Probably the last thing anyone thinks about when they get a divorce is their estate plan. But it can be critically important to update your plan as soon as possible. According to a recent Wall Street Journal article failure to update beneficiaries can cause a variety of legal issues. The article points out that married… Read More »
Blog Posts Page 6
How Does Increasing Longevity Influence Your Retirement Planning?
Although most individuals are aware of the benefits of planning for retirement, longer lifespans mean that it’s very important to think about the lifestyle you will have after you stop working. An individual who retires at age 65 may have 15 or more years to make his or her retirement funds last. Given the potential… Read More »
What is a Living Trust Scam?
Unfortunately, while there are plenty of legitimate living trusts and elder law planning attorneys in Ohio who help put them together, far too many seniors across the country fall victim to scammers who intimidate and scare their victims into purchasing unnecessary or worthless trusts. If you put together a living trust, work directly with an… Read More »
Should You Consider Taking Social Security Benefits at Age 67?
Individuals who are born after 1960 in the United States achieve full retirement age at 67. This means that they can receive their full monthly social security benefits and the majority of people intend to retire at this age. What to Think About Before Making This Decision There are many questions that you may want… Read More »
Retirement Housing is Family Affair
A recent Baltimore Sun story detailed the rather unusual living arrangement of three older Americans living in the same apartment of their retirement community. The story explained how John and Pat Gross, ages 67 and 68, live with Pat’s mother at the Charlestown retirement Community in Cantonsville, MD. It’s not unusual for a couple to… Read More »
America’s Working Daughters in Crises
A recent article in The Atlantic focused on what it called a crises facing the many women in the United States who have become the primary care givers for their aging parents. The article pointed out that while many might see the headline as slightly sexist, the reality was that in over 80% of the… Read More »
How to Wisely Invest a Big Inheritance
It’s a fantasy everyone shares — a relative you never really knew passes away after a long and fulfilling life, leaving you a massive inheritance you never saw coming. It’s not unlike the lottery fantasy that recently drove the nationwide Powerball to jackpot of over a billion dollars. For most people, that fantasy will never come… Read More »
How Long-Term Care Progresses for the Typical Patient
Long-term care exists along a continuum, with many patients initially requiring only modest or occasional services and then progressing to increasingly more intensive stages of care. Forbes recently outlined that continuum for their readers. It looks something like this: In-home help from family and friends In-home health care aides (professionals you hire to help the… Read More »
Estate Planning: Why Estate Taxes Don’t Matter Much Anymore
It sounds like a shock claim — estate taxes don’t matter in estate planning anymore. We promise, though: this isn’t just about drawing you into our article. The headline really is true… and The National Law Review is backing us up on it. Don’t misunderstand — taxes aren’t completely irrelevant to estate planning. In fact, if… Read More »
Diabetes Raises Your Dementia Risk by 60%
For several years now, scientists have been exploring a theory that dementia and diabetes progress similarly, and that toxic blood sugar levels may have a causative effect on dementia. Now, a new study finds that those with underlying Type 2 diabetes are 60% more likely to develop dementia later in life. Experts are impressed with… Read More »