Annuities are financial products that pay a set amount each year, generally throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase…
It is common for American families to have stepchildren, who are usually treated the same as biological children when it comes to inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological…
It is common for elder law and estate planning to be used interchangeably, but there are some significant differences between the two. While some overlap exists between the two, learning and implementing strategies from both law practice types is crucial…
It is possible that your children, minor and adult, will not agree on family circumstances, particularly regarding inheriting your estate. Relationships can change and intensify when you die, with underlying issues that bubble to the surface, creating tensions over your…
Scammers are becoming increasingly adaptable and mimicking communications that resemble tech support employees, government employees, and romantic partners to target seniors and near-seniors. Seniors are particularly vulnerable groups as they are typically homeowners with substantial financial savings, good credit scores,…
In the United States, Medicaid is a public health insurance program that provides comprehensive coverage for health care and financial assistance to millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and…
There have been decades of efforts to eliminate age discrimination in the workplace, but it still exists. Age discrimination occurs when an employee or prospective employee is treated less favorably because of their age. It can be directed at older…
As US military benefits constantly change, many veterans miss out on benefits that can make a significant difference in their lives. Many wartime veterans receive a disability pension due to injury. But did you know that wartime veterans age 65…
Revocable and irrevocable trusts are the two most common types of trusts used for estate planning. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last…
An estate is administered via probate by naming a personal representative (executor) and distributing assets to beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws determining if probate is necessary…