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.
While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
There are many options, but the best use of the money is different for each widow and her unique circumstances.
This post circulating on Facebook addressing do-it-yourself estate planning makes some good points but also contains some major falsehoods, especially as they apply to Louisiana. Learn what is good and not so good about this post intended for people outside of Louisiana.
While the number of older Americans with wills has been dropping in recent years, that doesn’t mean you should forego this legal document.
You may want to consider some financial issues before walking down the aisle again.
Louisiana law provides that once a married couple is divorced, the ex-spouse loses all rights under the will, but there are other ways your ex-sposue could inherit your assets.
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
For parents who have a child with special needs, planning for their loved one’s life after they themselves are gone can be overwhelming. Breaking the process down into manageable parts and working with specialized professionals and companies can help.
The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.
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