The amount of your social security benefit will not be reduced if you begin receiving it at an early age. Because you’ll take it at a younger age, your monthly payment will be smaller than if you had waited, but…
There is usually a long preclinical phase to Alzheimer’s disease, which gradually worsens over time. Initial symptoms are often mistaken for normal aging and include problems with language, mood swings, disorientation, loss of motivation, poor self-care, and behavioral issues. There…
People seek effective estate planning strategies to minimize potential tax burdens and protect their assets. The qualified personal residence trust (QPRT) is a valuable tool in this area. This specialized trust enables individuals to transfer their primary residence or vacation…
Probate litigation occurs during the probate process, the legal process that administers a deceased individual’s estate. When someone passes away, their assets and debts must be settled and distributed according to their valid will or the applicable state laws of…
Currently, more than 51 million Americans are 65 years or older, and that number continues to rise. Medical and technological advancements allow seniors to live longer and better lives than ever before. The expanding needs of the US aging population…
As a spouse, you want to do everything in your power to keep your spouse healthy. But what happens if he or she suffers from dementia? A marriage with the potential to span years or decades becomes subject to enormous…
To overcome obstacles in senior health care, virtual care has become a standard in senior living and aging services. Virtual care techniques have been used for over a decade and have moved beyond infancy stages. Several top providers of senior…
Would you like to preserve your assets for your children or other loved ones while minimizing tax consequences at the same time? If so, a charitable trust could be a good tool for you to use. Charitable trusts provide individuals…
According to the Senior Safe Act, which became effective on May 24, 2018, financial institutions and regulators will be able to report instances of potential financial exploitation of senior citizens. Those who are covered by this law include financial institutions,…
Since 2006, the Pension Protection Act has been the only significant change in retirement legislation since the Setting Every Community Up for Retirement Enhancement Act (SECURE). The impact of the SECURE Act on some retirees, near-retirees, and their future beneficiaries…
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