If you are wondering why you should have to concern yourself with incapacity planning you would do well to know a bit about Alzheimer's disease. This horrible disease is extremely destructive, and it is in fact the 6th leading cause of death in the United States. The Alzheimer's Association tells us that approximately four out of every ten individuals who are at least 85 years of age are suffering from the disease. Early onset is a problem as well, with 13% of people 65 and up being … [Read more...] about Alzheimer's: Gait May Provide Warning
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Living Trust is a Viable Option
When you think about "trust funds" you may immediately envision people who come from extraordinarily wealthy families. If you are in fact in possession of a significant store of financial resources you may well want to start a trust or trusts for the benefit of your loved ones. However, a living trust may be a viable option for you even if you would not consider yourself to be well-to-do. These trusts provide some advantages over the utilization of a last will, and you may find … [Read more...] about Living Trust is a Viable Option
Diminutive Pooch May Be Just What Doctor Ordered
When you look around the house as a senior citizen and find it empty day after day it can take a toll on you. People are generally social by nature, and loneliness can lead to depression. While you cannot turn back the hands of time you can remain positive and take steps that are within your control to improve your quality of life. One way of doing so would be to get yourself a dog. There are two objections that you could have as a senior citizen. The first one may … [Read more...] about Diminutive Pooch May Be Just What Doctor Ordered
Children, Wife of Shelby at Odds
The legendary race car driver and automobile designer Carroll Shelby passed away in May and the news reverberated sadly throughout the automotive community. Shelby was larger-than-life and though he left us at the age of 89, his legacy will persist into perpetuity in the form of his automotive masterpieces. Shelby left behind a widow named Cleo, who was his seventh wife. Cleo feels as though she is in possession of valid advance directives that give her the right to dispose of her … [Read more...] about Children, Wife of Shelby at Odds
Retirement Planning: Consider Tax Responsibilities
A lot of people have visions of Florida sunshine in mind when they think about retirement. Indeed, the mild weather is certainly part of the appeal of relocating to Florida after you put your working years behind you. There are however financial motivations to retire to Florida and other states that offer favorable environments to retirees. When you are living on a limited fixed income you have to stretch your dollars as far as they will go. Paying ever-increasing taxes is … [Read more...] about Retirement Planning: Consider Tax Responsibilities
Make Sure Your Estate Plan is Airtight
Some people buy into the idea that you can purchase generic legal documents online and plan your own estate. The the fact is that you can indeed pay the hefty charges, download the documents, and fill in the blanks. Whether or not they will actually be legally binding and ultimately uphold your true wishes is anyone's guess. It is important to have your estate plan constructed by an experienced professional so that there are no openings that can be utilized by disgruntled parties … [Read more...] about Make Sure Your Estate Plan is Airtight
Keep Your Plan Up-To-Date
Estate planning lawyers will tell you that even young adults should have a basic estate plan in place. Executing a vehicle of asset transfer along with the appropriate advance health care directives is a must for all responsible people. However, the estate plan that is appropriate for you when you land your first career position is not going to be sufficient as things in your life begins to change. The suggestion here is to be proactive about always keeping your estate plan … [Read more...] about Keep Your Plan Up-To-Date
Medicare Is Not Without Costs
It is never a good idea to assume anything as we have all been told, and there can indeed be consequences that go along with making false assumptions. This is something that can enter into the realm of retirement planning. Everyone who works pays into the Social Security and Medicare programs. As a result there are those who assume that these programs will provide them with a comfortable retirement. In truth, Social Security payouts are quite limited and Medicare does not … [Read more...] about Medicare Is Not Without Costs
Protect Your Resources For Succeeding Generations
You may have found yourself daydreaming from time to time about what you would do if you were ever to come into a large sum of money. The truth is that a visit to a good local Indianapolis estate planning lawyer should be near the top of your list. If you were to pass away without taking any steps to gain estate tax efficiency your loved ones could lose massive amounts of money when the federal estate tax is imposed. Of course some people accumulate significant financial resources … [Read more...] about Protect Your Resources For Succeeding Generations
Estate Tax Rate Raises Many Eyebrows
If you are unsure about your estate tax exposure you may not be all that concerned about the matter. If worse comes to worse your family members will have to pay a small percentage to the powers that be and it is really no big deal, right? The answer to this question depends upon your definition of a "small percentage." At the time of this writing the top rate of the federal estate tax is 35%. A lot of people would say that this is anything but a small percentage. … [Read more...] about Estate Tax Rate Raises Many Eyebrows
