by Ann Watt It is a running joke in my house that my husband and I only work to keep our dogs in the lifestyle to which they have become accustomed. We laugh it off while we shake our heads and acknowledge that while it is funny; it is steeped in truth. The king and.
by Samuel V. Butcher, Esq As an advocate and guardian for your family member with a developmental or intellectual disability, it is important to understand and determine if you should pursue a Special Needs Trust. What is a Special Needs Trust? A Special Needs Trust (SNT) is a trust established as a source for funds.
by Samuel V. Butcher, Esq Maggie continued working after the untimely death of her late husband Tom, more out of a need for socialization than stability. She could easily have retired in her mid-forties on the money she and Tom had socked away along with Tom’s generous life insurance proceeds. Maggie’s biggest concern was helping.
A recent report from the Alzheimer’s Association states that one in nine Americans age 65 or older currently have Alzheimer’s. With the baby boomer generation aging and people living longer, that number may nearly triple by 2050. Alzheimer’s, of course, is just one cause of dementia—mini-strokes (TIAs) are also to blame—so the number of.
The United Nations designated June 15, 2017 to be World Elder Abuse Awareness Day. The day is meant to focus on the “health and human rights of millions of older persons around the world” when “the whole world voices its opposition to the abuse and suffering inflicted to some of our older generations”. .
Thanksgiving and the upcoming holiday season lends a unique opportunity for boomer children to talk to their aging parents about powers of attorney and other estate planning essentials. Initiating that conversation can feel overwhelming, but it might be one of the most important things you do for your parent. Here are some tips.
Inheriting an IRA can be a financial blessing but you have to be extremely careful about withdrawing the funds. There are a number of mistakes you can make that can result in a missed opportunity for tax-deferred growth, or worse, a huge tax bill. Luckily, surviving spouses have some leeway. It’s still tricky to transfer.