When your parents are older, you need to talk to them about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to the security…
A living will specify your wishes regarding life-sustaining medical treatment. It is often accompanied by a healthcare proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does…
A long and healthy life is what we all desire. Wisdom is one of the reasons why we admire senior citizens. However, their long life often comes with the grief of outliving their spouses, friends, and sometimes their children. If…
Frequently called a living will, an advance health care directive specifies what action you want medical professionals to take in the event that you are incapacitated. A living will is crucial for all adults because accidents or a sudden onset…
In 2023, there will be the highest (COLA) in decades and a reduction in Medicare Part B premiums. It is being touted as a win for the American people. According to the Social Security Administration, there will be an 8.7…
When properly prepared, a will outlines who inherits your assets and property after you die. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes a public notice of…
Throughout their career, most people have paid into Social Security, so that when they reach 65, they can receive Medicare benefits. Individuals under age 65 who qualify to receive Social Security Disability benefits are also covered under Medicare, as well…
When you die without a plan, your estate's financial future and legacy to your loved ones rely on the courts to administer your state's intestacy laws. Dying without an estate plan or a basic will creates confusion, work, and heartache…
In spite of its expense and complexity, probate is a standard legal procedure for transferring assets from decedents to their loved ones. Whether or not you require probate depends on the type of property and how you own it, and…
Accidental falls among seniors are a leading cause of injury. Debilitating injuries range from short-term sprains, bumps, and bruises to fractures and head traumas which may require hospitalization. The Centers for Disease Control and Prevention (CDC) reports that one out…