The pandemic is forcing business owners to think more about estate planning for their families and succession plans for their businesses.
Month: January 2022
Bypass trusts are especially useful in estate planning, but there are special challenges when it comes to assets in retirement plans such as IRAs and 401Ks.
Medicaid is a federal/state program helping low-income seniors with limited income and assets afford healthcare and long-term care. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true in some cases,...
Developmental milestones are behaviors and physical skills seen as children develop These signs of development are followed by parents and by healthcare professionals. In the same way, estate plans need to be updated as we age and our needs and preferences change, and as family changes occur.
For most of us, estate planning is one of the most challenging topics to discuss with our parents. Even broaching the subject can seem daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents....
Estate planning, like retirement planning, is based on longevity assumptions. As we age,, our goals and preferences change..