Living arrangements for aging Americans are decidedly leaning towards aging in place. Nearly all older adults prefer to age in the comfort of their long-time homes and familiar community surroundings. Aging in place often means living alone. Pew Research findings indicate that older people in the United States are more likely to live alone than in any other country worldwide. This preference for living solo, however, comes with hidden danger. Research from Science Times repo

HEMS stands for Health, Education, Maintenance, and Support. It is a standard often used in trusts to guide how and when trustees may distribute funds to beneficiaries. It is a foundational concept in estate planning that provides clarity for trustees, offers protection for beneficiaries, and carries essential tax implications.

When families think about estate planning, the focus often falls on who will inherit what. But just as important is how  assets are...

Many small business owners form a single-member LLC because it is simple, flexible, and provides personal liability protection. However, too often, they overlook one of the most important documents for their LLC: the Operating Agreement. Without an Operating Agreement, it is easier for someone to argue that your LLC is a “sham” or an “alter ego.” An operating agreement strengthens the shield that protects your personal savings, home, and other assets from business risks.

Money and property may be the most discussed types of wealth a person owns, but the riches of their experience and wisdom can mean even more to loved ones. Reinforcement of family traditions can be built into your estate plan alongside your wishes regarding the distribution of your money, property, and belongings. After all, what makes a family is its values and traditions—not the finances left behind.

Estate planning is opportunity to leave behind something far more valuable than money—your wisdom, values, and hopes for your loved ones.

Do not dwell on it, but as a good parent, consider what would happen if you and your child’s other parent were unable to care for them.

After your death, a letter of instruction will give your loved ones important information about personal and financial matters.

A letter of instruction is a valuable part of your estate plan and can help your loved ones manage important information about you.

Costly mistakes can be made when it comes to inheritances and Medicaid.