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Estate planning entails preparing your affairs for the future. While older adults might give more thought to estate planning, it is an essential tool at any age.

When it comes to filing your 2022 federal tax return for the 2023 tax season, you may be able to access several forms of assistance for free.

Choosing an executor is a big decision when it comes to estate planning. Here are three common questions about executors.

Are you a taxpayer who has purchased long-term care insurance? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your 2023 income.

Assisted living facilities and nursing homes are long-term housing and care options for older adults. Although people sometimes use the terms assisted living and nursing home synonymously, they are distinct.

Powers of attorney can be overridden. However, the “who” and “how” depends on whether the principal is of sound mind.

If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously. As part of your decision-making, you may also consider the things they would be prohibited from doing.

Congress established the Medicaid Money Follows the Person (MFP) Program to provide states with federal funding to help seniors who are receiving care in institutions but want to live at home. 

If you are considering engaging in estate planning or you may be inheriting assets, it is important to understand what the step-up in basis is and how it may affect you.

“Decedent” is a legal term that refers to a person who has died with unsatisfied legal obligations.