Who Can Serve as Executor?
One important reason to have a will is to be able to name your executor (also called a personal representative). An executor is the person responsible for managing the administration of your estate after you die.
Why Plan Your Estate?
if you postpone planning until it is too late, you run the risk that your intended beneficiaries — those you love the most — may not receive what you would want them to receive.
What Is a Trust Protector and When Might You Need One?
A trust protector is someone who is appointed to watch over a trust that will be in effect for a long time and ensure that it is not adversely affected by any changes in the law or circumstances.
Grandparents Raising Grandchildren May Qualify for the Earned Income Tax Credit
Raising a grandchild can be tough financially, but grandparents in this situation should be aware that there is a tax credit available that could help them.
Preventing a Will Contest
It may be impossible to keep relatives from fighting over your will entirely, but there are steps you can take to try to minimize squabbles and ensure your wishes are carried out.
New Rule Once Again Allows Nursing Home Arbitration Agreements
The Trump administration is officially rolling back a ban on the use of arbitration agreements by nursing homes, once again allowing nursing facilities to ask families to give up their right to sue over patient injuries or deaths.
Reports Find Hospice Deficiencies Go Unaddressed
Hospice care is supposed to help terminally ill patients maintain their quality of life at the end of their life, but two new government reports find that serious problems in some hospices may be actually causing harm to hospice patients.
Should You Sell Your Life Insurance Policy?
Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called “life settlements,” can bring in needed cash, but are they a good idea?
Medicaid’s Gift to Children Who Help Parents Postpone Nursing Home Care
There are circumstances in which transferring a house will not result in a Medicaid penalty period, and one of those is if the Medicaid applicant transfers the house to a “caretaker child.”
Powers of Attorney Come in Different Flavors
A power of attorney is a very important estate planning tool, but in fact there are several different kinds of powers of attorney that can be used for different purposes.