In this country, there is a growing problem regarding a lack of supportive resources for family caregivers. There are government programs, charities and nonprofit organizations that might be able to help intermittently, but what caregivers often need most is sound advice, regular respite and an extra set of hands.
Estate Planning Blog – Surprenant, Beneski & Nunes
Four Reasons Estate Planning Is So Important
It seems like many people devote more time to planning a vacation, what car to buy or even where to eat dinner than they do deciding who will inherit their assets after they're gone. Sure, estate planning isn’t as fun to think about as booking a trip or checking out restaurant reviews....
AARP Article: The Sandwich Generation Feels the Caregiving Crunch
Caring for two people is more than twice as hard
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by Barry J. Jacobs, AARP
Carol had a big heart — sometimes too big, she thought. She was glad to run errands for her unmarried 82-year-old aunt who suffered from Parkinson's disease. But then her...
Forbes Article: Laid Off During the Pandemic: Should You Tap Into Social Security Early?
Ashlea Ebeling, Senior Contributor, Personal Finance
If you’re laid off in the COVID-19 economy and you’re an older adult, you might be wondering: Am I going to have to take Social Security earlier than I planned? How much will that reduce my monthly benefits in the long run? What...
Aging Care Article: How to Find Out If a Loved One Had a Will
Upon the death of a family member or friend, there are many details to see to in a short time. The emotions surrounding the loss make level-headed decisions difficult, and, once the funeral is over, there are many financial and legal tasks that must be dealt with. A letter of instruction can...
AARP Article: 5 Reasons Working From Home Benefits Older Workers — and Their Employers
by Kerry Hannon
Over the next several months, every company in America with workers who spend most of their time on a computer has a decision to make: Which of their employees — the vast majority of whom will have been successfully working from home since March — should...
ElderLaw Answers: Is It Legal for My Mother to Name Her Financial Advisor as a Beneficiary in Her Will?
Q: My mother named her financial adviser and his children as beneficiaries in her will. Is it legal for her attorney to allow this?
A: It is legal, but it raises red flags. In the United States, you can do whatever you want with your money: give it to...
4 Mistakes to Avoid When Designating a Beneficiary
When you open up a 401(k) or IRA account, you will be asked to designate the beneficiaries of your account. The beneficiaries you choose will receive the assets in the account upon your death. Many people choose their spouses or children as the beneficiaries of their 401(k) or IRA accounts. Most of...
How Does the CARES Act Impact RMDs in 2020?
Federal law requires individuals to take a required minimum distribution, or RMD, from their qualified retirement plans. The policy goal behind requiring people to take a certain amount of money out of their retirement accounts is so that the IRS can tax income. For example, every time a retiree takes an RMD...
3 Tips for Estate Planning During a Pandemic
The coronavirus pandemic has been a wakeup call for everyone. Many residents of Southeastern Massachusetts have seen their financial security disrupted. Others have realized that they are not prepared for long-term incapacity should they contract the coronavirus. The coronavirus pandemic has shown that estate planning isn’t just for older individuals or just...