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Bankruptcy Rates Rise in Seniors

The golden years are turning into bankruptcy red for many retired and aging Americans. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income is a hallmark of senior living.  Older Americans are increasingly filing […]

Don’t Be the Person Without a Retirement Plan

A significant portion of Americans are saving nothing for retirement and very little in their day to day lives. While the unemployment rate is low and wages are seeing an increase the American worker is not saving enough of their income which will inevitably lead to shortfalls of operational cash during an unexpected crisis and […]

Coping with a Diagnosis of Dementia

Many elderly people who are diagnosed with dementia are unprepared for future care. Once this type of diagnosis is received, preparing for the future can no longer be avoided. If you or someone you love has received a dementia diagnosis, begin immediately to discuss and seek guidance for future care. For help in implementing the […]

What Is a Living Will, and How Does It Compare to a Standard Will?

One of the most crucial estate planning documents is a will, but there is also a legal document called a living will that is worth learning about. The Alatsas Law Firm can help you with both of these matters, and it is a good idea to have a basic understanding of what both documents entail […]

8 Types of Trusts You Can Establish with Estate Planning

There’s a misconception that estate planning is only for very wealthy individuals; however, essentially everyone can benefit from learning about how wills and trusts can carry out your wishes after your death. One valuable estate planning tool is trust, which is an arrangement in which a person gives property to another person to be held […]

Depression’s Link to Hearing Loss

The findings from a ten-year study by the Journal of the America Medical Association (JAMA) reports of a link between hearing loss and health risks. The risks include a 50 percent greater risk of dementia, a 40 percent greater risk of developing depression and nearly a 30 percent higher risk for unintended falls. Reuters Health […]

The Age of the Smart Personal Assistant

The smart personal assistant revolution is moving forward at a breakneck pace. It took approximately 30 years for the cellular telephone to begin outnumbering people on the planet, but smart personal assistants are projected to outnumber humans in half of that amount of time by 2021. The technology-research firm Canalys expects 100 million smart speakers […]

Seniors Should Be Mindful Before Marrying

When people marry for the second time (or more), losing assets to pay for their new spouse’s serious illness is probably the last thing on their minds when they say “I do.” But that could happen. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. Studies show that 70% of Americans […]

Draft a Powerful Power of Attorney

Powerful “power of attorney” (POA) documents are essential, if there ever comes a time when you or your elder become unable to manage your finances or make health-care decisions. Beware if you rely only on POAs that hospitals provide, or that you have pulled off the Internet, or that you have got from other attorneys […]

The Basics of Generation Skipping Tax and How It Affects Estate Planning

In many instances, money that is passed down from one generation to the next is taxed heavily by the federal government, which can feel like an unfair burden for heirs. However, there is a way around this in the world of estate planning because of something called the generation-skipping transfer tax. This article will explore […]