Most people are familiar with the idea of using estate planning as a way of determining what happens after they pass away, but there are also benefits to planning ahead for possible incapacity. Thinking about this could be critical for setting aside instructions for personal care and determining who can help manage your assets in […]

With more than 47.5 million individuals affected by dementia worldwide and 7.7 million new cases annually, research is targeting ways to prevent or limit the impacts of the disease. Researchers in Finland believe they have identified four ways to stave off the mental decline that is becoming more common with older age.  The study involved […]

If you are concerned about an individual growing older, such as a parent, long term care insurance can provide a lot of benefits in addition to your peace of mind. Long term care insurance, when purchased at the right time, can safeguard against the skyrocketing costs of a long term care event. Long term care […]

For 2015 Medicaid applicants, the following financial limitations and exclusions apply: Community Spouse Resource Allowance: $119,220 This is the amount of countable resources the “at-home” Spouse or Community Spouse at home can keep. This is in addition to other exemptions that the Mississippi division of Medicaid recognizes. Allowance for an Individual Applicant: $4,000 This is […]

How you think about your retirement has a big impact on the way you approach succession planning. There are two common misconceptions that business owners might have about retirement, both of which can throw off the purposes of your business succession planning.  First of all, let go of any ideas that you have where you […]

It’s been said time and again that you should evaluate your documents and estate plans on an annual basis. Of course, this is good practice. You should keep these things in mind when scheduling your annual appointment with your estate planning attorney. Step 1: Review Your Life Insurance or Purchase It Does your life insurance […]

You may have personal and sentimental collectibles that you have cherished for a long time, but your family members may not feel the same way about this one. It’s all too common that an individual inherits a family member’s collection of items and feels unsure about what to do with these collectibles. Especially if your […]

Estate planning can be a complicated issue. It’s not something you should attempt without the help of a professional. There is more to it than drawing up a will. Today, I’d like to cover the five most common questions I receive regarding estate planning. The five most common questions Do I really need an estate […]

According to CNBC, the baby-boom generation and are approaching retirement has been a threat for decades. These days, however, it’s easy to see how the many individuals retiring on a daily basis is influencing our economy as a whole. Every month, more than 250,000 Americans reach age 65. Nearly 20% of this group reports that […]

Being a family business owner is often challenging and also rewarding. In this position, there are important questions you should answer about the future of your business. This is certainly true when it comes to passing on the business interests to the next generation with minimal tax impacts. A will, annual gifts, and trusts can […]