What Is the Generation-Skipping Transfer Tax?
If you are leaving property to a grandchild, there is a tax you should know about. The generation-skipping transfer tax affects property passed to a grandchild in a will or trust.
New Long-Term Care Insurance Premium Deductions for 2026
Many people assume they will never need long-term care. However, nearly 70 percent of adults age 65 and over will require such services at some point in their later years. Long-term care insurance (LTCI) can help older adults afford the long-term care services they may one day need.
Planning for Low Affordability: Strategies for Homebuyers
As boomers live longer, spend more in retirement, and hold onto their homes, many younger adults are discovering that the inheritance they hoped would help level the playing field isn't coming, or will be far smaller and far later than expected. This widening intergenerational homeownership gap has consequences for Americans on both ends of the spectrum.
2026 Medicaid Long-Term Care Benefits When You Are Married
Medicaid permits the healthy spouses of Medicaid patients who need long-term care services to retain limited resources to keep them from becoming impoverished.
Affordability, Elder Financial Abuse, and Estate Planning
The 'affordability crisis' is fueling a surge in financial elder abuse, including 'inheritance impatience' and 'inheritance preservation' schemes. Pushed to their financial limits, adult children are asking parents to hand over their wealth early, or to stop spending it.
How Higher Medicare Costs Will Affect Older Adults in 2026
The Centers for Medicare & Medicaid Services (CMS) has announced the Medicare premiums and deductibles for 2026.
Execute a Durable Power of Attorney Before It’s Too Late
A durable power of attorney is an extremely important estate planning tool, but many people delay completing this vital estate planning step until it’s too late and they no longer are legally capable of doing it.
Avoid Disputes Between Your POA Agent and Health Care Proxy
A durable power of attorney and a health care proxy are two very important estate planning documents. Because the individuals chosen will have to coordinate your care, it is important to pick two people who will get along.
What Most People Don’t Know About Durable Powers of Attorney
A durable power of attorney is a legal document that allows a trusted individual to make financial or health care decisions on your behalf if you become unable to handle your own affairs.
How to Know When to Update Your Estate Plan
Updating your estate plan regularly helps ensure that your assets are distributed as you intend, your beneficiaries are properly provided for, and your chosen decision-makers are still able and willing to serve.