One major consideration of people who are getting older is where they’re going to live. For many, aging in place is a priority because they don’t want to leave the home they’ve had for a long time. Others may opt to move into an assisted living home or a long-term...
When you find out that you have early onset dementia, it makes complete sense to turn to estate planning for help making sure your wishes are known in the future. Dementia and Alzheimer’s disease largely affect those over the age of 65, but there are times when early...
It seems like you can’t watch television for more than half an hour during the day without seeing at least one ad for reverse mortgage loans. Many older people who’ve lived in their homes for many years choose to get a reverse mortgage because it can provide them with...
When you go through the trouble of creating an estate plan, you do so because you care about your legacy and the people in your life. You want to leave assets for your spouse and your children. Maybe you want to donate to a charity or scholarship fund that means...
Until 2018, New Jersey was an expensive state to die in. New Jersey had not only one, but two “death taxes.” That all changed in 2018 with the revisions of New Jersey’s tax laws. When a person dies in the Garden State, the estate tax is no longer collected, nor...
You have been diligent about planning for your future and have drafted your last will and testament. You and your spouse have both completed medical and legal powers of attorney and also filled out advanced directives detailing the extent and type of end-of-life care...
Estate planning isn’t just about writing a will. Among other things, it’s also about conserving your assets and minimizing the taxes on your estate. Historically, trusts were something that only the ultra-wealthy bothered to create, but many people of relatively...
One of the largest assets most people have is their home. Whether you have a single home or multiple properties, you may be looking into the best way to protect that asset and to preserve your wealth as you age. You may want to pass that asset on in the future, too,...
While many people want to live an extra 20 or 30 years, the truth is most cannot afford to. Many do not have sufficient funds set aside to see them comfortably through old age as it is. Growing old is expensive. It is costly for an individual and the country as a...
Taxes are just an obligation most people have to deal with -- and that obligation doesn't end when they die. The executor of your estate may not only have to file your final tax return on your behalf, but your beneficiaries may have an obligation to pay inheritance...
