Too Old to Divorce?
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
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“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.
As family caregivers, we play many roles: scheduler, money manager, house cleaner, health aide, nurse, navigator, nurturer and more. Perhaps the most important role, though, is advocate, as we ensure the best life possible for our loved ones when they are vulnerable.
To make sure you have your own decision-makers prepared to speak for your medical decisions if you can’t, because you didn’t get your vaccine for Covid-19, or some other tragedy, please see an estate planning attorney and get your living will and advanced directive in place.
If you pass away without a will, state law generally decides who gets your assets and, if you have children, who will care for them.
Your legacy is what you leave behind: What people will remember about you and receive from your life? Legacy planning is about fostering your relationships and passing on what is most important to you for your loved ones.
Building enough wealth to sustain yourself in retirement is a monumental achievement. However, financial planning doesn’t end when you no longer rely on a paycheck.
Many people are taking this time at home during the COVID-19 crisis to update their estate plan. Here are six critical estate plan components you should focus on in light of the current pandemic.
The COVID-19 crisis isn’t just costing Americans their freedom and jobs; it’s also forcing millions to contemplate their own mortality.
“Don’t panic” has been a common refrain from government leaders, public health professionals, and across social media from well-meaning people trying to keep everyone calm during the coronavirus pandemic.