In a resort where parents purchased a timeshare, a resort agent suggested they sign a deed transferring the share to their children in order for them to continue to enjoy the timeshare after their parents passed. It seemed like a…
Despite the COVID-19 pandemic, caring.com reports that overall, older Americans without wills remain the same. Remarkably, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now…
Many financial experts believe that waiting until your aging parent is in cognitive decline to talk finance is a mistake. It will take time to gather all the information you need for a complete financial assessment of their aging needs.…
We don't own much. Aren't we better off waiting until we have the money to plan? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen…
An estate plan is the best vehicle for transferring assets upon your death to your loved ones. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and…
Probate can be avoided if you have the right strategy in place, saving you money in taxes, avoiding public proceedings, and the requirement for court approval. It can save you time, frustration, and in many cases, significant attorney and court…
Entrepreneurs have several important characteristics in common such as motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. These individuals create new businesses bearing most of the risks and reaping most of the rewards if…
There are direct and indirect costs associated with Alzheimer’s and other related dementia diseases policymakers have to consider. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month…
If you want to become a self-made millionaire and you are a millennial or younger, there is a path you can follow to make this a reality. It does not require a unique set of skills, specialized knowledge, or even…
Probate is the legal process by which the estate is authenticated and the deceased’s assets are distributed to the beneficiaries. Whether or not you require probate depends on the type of property and how you own it, and the state…