Legal & Accounting

Now or Later? Should You Give Your Adult Children Their Inheritance Today?

December 6, 2013

By Savannah Summers You’ve been prudent. You’ve faithfully squirreled away your money, building up a substantial nest egg for retirement. As you watch your adult children live out their lives, you find yourself wondering: Should I give large parts of retirement funds to my children while I’m alive so I can observe their enjoyment, or […]

What Every Person Over 50 Should Know About Wills

November 21, 2013

By Savannah Summers When is the last time you reviewed your will? Do you have a will at all? It’s important to have a formal last will and testament drawn up even if you are healthy—after all, most of us will not get advance warning when it’s time to go. Having a will makes it […]

Prenuptial Agreements – Not only for the rich

September 11, 2013

By Melanie Marren With so many people remarrying in their late 40’s and early 50’s, the concept of a prenuptial agreement is gaining in popularity. There was a time when this form of contract was frowned upon, looked at as an anticipation of the failure to come, but today more people are open to the […]

Are You On the Hook for Mom’s Nursing Home Bill

May 19, 2013

By Howard Dall Thought you were immune from your parents’ debts? Not so fast. Twenty-nine states have “filial support” laws that could be used to go after patients’ adult children for unpaid long-term-care bills. In at least one of those states, Pennsylvania, nursing homes have started routinely using the law to prod families into paying […]

Taking Your Lumps Or Not

May 19, 2013

By Howard Dall So you have retired, adjusted to getting a monthly pension and think you have your finances in order. Then your former employer asks if you want to trade that check for a big chunk of money. That is what happened to 42,000 General Motors retirees on June 1. “You think everything is […]

Making the Decision About Life Support Machines

May 19, 2013

Update Date: 4/4/2012 Updated by: David C. Dugdale, III, MD, Professor of Medicine, Division of General Medicine, Department of Medicine, University of Washington School of Medicine. Also reviewed by David Zieve, MD, MHA, Medical Director, A.D.A.M. Health Solutions, Ebix, Inc. Sometimes after injury or a long illness, the primary organs of the body no longer […]