A divorcing couple must typically negotiate a property settlement agreement to divide assets. Retirement plan benefits are often among the most valuable marital assets to be divided, along with houses, cars, and bank accounts. The laws of your state will define which retirement benefits are community property assets that are subject to division.
It’s almost impossible to overstate the importance of taking the time to plan your estate. Nevertheless, it’s surprising how many American adults haven’t done so. You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates properly, considering the resources and lawyers presumably available to them. Yet there are plenty of celebrities and people of note who died with inadequate estate plans.
California has not had any kind of a statewide estate, gift, or generation-skipping transfer tax since prior to 2005, however, with the proposal of a new bill introduced by California State Senator Scott Wiener, that could all change.
Older Americans are turning to Medical Marijuana more than ever, but there may still be some legal complications.
Sometimes getting older means living on a fixed budget due to having less income and having higher medical bills, mortgages, and care giving needs. For this reason, seniors look for more ways to save money. Here are some discounts and that you may not be aware of.
An estate plan consists of numerous documents that compliment your living trust. If you are not familiar with your estate planning binder, it can be difficult and frustrating to figure out what each document is and what purpose it serves. Here is a quick description of the most common documents contained in your estate plan. If you are missing any of this paperwork, it is important to have your estate plan reviewed and updated.
A good estate plan typically includes a Health Directive where you appoint a trusted friend or family member to not only make medical decisions for you, but to also take care of how your remains are handled at your death.
You may think of video games as an activity for teenagers to pass the time; something for kids, but not really for adults. Did you know that more than 25% of gamers are over age 50, and over 40% are female? Today video games are for everyone, including seniors. There are a variety of games that assist with physical fitness and cognitive function. If you liked games as a child, then it’s just the case of finding the right game for you as an adult.
Now that new Medicare ID cards are being sent out, there are more opportunities for criminals to steal money and vital information from you. Ironically, the new Medicare cards, which are meant to reduce theft of social security numbers by replacing them with an 11-digit code, has opened the door for new scams against seniors.