Understanding the Differences Between a Will and a Trust
Everyone has heard the terms “will” and “trust,” but not everyone knows the differences between the two.
Everyone has heard the terms “will” and “trust,” but not everyone knows the differences between the two.
Asset protection planning is about protecting your assets from creditors — and it is not just for the super-wealthy.
With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting the Medicaid asset limit.
Reports of elder financial abuse continue to increase, and the elderly are particularly vulnerable to scams or to financial abuse by family members in need of money.
A new report finds that almost no retirees are making financially optimal decisions about when to take Social Security and are losing out on an average of more than $100,000 per household in the process.
It may become harder for Medicare beneficiaries to find home health care due to a new rule. Although the rule changes the way home health care providers are reimbursed, it could affect patient care as well.
If you move to a different state or split your time between one or more states, you should make sure your advance directive is valid in all the states you frequent.
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.
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.
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.