Does ‘Gray Divorce’ Fit into Estate Planning?
May 28, 2022
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
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“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
Losing a loved one is never easy, even if you were anticipating the loss. During the hours and days following the death of a spouse or a close family member, you may be in shock and you will likely be disoriented, emotional and feeling like you’re in a constant fog.
These vehicles let a family manage multiple interests, preserve parental control and protect assets from claims of creditors and divorcing spouses, among other benefits.
Did you know someone who is 65 today has a 70 percent chance of needing long-care treatment in the future? Even seniors who have saved up for their waning years can find it a challenge to pay for nursing home costs, especially when relying only on Medicare coverage.
As awareness of dementia has grown, a startling fact has come to light: Nearly half of all older adults — 47% — die with a diagnosis of that condition on their medical record, according to research out of the University of Michigan and published in JAMA Health Forum.
What many adults don’t realize is that taking some of these supplements alongside prescription drugs and other medicines can have dangerous and even life-threatening effects. A number of supplements can enhance, diminish or negate a prescription drug in ways that can be consequential and unpredictable.
As you age, you may need help to take care of your health but want to live independently in your home.
The first step in getting your affairs in order is to gather up all your important personal, financial and legal information, so you can arrange it in a format that will benefit you now and your loved ones later.
One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability.
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