What is “Long-Term Care” and Who Needs It?
“Long-term care” refers to those services and supports that help persons perform everyday tasks and personal care needs. According to the U.S. Department of Health and Human Services 70% of people who reach age 65
Home Safety for Aging in Place: A Guide for Older Adults
Takeaways Aging in place involves making modifications to ensure safety, comfort, and accessibility for older adults. Home modifications, measures for preventing falls, and fire and carbon monoxide safety are crucial for creating a safer environment.
How to Avoid Capital Gains Income Tax
Generally, when you sell an asset, its appreciation in value from the time you acquired it is a “capital gain” on which you must pay federal and state income tax. Conversely, if the asset’s value
Wealth building with cryptocurrency: a generational divide
Takeaways Many older Americans shy away from cryptocurrencies as an investment vehicle for their retirement. Millennials and Gen Z also view cryptocurrencies as risky — but as a risk worth taking. We’re living in an
Per stirpes vs per capita: what do these mean in a will?
Takeaways “Per stirpes” and “per capita” are terms used in estate planning that refer to the distribution method for the assets of a deceased person to their heirs. The distinction can significantly affect how assets
How a poorly drafted trust undermined an estate and long-term care plan
Don and Marjorie Peterson put their home in what they thought was a Medicaid Asset Protection Trust. They named their daughter as trustee and their two grandchildren as “remainder” beneficiaries who would inherit the home
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