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It’s no secret the baby boomers are getting older, which means there has been a dramatic increase in the need for affordable long-term support services in America. Costs for long-term senior care are getting increasingly expensive, and many families are wondering what to do and how Continue reading
Generational wealth is commonly referred to as the assets and money passed down from one generation to another. These assets might include bonds, stocks, properties, jewelry, family businesses, and other investments. With our aging population, and what is known as “the silver tsunami,” Continue reading
For so many of us, pets are part of the family. Their wellbeing and happiness are important, and we want to make sure they are taken care of in case something bad should happen. Whether you have a dog, cat, bird, horse, or even more exotic pets such as a snake or lizard, the best Continue reading
Larry King, the legendary talk-show host, lived a long and successful life. He hosted “Larry King Live” for over 25 years, married seven women, and had five children. Despite many years of health problems, he died at the old age of 87 on January 23, 2021. While the exact cause of Continue reading
After the death of a loved one, how they prepared and what estate planning they did becomes apparent quickly. When a loved one dies with a will, the family may or may not be happy with what winds up being on the will. They will typically go through a court-ordered process, called Continue reading
Every October, the Social Security Administration (SSA) publishes upcoming changes to its social security program. The social security program is dynamic and impacts nearly 65 million people as of 2020. In 2021, social security payments will grow by 1.3% and the changes made will Continue reading
National Estate Planning Awareness Week was first established in 2008 to help the public gain a better understanding of the importance of estate planning. Estate planning is one of those things that everybody needs to do, yet only approximately half of Americans have an up-to-date Continue reading
Whether you are young or old, COVID-19 has us all thinking about our mortality and health more these days. This pandemic took us all by surprise, did you have your affairs in order before? According to one study, approximately 1/3 of all Americans did not have an up-to-date estate Continue reading
Technology is central to 21st century life in America. It’s also becoming surprisingly popular among senior populations as tech companies target this growing market demographic. By 2030, AARP projects that close to 132 million Americans aged 50 or more will spend more than $84 billion Continue reading
Many clients walk into the Michaelson & Associates law firm saying that they want to leave their bank accounts to their children after death. The easiest solution might be to just make the children joint owners, but that is not always the best course of action.
The idea of making Continue reading