Studies have found that workers overestimate how much they will receive in Social Security benefits when they retire. Having a good understanding of the realities can help you plan for retirement. Researchers from the University of Michigan studied the expectations of...
If there is a possibility that a loved one might need Medicaid assistance in the foreseeable future, that person should not be giving gifts without an attorney’s advice. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn...
Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are different ways that long-term care can be provided. Most long-term care involves assisting with basic personal needs rather than providing...
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report...
When it comes to your health care, especially during these uncertain times, you need to ensure that two estate planning documents are up to date. The first is your health care power of attorney. This document allows you to name a person to make medical decisions on...
I want to leave my bank accounts to my children when I’m gone. Can’t I just make the children joint owners? I hear this all the time. That idea sounds better than it is. Yes, your kids would avoid court proceedings when you pass. But you might put yourself at risk at...
