Blog

May 30, 2023

Using survey data from more than 8,000 adults aged 65 and older, researchers have identified eight social factors that may lead to early death in older adults. As part of the study, researchers from Massachusetts General Hospital and the University of California, San Francisco, developed a tool called the Social Frailty Index to examine factors that predict mortality, including age, gender, and medical conditions, as well as social characteristics.

May 22, 2023

Trusts can be useful tools to protect your assets, save on estate taxes, or set aside money for a family member. But before you commit to adding a trust to your estate plan, make sure you understand the differences between revocable (also called "living") and irrevocable trusts, because each offers advantages and disadvantages, depending on their purpose.

May 15, 2023

Know when to toilet train. Look for these two signs that your child is ready to use the potty: They sense the urge to pee and poop (this is different from knowing that they've already gone), and they ask for a diaper change.

May 8, 2023

As you begin the estate planning process, creating a trust is an excellent way to protect your assets and ensure their smooth transition to your loved ones. However, simply creating a trust is not enough. To ensure that your trust remains effective and meets your needs, it's essential to review it periodically.

May 2, 2023

Estate planning is one of the most important aspects of financial planning that ensures your assets are distributed according to your wishes after you pass away. While most people focus on creating a will, they often overlook the benefits of trusts. Trusts are a powerful estate planning tool that can offer several advantages and help you achieve your goals.

April 24, 2023

Many adult children wonder what their aging parents may need and how can they can help provide it for them. You may constantly worry about your parents or other older loved ones, especially if you live far away from them. You can, however, take some simple steps to ensure your parents are safe as they age.

April 18, 2023

When a loved one passes away, their estate may be distributed to their beneficiaries according to their last will and testament or trust. However, in some cases, family members or others may contest the validity of the trust, leading to a legal dispute known as a trust contest. In this article, we’ll take a closer look at trust contests and what you need to know if you find yourself involved in one.

April 10, 2023

A trustee is a person or entity that holds legal title to property for the benefit of another person or entity, known as the beneficiary. In this role, the trustee has a number of important duties and responsibilities, as well as potential liabilities if those duties are not fulfilled properly. In this article, we’ll take a closer look at trustee duties and liabilities.

April 4, 2023

Trust administration refers to the process of managing a trust after the death of its creator, also known as a trustor. A trust is a legal entity created by a trustor to hold and manage assets for designated beneficiaries. When a trustor passes away, the trust becomes irrevocable, and its assets are distributed according to the trust agreement. The trustee – the person or entity responsible for managing the trust – steps in to carry out the trustor's wishes.

March 27, 2023

When it comes to filing your 2022 federal tax return for the 2023 tax season, you may be able to access several forms of assistance for free.