Over the past thirty years, family structures have changed significantly. Previously, a traditional family consisted of a husband and wife who married young, bought a home, had children, and worked towards financial stability. In 1949, 79.8 percent of American households…
COVID-19 has raised awareness in the US about the importance of having a will, a living will, and possibly a living trust. Still, this knowledge is not translating into estate planning action. No matter your age or asset level, having…
In a will, you identify who will receive your assets and properties, addressing who will inherit them after your death. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes…
Most older adults realize the importance of estate planning. Yet, nearly half of Americans age 55 or more are lacking a will, have no designated powers of attorney, and have not composed a living will, or health care directives. These…