Why Every Senior Should Have a Living Trust
Unfortunately, it is fairly common that seniors fall victim to financial scams. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members. That’s why it’s important that planning is in place to help seniors protect themselves and their assets.
Read More...How to Protect Your Business from Lawsuits
Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a loop. You have survived plenty of bumps in the road and emerged stronger than ever. But are you prepared for the financial hit—not to mention the stress...
Read More...Which Tax Records Should You Keep and For How Long?
Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every day at the IRS, and the tax agency is always reviewing the information taxpayers and business owners have provided.
Read More...Legal Representatives Require Careful Consideration
The coronavirus pandemic made us realize that life is precious and uncertain. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted love ones to make decisions for their well-being while they were incapacitated. Family caregivers are generally given the task of some medical and financial coordination on your behalf. They will operate on your behalf most effectively with...
Read More...How Sleep Patterns Change as We Age
We often hear - “I did not sleep well at all last night” from family or friends. Or perhaps "I kept waking up with my mind racing and couldn't fall back to sleep." Sleep patterns tend to change, and that is perfectly normal as we grow older. Research shows that older adults may require less sleep than in younger years as they typically experience decreased physical activity.
Read More...How Does a Special Needs Trust Work?
A trust is set up to manage a person’s assets and property, and this trust is overseen by an appointed person. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility of making decisions in the best interest of the person who benefits from the trust, known as the beneficiary. Trusts are advantageous because they provide the ability to place conditions on how and when your assets will be...
Read More...Rethinking the Role Role Life Insurance Plays in Your Estate and Financial Planning
If you hold assets in a retirement account, you need to review your financial plan and estate plan as soon as possible to determine if investing in life insurance or some other strategy may offer tax-saving benefits for you and your family. To help you with this process, here we’ll discuss how these new developments might affect the taxes owed by you and your heirs, and how investing in life insurance may help offset the tax impact of these new...
Read More...Could You Lose Your Right to Vote in a Guardianship?
Your right to vote is one of the most important rights you have as a citizen, but this right could be lost if you become a ward in a guardianship. Having a strong power of attorney is essential to avoid that drastic, but little-known, consequence.
Read More...The Sandwich Generation – Stuck in the Middle
Do you find yourself working, caring for your own kids and spouse, your parents, and yourself? That makes you part of the Sandwich Generation. You are not alone—almost half of America’s 40- and 50-year old's are in the same boat.
Read More...Key Things to Look for in a Tax Relief Firm
No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to increase and one of them could land in your mailbox.
Read More...