Mom is aging and needs lots of care but has limited resources. The family is looking for a way to cut her unneeded expenses while meeting her needs. One expense that families consider cutting is a life insurance policy. After all, most of us purchase life insurance to pay for living expenses of a family, […]
In November, National Family Caregivers Month, we celebrate the valuable role that family caregivers play. Recent data show that two out of every 5 adults are family caregivers. That means 39% of all adult Americans are caring for a loved one who is sick, disabled, or living with frailties of old age. For those whose […]
Revocable Trusts are familiar to anyone who has considered estate planning. Basically, the Settlor (person creating the Trust) retains complete control over the assets in the trust, can withdraw the principal for any reason, can change the beneficiaries, and can change the successor Trustees. The problem with a Revocable Trust is that whatever you […]