Recent figures suggest that elderly Americans have come under increasing debt pressures during the past several years. The Employee Benefit Research Institute recently published an analysis of government information that studied death rates between 2007 and 2010. During that time, people age 75 and older increased their chances of falling under debt pressure. While people in this age group are less likely to have debt than younger people, they have increased their chances of acquiring debt in … [Read more...] about More Elderly Facing Debt Problems
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Living Trust Steps: Funding
After you’ve decided to create a living trust you need to take the next step: funding. Funding means transferring some of your property to the living trust so the trust itself becomes the new owner. While you should speak to your estate planning lawyer about what property you should transfer and how you need to do it, here are some general principles you will need to be ready to face. Real Estate For most people their home or other real estate investments represent their largest single … [Read more...] about Living Trust Steps: Funding
Want to Be Remembered? Perhaps Burying Treasure is the Way
Estate planning often includes legacy planning, the practice of leaving behind not only assets for your family members, loved ones, or charities, but also creating a plan that will allow other people to remember you and your life in a positive way. Legacy plans seek to instill your values and leave behind something that’s often far more important than money or property. Legacy planning can take many forms, but perhaps no legacy plan in recent memory has been as unique as the one created by … [Read more...] about Want to Be Remembered? Perhaps Burying Treasure is the Way
Retirement Home Basics: The 4 Main Types of Elder Care Facilities
The time may come when you decide it’s best to transition to a retirement home environment. But before you begin looking at individual homes, it’s a good idea to gain a basic understanding of the types of elder care facilities that are available. Each different type will offer specific amenities and services, and you will want to match your needs and desires with those offered by the appropriate type of facility. Independent Living These retirement homes give seniors the opportunity to live as … [Read more...] about Retirement Home Basics: The 4 Main Types of Elder Care Facilities
Giving Inheritances to Grown Children: Many Options to Consider
Some people going into the estate planning process know a little about inheritances. Some of these people believe that as long as they make a last will and testament and state how they want their children to inherit property, that’s all they really need to do. While creating a will is one way to leave your adult children inheritances, it isn’t always the best way. There are several options you may want to consider if you’re planning on passing on your property after you die. Create a … [Read more...] about Giving Inheritances to Grown Children: Many Options to Consider
