When to Fire a Trustee
Takeaways A trustee is a crucial position with significant responsibilities, and while they are chosen for their trustworthiness, they can be removed if they fail
A Creative Way to Craft Your Estate Planning Legacy
Takeaways Estate planning isn’t just for the ultra-rich; trusts are valuable tools for anyone looking to structure wealth transfer, protect assets, and minimize conflict, regardless
What Is the Generation-Skipping Transfer Tax?
Takeaways The generation-skipping transfer (GST) tax applies primarily to very large estates that transfer wealth to grandchildren (or unrelated individuals 37.5+ years younger), ensuring at
Jump-Starting Savings With Trump Accounts
Takeaways Through Trump Accounts, the federal government will provide a one-time seed contribution of $1,000 for eligible American children born between January 2025 through December
How to Prevent Long-Term Care Insurance Claim Denials
Takeaways Understanding your long-term care insurance policy and its specific requirements (benefit triggers, covered services, elimination periods) is crucial to preventing claim denials. Common reasons
Potential Changes to SSDI Benefits May Affect Older Adults
Takeaways Potential changes to Social Security Disability Insurance (SSDI) rules, especially those concerning age-based accommodations, could make it harder for older workers (over age 50)
2027 Will Bring Lower Prices for 15 Medicare Part D Drugs
Takeaways Lower prescription drug prices will begin in 2027. The cost of 15 high-priced Medicare Part D drugs, used to treat conditions such as cancer
Some Older Adults May Qualify for a New $6,000 Tax Break
Takeaways A new, temporary federal tax deduction of up to $6,000 is available annually for taxpayers age 65 and older from 2025 through 2028. This
Some Older Adults May Qualify for a New $6,000 Tax Break
As of the 2025 tax year, many older Americans may realize a new tax benefit thanks to a provision in the One Big Beautiful Bill Act.
Your Unpaid Medical Debt Won’t Be Erased From Credit Reports
Takeaways A recent federal court ruling reversed a rule that would have removed medical debt from credit reports, meaning this debt can continue to negatively
