If you are approaching the estate planning process, there are a number of different topics that you need to take into consideration, such as finding the most practical type of estate plan and deciding how to divide your assets among beneficiaries. If you have...
Month: July 2022
3 events that spur people to write a will
If you do not have an estate plan yet, you are not alone. According to Gallup News, only 46% of adults have a will. Younger people are less likely to have one than older people. Only 20% of people age 18 to 29 years old and 36% of people 30 to 49 years old have a...
Why you need to plan for long-term care
Most people will need long-term care at some point in their lives. The older you get, the more likely you are to contract cancer or Alzheimer's disease. You could also have a stroke or arthritis. About 70 percent of those who are 65 or older will eventually need...
People of all ages need powers of attorney and advance directives
A serious accident or unexpected illness can strike anyone at any time, regardless of age. If you should become incapacitated and unable to speak for yourself, who would take charge of your healthcare needs or financial affairs? The advance directive An advance...
Planning for the potential of estate taxes
Most prospective clients who come to us here at Enea, Scanlan & Sirignano, LLP expecting that there are some expenses relative to their estate plans that they cannot avoid. Estate taxes typically rank among these. Yet will one's estate inevitably face an estate...
3 Common challenges of funeral planning
Having to plan a funeral for a loved one is an emotional experience. Family members are often unprepared for this responsibility. Funeral planning contributes to the stress and sorrow of a loved one’s passing, and it can exacerbate family relationships that were...
Understanding the three types of special needs trusts
If you are caring for someone you love with special needs, you may consider how a trust can help at some point. The purpose of a trust established for someone with special needs is to manage assets outside of the government benefits he or she receives. There are three...
3 tips for talking with your aging parents about medical planning
It is often difficult to think about a time when your parents can no longer care for themselves in a way that keeps them healthy, especially when they gave so much time and love to raise you. The National Institute on Aging notes that many older individuals fail to...
