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Is Long-Term Health Care Insurance Right for You?

  • Is Long-Term Health Care Insurance Right for You?
    June 19, 2024

    Rosa is nearing her retirement and is contemplating her future health care needs. She’s come...

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  • High School Graduation: A Good Time for Financial Planning
    June 17, 2024

    Whether your child is graduating with their high school diploma or completing higher education, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them.

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  • Estate Planning With Dementia on the Rise
    June 17, 2024

    Although you may never have to deal with the challenges that arise with a dementia diagnosis, it is still vital that you complete your estate plan early, while you have the mental capacity legally required to make estate planning decisions and execute estate planning documents.

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  • How to Choose a Trustee
    June 12, 2024

    When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, buy and sell property, provide for your loved ones, and generally keep things organized and in good order.

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  • Financial Caregiving
    June 12, 2024

    We tend to only consider the physical aspect of caregiving: medication management, bathing, feeding, assistance with daily chores, etc. However, the financial aspect of caregiving, e.g., paying bills, handling banking, investment and insurance accounts, preparing and filing tax returns, is equally crucial.

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  • Execute a Power of Attorney Before It’s Too Late
    June 12, 2024

    A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases.

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  • Could Medicaid Payback Rules Come to an End?
    June 11, 2024

    Medicaid, a program providing health insurance for low-income Americans, has a controversial estate recovery component. When Medicaid recipients pass away, states attempt to recover the funds spent on their medical care. This can lead to devastating financial consequences for families, especially those with lower incomes. U.S. Rep. Jan Schakowsky introduced the Stop Unfair Medicaid Recoveries Act to end estate recovery, but its immediate progress remains uncertain.

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  • How to Deal With Your Inherited Home
    January 16, 2024

    Dealing with an inherited home is a complex subject, and there are several complicated issues to resolve. Additionally, it is not uncommon for a person selling an inherited home to have a sentimental attachment to the property, with the sale being the result of a recent death in the immediate family. This adds an emotionally overwhelming component to the transaction.

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  • When to Sell Your Home: Before or After Moving Into Senior Living?
    December 19, 2023

    For seniors considering a move into senior living communities, one critical decision revolves around the timing of selling their current home.

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  • Should I Sell My Parents’ Home Before or After They Move to Senior Living?
    December 19, 2023

    Being both a real estate professional and a senior resource specialist at LivWell Seniors, I often interact with families from diverse backgrounds, each facing unique circumstances. A common concern I encounter is the emotional challenge families face when contemplating selling a home filled with a lifetime of memories. For most seniors, leaving a home they've lived in for over 25 years is a heart-wrenching decision. So, how should one navigate this?

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