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The Cost of Long-Term Care

Based on findings from the US Department of Health and Human Services, almost seventy percent of retirees in America will need some type of long-term care (LTC), with average annual costs for such services ranging between $53,768 and $105,850, according…

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Considering Your Parent’s Financial Future

Waiting to discuss finances with your aging parent, who may be in cognitive decline, is a mistake, according to financial experts. Gathering all the information necessary for a thorough financial assessment of their aging needs will take time. When your…

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Irrevocably Disinheriting a Child

When it comes to inheriting property or money, most parents treat their children equally. However, sometimes parents choose not to leave anything to their children, and the reasons for doing so may vary. Parents might not feel the need to…

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Fiduciary Responsibility

You may be asked to be power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated,…

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