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Parents face a tough decision when it comes to leaving an inheritance for their children. There two schools of thought when it comes to leaving inheritances, according to Forbes in “Why Not To Leave Too Much To Your Grown Up Kids.” It is generally accepted that when parents pass away, everything they have left will […]
“Many Americans confess that they are confused when faced with the myriad Medicare choices available to them. Others are simply not planning, nor saving enough to meet the challenge of health care costs in old age. In response, a whole new industry has sprung up nationwide.” A recent iberkshires.com post, entitled “The Independent Investor: Elder […]
Staying where you are comfortable and having family and friends nearby can be an excellent retirement plan. If you are considering remaining in your home when you retire, it might be a good idea to look at your home from a different point of view, according to The New York Times in “Planning to Age […]
A few hours of walking each week may increase brain activity. A recent study shows there is help for people who are in the early stages of vascular dementia, according to The New York Times in “A 1-Hour Walk, 3 Times a Week, Has Benefits for Dementia.” A six-month study found that vascular dementia patients […]
It might be a good idea to take a look at the estate plan, rather than just takes someone’s word for it. Darryl White, the son of entertainer Barry White who passed away in 2003, has filed a suit against the estate and is demanding to see the will to know what it is he […]
An estate can become complex when a person passes away and leaves debt. Most people have not gotten rid of their debt entirely when they pass away, according to Market Watch in “What happens to your debt when you die?“. Approximately 73% of people in the U.S. pass away while still in debt. The average […]
Thicke’s sons and their stepmother square off over correct distribution of estate. It is not unusual for children and their stepmother to get into arguments when settling an estate, but it is unusual to bring the threat of revealing information to tabloids, according to TMZ in “Alan Thicke Sons Go To War With His Wife […]
Patients getting back their memories is a challenge. Technology may be able to help patients with Alzheimer’s and other forms of dementia recover some of their memories, according to the Daily Mail in “Touching moment a virtual reality headset helps elderly people with dementia recall previous memories.” A virtual reality therapy program has been created […]
Giving to charity is often more complicated than writing a check for a donation. While you can create a charitable legacy through several different methods, donor advised funds are gaining in popularity as a good way to do so, according to the Wills, Trusts & Estates Prof Blog in “The Rise of Donor Advised Funds.” […]
The uncertainty of tax reform can make it challenging to plan. The uncertainty of proposed tax reforms moving through the Congress makes the possibility of a spousal lifetime asset trust into an attractive option, according to Wealth Management in “SLATs Provide Flexible Plans for Many Clients.” Like any other trust, SLATs do not have to […]
