Long Term Care: When an Inheritance is Not a Good Thing

Long Term Care: When an Inheritance is Not a Good Thing

Consider the situation where your spouse is living in a nursing home because he or she has advanced Parkinson’s Disease. Your spouse is currently receiving Medicaid benefits to pay for the high cost of that care. If you were to pass before your spouse, you wouldn’t...
Understanding Your Life Insurance Options

Understanding Your Life Insurance Options

Recent events are causing many of us think about our mortality and how we can make sure our loved ones are taken care of, especially if we die unexpectedly. Life insurance can be an affordable way to provide for our children, a spouse, a sibling, aging parents, and...
Why You Should Understand Estate Planning

Why You Should Understand Estate Planning

Many people consider estate planning to be the domain of the very wealthy, however, in the eyes of the law, an estate is simply the aggregate of property an individual owns, and most everyone owns something. Property ownership includes individual as well as jointly...
Who Should Manage Your Financial Well Being?

Who Should Manage Your Financial Well Being?

Who should you trust to manage your well being when you are no longer able to do so? A power of attorney (POA), otherwise known as an agent to your principal, has the legal authority to represent and make decisions on your behalf. What characteristics should you look...
Consider COVID-19 in Your Health Care Power of Attorney

Consider COVID-19 in Your Health Care Power of Attorney

In this COVID-19 pandemic, a difficult question especially demands an answer: if you or someone you love is taken down into life-threatening illness, how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors,...
COVID-19 is Taking a Toll on Social Security Funding

COVID-19 is Taking a Toll on Social Security Funding

The US Social Security Administrations funding trusts are known as the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. In their 2019 annual report to Congress, the Board of Trustees released some startling detail about...