Category: Asset Protection

Cautious approach the wisest when it comes to reverse mortgages

Although reverse mortgages hold out the possibility of financial stability for older Americans, it is best to exercise a good deal of caution when considering this option. It might not be the panacea some people believe the concept to be. “The very loans that are supposed to help seniors stay in their homes are in[...]

Protecting the Snowbird Estate

Many seniors do not think about how living in two states after retirement may impact their estate plans. A recent article discusses several ways that seniors who live in two states can protect their estate and ensure that their wishes will be carried out should they become incapacitated or pass away. Seniors must be sure[...]

Last Minute Gift Tax Exemption Planning for 2012

Unless you've been living under a rock, the news has been dominated by discussion of the fiscal cliff coming at the end of the year. One of the elements of the fiscal cliff includes a rollback of the estate tax laws to 2001 levels. That means there will be federal estate tax due when you[...]

Growing Number of Baby Boomers Opt-Out of Marriage

The traditional portrait of older Americans is changing. According to a recent article in The New York Times, the divorce rate among baby boomers has exploded to over 50 percent. This new trend will have a resounding impact on the lives of many older Americans. The baby boomers are very different from the generations that[...]