You may be able to switch your retirement benefits to disability benefits under certain circumstances. For example, if you become disabled after filing for retirement benefits early, you might be able to qualify for Social Security Disability Insurance (SSDI). If…
The living will is a legal document that describes your medical preferences if you can’t make those decisions for yourself. Incapacity can happen for many reasons, including an accident, an illness rendering you too sick to communicate, dementia, anesthesia, a…
Transferring assets, cash or property, without receiving anything of equal value is subject to gift tax. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual…
Special needs trusts are often established and funded by families caring for someone with special needs. It can provide peace of mind to improve a family member’s future quality of life without jeopardizing their eligibility for government benefits. However, families…
In 2050, there will be 458 million Americans, including 92.1 million over 65, according to the US Census Bureau. If these projections are accurate, seniors will constitute slightly over 20 percent of the population. By the year 2030, all of…
Larry King had seven wives and five children during his legendary talk show career. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight…
Legal guardianship over an adult is known as a conservatorship. Decisions and actions can be made on behalf of another (or several people). The conservator is the person(s) with the power to make decisions, and the conservatee is the adult…
Elder law deals with legal issues affecting older or disabled people. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement,…
The onset of dementia can lead to a loss of financial security due to the degeneration of your brain function. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings…
Housing options for seniors are undergoing exciting changes. In 2018 senior housing occupancy fell to an eight-year low, even as the senior population continues to increase, as competition for the younger baby boomer market is ramping up and forcing a…