You probably don’t consider your Facebook account or your twitter feed a digital asset. You may not even use those (or other) online services. The fact is though; every paperless credit card or frequent flyer account that you have is a digital asset. While many state governments are still struggling with how to best manage [...]
When the topic of estate planning comes up many times tangible wealth can be glossed over or forgotten. With a focus on investments, monetary assets and real estate the amount locked up in tangible assets may be missed. Depending on the state you live in there can be complex tax laws governing tangible assets. Here [...]
The news is full of celebrities who pass on and don’t leave detailed instructions about their intellectual property. These oversights can lead to long, drawn out and often vicious family disputes that lead to legal action. If you hold any intellectual property take some time to consider it when you are doing your estate planning. [...]
The death of a loved one is a very emotional experience. During that time close loved ones might not be thinking clearly and may not be able to handle the stress of making certain decisions. Because of this you might want to consider leaving a letter of instruction. Funeral Arrangements The first thing that you [...]
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 [...]
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 [...]
Elderly or retired recipients of Medicare are able to use their benefits to pay for home health care. There are some requirements that must be met, but if you qualify you are able to receive skilled home care instead of going to a nursing home or other assisted care facility How to Qualify There are [...]
If you or an elderly loved one has an IRA you might be wondering if the amount in the IRA counts as an asset when considering eligibility for Medicaid. The answer can depend on a few factors, as well as what state you reside in. […]
If you have done any retirement planning at all you have run across both of these terms. While they sometimes can seem interchangeable, there are some very distinct differences between a 401k and an IRA. Employer vs. Individual The main difference between a 401k and an IRA is who sets them up. An IRA is [...]
Experts say that mid retirement begins around age 70. This means that on the average, you have been retired for 5 or so years and have a good handle on how your retirement is progressing. Obviously if you waited until your 70’s to retire, this period may have shifted for you a bit. Planning out [...]