Focus on goals, not documents, when developing your estate plan

A common pitfall in DIY estate planning is focusing solely on obtaining documents. Checking items off a list – Medical Power of Attorney, done, will, done, can work in certain situations. However, in nearly every context, it is far better to consider the individual’s...

Inherited retirement funds can be a win-win for beneficiaries

For many people, the largest assets they own are their homes and their retirement funds. As such, it makes sense to pay special attention to those assets when developing an estate plan. This post will discuss options available to transfer retirement funds at death....

Pack a plan for students heading to college

There is so much to prepare and pack before a child leaves for his or her first semester of college. Arguably, in the excitement of the preparation, many families overlook one of the most critical pieces of the plan – which is the answer to the question: what do we do...

Possible changes coming to Long-Term Care Medicaid eligibility

Many people do not want to think of the possibility of requiring long-term care at some point in the future. They do not want to think about not being able to take care of themselves or can be concerned about becoming a burden on family members. While it is natural to...

Federal spending on seniors will hit 50% mark in next decade

By 2019, the Federal Government estimates that it will spend approximately half of the federal budget on seniors – mostly on Social Security and Medicare. To put that number into perspective, last year, the government spent approximately 40% of the budget on seniors,...