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Is Disinheriting your Child a Mistake?

It’s more often than not that parents chose to treat their children equally when distributing their inheritance. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could…

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Living Trusts Can Be Helpful For Seniors

Sadly, the elderly is often taken advantage of by strangers — and sometimes even their own family members. It’s an unfortunate fact that seniors can be prime targets for financial abuse and scams. That’s why it’s important that planning is…

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Bankruptcy Is On The Rise With Aging Americans

Many retired and aging Americans' golden years are turning into bankruptcy red. 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…

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Drug Abuse Among Seniors

As a whole, many seniors are from a generation that still scorn drug abuse and stigmatize those people who engage in such activities. However, as the baby boomer numbers increase in senior living environments, they bring with them a more…

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What to Know to Understand Gift Taxes

The gift tax is a tax on the transfer of assets, cash, or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under…

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Retirement Planning is Changing

In places like France, proposals to raise the retirement age are met with street protests. Yet around the world, the retirement age is creeping up; in the United States, it is moving up from 65 to 67. In fact, 2019…

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