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What To Do When A Parent’s Health Is Failing

March 26, 2020

What To Do When A Parent’s Health Is Failing When you’re contemplating your old age — or caring for someone who is elderly — you first have to focus on three key items: Taking care of oneself and one’s possessions. To whom do you wish to leave a particular possession? Ensure that you have a […]

Should You Establish Payable-on-Death Accounts?

March 23, 2020

Should You Establish Payable-on-Death Accounts? Payable-on-death accounts are a type of bank account that, at the owner’s death, lets the money remaining to pass directly to the beneficiaries named by the account owner. They offer an easy way to keep money out of probate. What’s needed? Just properly notify your bank how you want to […]

Medicare and Medicaid: What’s the Difference?

March 12, 2020

Medicare and Medicaid: What’s the Difference? Medicare, which is a Social Security benefit, is available to all American citizens 65 and older no matter what their income. In some instances, people under 65 with certain disabilities are also covered. It consists of four parts: Part A — basic hospital, post-hospital nursing home care and home […]

When You Have Minor Children but no Will

March 10, 2020

When You Have Minor Children but no Will It is essential that you plan for your minor child’s welfare in the event of your death. This is especially true if you are in the process of getting divorced, or are already divorced. There are two areas in which plans must be made for your minor […]

Wills vs. Trusts: Which One is Best?

March 5, 2020

Wills vs. Trusts: Which One Is Best? You may be wondering whether to use a will or trust in passing along your assets. There’s a common belief that using a trust can give you a break on estate taxes, but it’s not necessarily the case. What are the significant differences between wills and trusts that […]