Many seniors consider transferring assets for estate and long-term care planning purposes, or just to help out children and grandchildren. Gifts and transfers to a trust often make a lot of sense. They can save money in taxes and long-term care expenditures, and they can help out family members in need and serve as expressions of love and caring.
Parents want their children to be taken care of after they die. But children with
disabilities have increased financial and care needs, so ensuring their longterm
welfare can be tricky. Proper planning by parents is necessary to benefit
the child with a disability, including an adult child, as well as assist any siblings
who may be left with the caretaking...
Talking about estate planning is a difficult, emotional topic but it is essential
for every family.
Unless you’re certain your parents have an up-to-date will and a wider plan for
what should happen in the event of their passing, you shouldn’t assume
everything will be taken care of.
According to a 2017 survey, less than half of Americans...