Veteran Affairs (VA) will match the Social Security Administration’s cost of living adjustment (COLA), which is 8.7 percent in 2023. The VA disability monthly tax-free benefit is available to qualifying former military service members who sustained injury or illness during…
Frequently called a living will, an advance health care directive specifies what action you want medical professionals to take in the event that you are incapacitated. A living will is crucial for all adults because accidents or a sudden onset…
Americans over the age of 65 establish wills and estate plans at a faster rate than their younger counterparts. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71,…
Trusts set up for loved ones with disabilities are typically supervised by the grantor (the individual who creates and funds the trust). However, it is crucial to choose a successor trustee who will continue properly managing the SNT to benefit…
There is no one who wants to think they may be incapacitated by illness or trauma. It happens to people every day, unfortunately. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
Medicaid and inheritances are tricky areas to navigate, and mistakes can cost you a lot of money. When a person is drawing Medicaid benefits and inherits money or property, that inheritance jeopardizes the benefits. The inheritance must be handled carefully…
A parent who is aging may lose the ability to make informed and meaningful decisions about his or her future. This growing inability may occur due to Alzheimer’s disease, other forms of dementia, mental illness, stroke, brain injury, or other…