Long term care is something that many of us will face in our lifetimes. Even if it isn’t a personal experience, spouses or parents may be in need of long term care at some point in their lives. Knowing what to expect and how to plan for long term care can help alleviate stress and [...]
Do you have an estate plan? Many folks do not think that they need to have one. While it might be tempting to put it off until later or hope that your loved ones or the government will help you when the time comes, it just makes sense to have an estate plan. Here are [...]
Broaching the subject of finances can be tricky with many families. Depending on the family dynamic, parents may be hesitant to discuss finances with their children. The opposite might also be true where children feel uncomfortable broaching the topic with parents. Truth is, as parents age, children are going to be the ones who need [...]
Do you have an estate plan? Even if you think you have everything in order, are you sure that you aren’t missing anything? This is a question that many people ask themselves. Fortunately this means that there are other people out there willing to help. Documenting your Plan A will is a tool for distributing [...]
Health Savings Accounts (HSAs) are a relatively new way to save for out of pocket health expenses. While they can be used prior to the age of 65 only for medical expenses that are carried out of pocket, there are some interesting options that an HSA provides for retirees that might make investing in one [...]
Life insurance is a good idea. Most estate plans should include a life insurance policy. Even if you think you have enough to cover all of your expenses, unforeseen circumstances can make it necessary to have basic life insurance coverage. How much should you have and what should you cover? Let’s take a look. How [...]
As people age their minds undergo changes. Things that were once routine tasks can become difficult or even impossible for them to do any longer. These changes can manifest themselves in the way the elderly handle their finances. Look for these signs to see if an elderly loved one you know may no longer be [...]
Have you decided to set up a trust for some of your assets? If you have, then you may be thinking that you should have a family member be the trustee for the trust. Being trustee is much different than having a power of attorney or being an executor of a will. Consider the following [...]
The sudden death of a loved one is hard to deal with. This can only be compounded by your loved one not having a life insurance policy. What if the death occurs after the underwriting of the policy but before the policy is delivered. This is where a conditional receipt can come into play. What [...]
Are you considering buying long term care insurance? In many cases long term care insurance can help to cover gaps that Medicare or Medicaid might not cover. There are a lot of things to keep in mind if you are considering it. The Cost Is the plan affordable? Many LTCI policies can be quite expensive [...]