You should help your child plan for their financial future, whether they are graduating high school or college. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips…
Aside from receiving gifts, giving them to family and friends can also help you reduce your assets. There is a threshold, however, to how much you can give away in any given year, as well as over your lifetime. Whether…
The purpose of a living will is to ensure that your future health care decisions and plans are respected. It is a legal document that outlines your preferences for medical treatment and end-of-life care if you are unable to communicate.…
Technological advancements are continually changing the way we live. Health care is no exception. In service to veterans, the Veterans Administration (VA) is not only embracing advancements in healthcare technology but is helping to push the envelope. The VA is…
Seniors can benefit from technology in many ways, including improving their health, lifestyle, safety, and entertainment. While the younger generations may think older Americans are technology dinosaurs, they are becoming more digitally connected than ever before. Seniors participating in technology…
It is important for people to protect their assets and minimize their beneficiaries' potential tax burdens when planning their estates. The qualified personal residence trust (QPRT) is a valuable tool in this area. This specialized trust enables individuals to transfer…
Several decades ago, Congress created safeguards to protect the savings of married couples using Medicaid. These protections prevent husbands and wives from bankrupting themselves funding care for their loved ones. They originally required states to allow spouses of nursing home…
There is nothing more uncomfortable than thinking about your own death. Add to that the issue of what will happen to our assets after we pass away, and it's no wonder that so few people have created a will and…
In the United States, Medicaid offers health insurance to low-income families and individuals. Due to the high cost of long-term care, Medicaid planning is becoming more popular as an alternative to spending down assets to qualify for benefits for people…
Caregivers do not realize the challenges until they are faced with them Many people take on the challenge because it involves someone they love. In the US, 53 million people have assumed this role and then struggled to make it work. Much…