One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Depending on location and level of care, nursing homes cost between $80,000 and $150,000 a year. Most people end up paying […]
read moreA new study from Fidelity Investments claims that “today’s 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses.” The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to […]
read more“Do I need a trust?” This is a common question posed by clients, especially regarding a revocable trust. Clients are often surprised to learn that few persons need a trust in their estate plan. Circumstances do arise that require a trust, but often clients asking this question do not need a trust. The client may […]
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