentive to spend some quality time with your grandchildren? Try telling their parents that it could extend your life.
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