Choosing Trustees for Special Needs Trusts: 5 Considerations
Posted On: January 23rd 2024
Choosing the right person to serve as trustee of a special needs trust (SNT) is a key task when creating such a trust. It may also prove to be one of the most challenging. Trustees are responsible for the following: This, in turn, helps ensure that the special needs trust’s beneficiary remain eligible for public benefits programs….
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ABLE Accounts in 2024: Save Up to $18,000 Annually
Posted On: January 19th 2024
For nearly a decade, people with disabilities have had the option to accumulate savings in a special tax-free account – without risking their means-tested public benefits. In 2024, the annual limit on how much money one can deposit into these savings vehicles, known as ABLE accounts, will rise, allowing individuals to add up to $18,000…
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How to Avoid 6 Common Challenges in Your Will or Trust
Posted On: June 27th 2023
Although you may have taken the time to create a well structed will or trust, there are some common challenges which may present themselves upon your passing. Disputes amongst beneficiaries can result in bitter family relations, costly court proceedings and financial devastation. The following are some proactive measures you can take to avoid common challenges…
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Aging in Place vs. Nursing Home Care: 5 Important Factors to Make the Right Choice
Posted On: May 25th 2023
A growing portion of the older population wants to stay in their homes as long as possible. This is known as “aging in place” and has several benefits when it is appropriate for the individual. However, there are some other care concerns to consider when deciding whether someone is at the point of needing additional…
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Easing the Stress of Being a Sandwich Generation Caregiver
Posted On: May 17th 2023
According to a 2021 survey conducted by the Pew Research Center, nearly a quarter of U.S. parents find themselves struggling as part of the “sandwich generation,” those who are caught in a squeeze as they tackle caring for both their own parents and their children. Being a multigenerational caregiver can be a financial, logistical, and…
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How to Protect the Legacy of Your Vacation Home
Posted On: February 1st 2023
For generations, the children in your family have learned to swim by jumping off of the dock of your family’s vacation home.
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Planning For Long-Term Care: Medicare v. Medicaid
Posted On: January 23rd 2023
Both Medicare and Medicaid can assist you with your individual long-term care plan. While the two programs sound similar, there are important differences to consider.
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Estate Planning for Second Marriages
Posted On: January 16th 2023
Second marriages can present unique challenges regarding estate planning, particularly if you or your new spouse have children from previous marriages.
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Sentimental Assets and Your Will: Understanding When Someone Can Challenge Your Wishes
Posted On: January 9th 2023
Sentimental Assets and Your Will: Understanding When Someone Can Challenge Your Wishes
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Myths and Misconceptions about Retirement Planning
Posted On: December 22nd 2022
Numerous studies have shown that Americans’ greatest fear regarding retirement is running out of money. Even so, myths abound about planning for retirement.
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