A pre-marital or prenuptial agreement can be an effective way to determine how each spouse's assets will be divided upon the dissolution of the marriage or distributed upon the death of a spouse.
Who benefits from estate planning? Estate Planning is something anyone who has legal capacity should consider. Some people may only require a basic estate plan, such as powers of attorney for property and medical care.
In many areas in and around Baltimore, nursing-home care ranges between $9,000 and $13,000 per month. This can drain a life savings very quickly causing many seniors to attempt to “age in place” as long as possible, meaning they attempt to stay in their home with health care aides.
According to the US Census Bureau, more than 51 million Americans are currently aged 65 or older, and the number is steadily increasing while medical and technological advancements are allowing seniors to live longer and better lives than ever before. The expanding needs of the US aging population are contributing to an increase in federal government senior assistance programs complexity and availability.
Traditionally, joint trusts reigned as the most popular among married couples due to their less expensive start up costs and ease of management. There are some advantages that in some situations make the extra cost worth creating and managing separate trusts.
A dementia diagnosis causes hardship not only on the individual diagnosed but also among all the family members and caregivers. Memory loss, personality changes and even physical symptoms like vision impairment and hearing loss may be evident.
With recent economic upheaval resulting from Covid-19 pandemic, many investors are suffering losses, many workers now face unemployment or reduced income, and many Americans have sadly watched their savings accounts and retirement accounts dwindle.
Centers for Medicare and Medicaid Services require health inspectors to focus on infection control practices at nursing homes and hospitals. Guidelines are in place regarding using and changing gloves, handwashing, laundry methods and food-handling practices.
We previously posted articles on business succession planning strategies, but in the wake of the Covid19 pandemic, business continuity planning has become a hot topic. What is the difference between Business Succession Planning and Business Continuity Planning?
Part of comprehensive estate and retirement planning includes understanding how Social Security benefits play into the grander picture of your financial affairs. To optimize your lifetime or monthly Social Security income you need to understand how Social Security benefits are calculated for each person.
