Are you a senior who is contemplating adding an adult child to your bank account to help manage your finances?Having an adult child on your bank account can make financial management easier. It may seem like an easy solution for getting assistance with bill payments, but it’s crucial to weigh the pros and cons before […]

Estate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth distribution of assets in the event of a divorce or separation. In this […]

Emotional support animals (ESAs) are pets prescribed by a licensed mental health professional for those with disabling mental illness. Children with a variety of mental disabilities could benefit from emotional support animals. While emotional support animals are commonly cats and dogs, any animal can serve in this capacity, such as a bird, rabbit, or reptile. […]

Per an announcement from the United States Department of Health and Human Services (DHHS), the federal Public Health Emergency created in response to the COVID-19 pandemic ended in May 2023. With the end of this Public Health Emergency (PHE) comes a number of shifts in policy that may specifically impact U.S. military veterans. The Public […]

Children with disabilities need a high level of care, which can be difficult considering that over 2 million health care jobs are unfilled. A recent study in Colorado showed that hiring family members as certified nursing assistants (CNAs) can be an effective way to provide consistent care for children with disabilities. Children with disabilities need […]

A trust is a legal document that you can set up to give assets to someone else. Trusts can be revocable or irrevocable. If you (the grantor) choose to create a revocable trust, you can modify it at any point during your lifetime. With irrevocable trusts, however, you generally cannot make any changes once you […]

If you have a child with special needs, you may be tempted to assume that if something happens to you or your partner, your other children will take care of their sibling. However, it’s important to take the time now to create a legal plan for your child so that they are always protected no […]

If you are in the hospital, you may want your loved ones to be able to access information about your prognosis. However, if you have not authorized them to receive specifics regarding your medical condition, they could be denied these details. HIPAA authorizes the release of medical information to the patient and the person(s) designated […]

When people pass away, they leave behind assets, property, and possessions that can have sentimental and real value for surviving family members and loved ones. Everything that an individual owns upon their death is known as their estate. According to Estate Exec, the average size of an estate is between $50,000 and $250,000. Eleven percent […]

A trust is a valuable estate planning tool that offers flexibility and control over the distribution of your assets. One essential aspect of managing a trust is opening a bank account in its name. This article will explore the key factors to consider when opening a trust bank account, including the required documentation, account types, […]