At the start of 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect. While there are a lot of different aspects to the SECURE Act, one thing is for certain: Everyone who has an IRA (or similar retirement plan) should probably...
Estate taxes, also known as death taxes, are some of the most loathed of all financial burdens placed on American citizens. These taxes affect the beneficiaries of an estate or the estate itself and typically must get paid as part of the administration of the estate....
You’ve put it off for as long as possible, but it’s time to get your estate planning done. You love your family, so don’t leave them with a mess to sort out after you’re gone. Now that it’s tax time, consider putting some of your return toward your will and other...
The final stages of a terminal illness can be an emotionally charged time for patients and their loved ones. Hospice care is a program designed for those who have a terminal illness with six months or less to live. Rather than trying to cure a disease, hospice aims to...
You may not want to think about your future medical needs. But illness or injury could leave you unable to speak or understand what is going on. Your loved ones may need to decide on what care you want without knowing your wishes. To ensure that your family and your...
While many Americans avoid estate planning, it’s a crucial part of financial planning for every family regardless of age or how much money they have. Estate plans include wills, trusts, power of attorney and health care directives as well as distributing assets after...
Are you a Medicaid applicant or beneficiary and over your resource limit? Having too many assets may disqualify you for long-term care through Medicaid. Thankfully, setting up a special needs trust can prevent you from disqualification. Holding your assets in a...
