What Does Study Say About Dementia and Mortality?
April 11, 2022
A significant proportion of older adults may be experiencing folate, or vitamin B9, deficiency.
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A significant proportion of older adults may be experiencing folate, or vitamin B9, deficiency.
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
Recently, WHO revealed that the percentage of global citizens over 60 years will double from 12% to 22% between 2015 and 2050.
Beyond not making a will at all, here are the biggest mistakes that estate planning attorneys see clients make.
You may want to consider some financial issues before walking down the aisle again.
A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries that portions out trust funds over time and under certain circumstances, usually due to the client’s concern that the beneficiary (usually their child) may get divorced, go through a bankruptcy, or the beneficiary has been addicted to chemical substances. The discretionary trust prevents access to trust funds all at once.
Out of sight, out of mind isn’t just an everyday adage—it’s one of the reasons why people 50 and over fail to write a will, update a previous one, or make other estate planning decisions.
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file paperwork, close accounts and distribute the assets of the deceased.
Highfalutin terms like “estate planning” can put off younger adults and conjure grandiose notions of excessive wealth.
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