Creating a list of digital accounts and instructions on how to gain access to them is now akin to having a traditional will or a trust in estate planning.
These are among the things an estate attorney can help you with planning. That’s why it’s essential to ensure you have one by your side, if you’re leaving an inheritance behind.
The pandemic was a catalyst for digital health adoption, including in the senior care space. Older adults used video calls to connect with families during lockdowns, and telehealth allowed seniors to meet with their doctors from home. Today’s seniors are more tech savvy than in the past, and this is likely to impact the way they interact with healthcare going forward.
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
Several types of special income trusts and other strategies can be helpful, when trying to protect your family’s assets from the devastating costs of long-term care.
Insurance claims can be made at any time, even years after the death of the policy holder.
Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in, unless an estate exceeds $11.7 million. The Biden administration has proposed lowering the exemption, but even that proposal wouldn’t affect estates valued at less than about $6 million.
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
The medical alert system allows access to medical help for senior citizens in case of any life-threatening medical emergency. It is also suitable for people living with a disability or life-threatening condition.
Tax obligations continue on despite the passing of a loved one, and in some cases, come about because of it. Tax deadlines pose a challenge for grieving families.