A credit shelter trust is used to help married couples with significant assets pass their estates after their deaths to children or other beneficiaries without incurring estate taxes.
The conservator is court appointed and may be responsible for financial decisions, such as retirement planning, the purchase or sale of property and the movement of any other financial assets.
Learn about two common senior living types—assisting living and memory care—and how to determine the best care for your elderly parent or spouse.
Older adults have been hit hard. 95% of all coronavirus deaths in the U.S. involved a patient who was at least 50 years old, according to data from the Centers for Disease Control and Prevention. Older adults are also more likely to suffer from the virus’s lasting effects, commonly known as long COVID.
Increasingly, financial advisors are working with clients from nontraditional families, which can sometimes require different or additional strategies to protect their assets and achieve their financial goals.