Estate planning is best known for outlining your wishes or distributing assets after death. However, it also includes planning for a potential incapacity or disability during your lifetime. One of the most underrated estate planning tools is a power of attorney (POA). Whether you’re facing temporary incapacity or require long-term care, a POA can provide the person of your choosing … Read More
Medicare’s Annual Enrollment Period (AEP) is just around the corner. If you want to make the most of AEP, preparing for the event is key.
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.
The SECURE Act changed how beneficiaries of inherited retirement accounts must withdraw these funds. Its passage made it more difficult for individuals to pass their retirement savings on to their heirs without tax liability.
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that protects patients’ privacy.
Some assets transfer directly to heirs after a person’s death. Other assets must go through a process known as probate.
Last wills and testaments (also known simply as wills) are not just for the wealthy.
Trusts are legal arrangements used in estate planning, alongside wills and advance directives.
A crucial, yet often overlooked, component of estate planning is reviewing assets, such as 401(k)s, pensions, and savings accounts, and ensuring you have listed a beneficiary for each of these.
Innovations in robotics and artificial intelligence may have the potential to provide support on this front, allowing seniors to continue living at home as they age.
