Buying a home after age 65 involves unique considerations whether you want to relocate or downsize. Understanding common concerns can help you make the right decision. Evaluate important factors for senior home buyers for a smooth transition into this new phase of...
Making a caregiver agreement comply with Medicaid
Caring for an aging or infirm loved one can go on for many years, so you may forego opportunities to earn money so you can provide care. This is why some families create a personal caregiver agreement to compensate a relative for the services provided. The problem is...
4 trending scams aimed at older adults
As technology advances, so do the tactics of scammers seeking to exploit vulnerable populations. Unfortunately, one group that often falls prey to these schemes is the elderly. Seniors, with their limited exposure to the digital world, become easy targets for cunning...
Key parts of an estate plan
Planning for the future is important, and creating a comprehensive estate plan is an important aspect of that preparation. An estate plan ensures that your wishes are honored and your assets are distributed according to your preferences. Last will and testament Did...
When should adult children not take over a family business?
Many small business owners put aside making hard decisions, such as who to designate as a successor. In fact, an Exit Planning Institute survey found that 83% of businesses do not even have a written transition plan. If you want to name a successor, you might be...
What are some commonly missed steps in estate planning?
Estate planning is a process that makes sure your loved ones get certain assets according to your wishes after you are gone. However, you may inadvertently overlook key components when crafting your estate plans. Understanding these commonly missed steps can help you...
Pitfalls to avoid when it comes to Medicaid planning
Medicaid planning is a complex and often necessary process for individuals seeking assistance with long-term healthcare costs. One of the common issues is meeting the income requirements. According to Benefits.gov the income limit as of 2023 for Medicaid for a single...
Is escrow always necessary in Delaware?
Escrow is a term often associated with real estate transactions, where a neutral third party holds funds, documents and other assets related to the transaction until meeting certain conditions. While escrow is widely used in real estate transactions, it is important...
What makes it challenging to buy a home from a relative?
Some people looking for a home in their retirement years buy a property from a child or another relative. This may seem like an easier choice than purchasing a house from a total stranger. However, a real estate transaction with a family member could prove difficult....
4 tips for long-term care planning
When it comes to securing your future, long-term care planning is one aspect that often goes overlooked. Taking proactive steps to prepare for the possibility of needing extended care in your later years can provide peace of mind and financial security. 1. Start early...
