It is estimated that three out of four Americans over the age of 50 plan on aging in place according to AARP. These seniors are willing to employ alternative solutions to make it happen. The alternatives include home sharing (32%),… Read more »
Month: August 2023
What You Need to Know About Appointing a Power of Attorney
In the event that you become incapacitated in some manner, you should plan ahead and appoint a trusted agent to take care of your affairs on your behalf. These legal documents can grant broad authority to one or more power… Read more »
A Guide for Understanding Grantor-Retained Income Trusts
A wealth transfer or estate planning strategy may include strategies that preserve assets while providing financial benefits to those who inherit them. One such strategy is the grantor-retained income trust (GRIT). GRITs offer a unique opportunity for individuals to retain… Read more »
Minimizing Tax Liabilities and Managing Family Wealth
For high-net-worth families, many legal strategies are employed to preserve wealth and minimize taxes. However, tax laws continually change and can impact new and existing estate plans. For example, the SECURE and SECURE 2.0 Act presents some challenges and opportunities… Read more »
The Complete Guide to Continuing Care Retirement Communities
In recent years, aging Americans have become increasingly interested in continuing care retirement communities (CCRCs) or life plan communities. These senior living communities offer the array of care options necessary for aging adults to move through the stages of independent,… Read more »