Social Security Changes Coming 2021

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

Aging in Place Tools and Technology for Seniors and Caregivers

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

Should I Add My Kids to My Bank Account?

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

Alzheimer’s Disease and What to Know for Your Estate Plan

Did you know that there are over 400 different types of dementia? The number of different types is staggering but the most common cause of dementia is due to Alzheimer’s disease. At least, that’s what the Alzheimer’s Association‘s published 2020 Facts and Figures reports. Other relatively Continue reading

When It’s Time To Designate a Power of Attorney

One of the biggest questions we may ask ourselves is who should we trust to manage our financial and healthcare decisions when we no longer have capacity to do so ourselves. This is a tough question for some because designating a power of attorney (POA) is a decision of trust, something Continue reading

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