In the coming year, the Social Security Administration (SSA) will make important changes to its benefit programs for more than 70 million Americans. Inflation continues to increase daily living costs with higher costs for gasoline, food, utility, rent, and mortgages.…
The process of estate planning involves the creation of several documents that spell out one's wishes. During the process, you can name people to make financial decisions on your behalf when you are unable. You can designate beneficiaries for your…
There has been an increase in the divorce rate among older US couples, often after long-term marriages. Divorces among baby boomers have risen dramatically in the past thirty years. If you are fifty or more, statistically, you are more likely to…
You probably wonder how you would like your assets dispersed and who should be responsible for that process, whether you are in the middle of your estate planning process or just beginning to think about how to proceed. A trust…
Many people believe they are prepared for end-of-life care if they have created and signed a living will. Unfortunately, medical professionals misinterpret end-of-life care documents more often than you think. The issue is that medical professionals often have little training…
During the estate planning process, it is very important to implement Power of Attorney documents. All states recognize powers of attorney, but rules and requirements will differ from state to state. The document gives one or more individuals the legal…
It can be challenging and emotionally taxing to plan for your future and make long-term decisions regarding your finances. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you.…
You might imagine that people with lots of assets and money need prenuptial agreements. However, any couple with individually owned property, assets, or significant debts should consider signing a prenuptial agreement. There may be valuable collections or sentimental items to…
Planning for succession and estate planning for farm and ranch real estate, livestock, equipment, and other personal property can be challenging. There is a common misconception that federal estate taxes threaten farm or ranch property, preventing assets from getting to…
After the death of a loved one, there is a period of mixed emotions as we deal with the loss and receive an inheritance. The loss of a loved one is sad but the influx of funds can bring joy…