Execute a Durable Power of Attorney Before It’s Too Late
Takeaways A durable power of attorney can prove critical if you ever lose the ability to manage your own affairs. You must have legal capacity to execute a power of attorney, so it’s important to do it before it’s too late. If you do not have this legal document in...
Affordability, Elder Financial Abuse, and Estate Planning
Takeaways The current affordability crisis is pressuring younger generations to seek early access to older adults’ wealth. This economic pressure is increasing financial elder abuse within families, threatening seniors’ financial security. Americans don’t agree on...
Protecting Loved Ones From Funeral Debt
Takeaways The median cost of a funeral (viewing and burial) is over $8,000 in the United States and over $6,000 for cremation, according to 2023 data. A recent survey revealed a sharp increase in funeral-related debt, with 37 percent of Americans taking on debt to...
8 Estate Planning Myths Debunked
Takeaways Estate planning is crucial for everyone, regardless of age or wealth, to protect your family, money, property, and wishes. Many common myths about estate planning can lead to significant problems. Consult a professional and regularly update your plan to...