Blog

June 26, 2023

Safe housing that meets older adults’ needs is essential to healthy aging in communities. Many seniors with low, fixed incomes struggle to balance housing expenses with the costs of health care, transportation, and groceries. Finding inexpensive, safe, and accessible housing can be challenging. However, several affordable housing options are available for older people with low incomes.

June 20, 2023

If you're looking for a way to protect your family's wealth for generations to come, a family limited partnership (FLP) may be the solution you need. An FLP is a type of business structure that allows family members to pool their assets together while gaining certain tax and financial benefits. In this article, we'll take a closer look at what an FLP is, how it works, and how it can benefit your family's estate planning.

June 13, 2023

When it comes to marriage, many couples are hesitant to discuss the possibility of divorce. But the reality is, divorce happens and it's important to be prepared for the worst-case scenario. One way to do this is by entering into a prenuptial or postnuptial agreement.

June 6, 2023

Estate planning is an essential process that every couple should undertake to ensure their assets are distributed according to their wishes after they pass away. It involves creating a comprehensive plan that outlines how your assets will be managed, maintained, and distributed to your beneficiaries. Here are some tips of estate planning that every couple should consider:

May 30, 2023

Using survey data from more than 8,000 adults aged 65 and older, researchers have identified eight social factors that may lead to early death in older adults. As part of the study, researchers from Massachusetts General Hospital and the University of California, San Francisco, developed a tool called the Social Frailty Index to examine factors that predict mortality, including age, gender, and medical conditions, as well as social characteristics.

May 22, 2023

Trusts can be useful tools to protect your assets, save on estate taxes, or set aside money for a family member. But before you commit to adding a trust to your estate plan, make sure you understand the differences between revocable (also called "living") and irrevocable trusts, because each offers advantages and disadvantages, depending on their purpose.

May 15, 2023

Know when to toilet train. Look for these two signs that your child is ready to use the potty: They sense the urge to pee and poop (this is different from knowing that they've already gone), and they ask for a diaper change.

May 8, 2023

As you begin the estate planning process, creating a trust is an excellent way to protect your assets and ensure their smooth transition to your loved ones. However, simply creating a trust is not enough. To ensure that your trust remains effective and meets your needs, it's essential to review it periodically.

May 2, 2023

Estate planning is one of the most important aspects of financial planning that ensures your assets are distributed according to your wishes after you pass away. While most people focus on creating a will, they often overlook the benefits of trusts. Trusts are a powerful estate planning tool that can offer several advantages and help you achieve your goals.

April 24, 2023

Many adult children wonder what their aging parents may need and how can they can help provide it for them. You may constantly worry about your parents or other older loved ones, especially if you live far away from them. You can, however, take some simple steps to ensure your parents are safe as they age.