New Tools Help Document Care Wishes for Advanced-Stage Dementia

Karen Gallant, 72, of Soquel, Calif., has seen Alzheimer’s disease up close. Her sister, Coille Hooven, 80, is in an advanced stage of dementia. This has led Gallant to consider the complexities of what she’d want for herself or her husband, if one of … Continue reading

The Heightened Importance of Advance Care Planning Now

Amid the chaos and constant news coverage surrounding the coronavirus lies an underlying fear of death and the realization that life is fleeting. Only 10% to 20% of people die suddenly and unexpectedly, though. More often, death is a process of gradual… Continue reading

When Advance Directives Are a False Sense of Security

(This article appeared previously in Kaiser Health News.) When she worked on the trading floor of the Chicago Board Options Exchange, long before cellphone calculators, Susan Saran could perform complex math problems in her head. Years later, as one of… Continue reading

How to Find a Good Estate Planner

Estate planning is a critical part of financial planning, but something many Americans procrastinate about. Yet drafting a will and a health care proxy or power of attorney, maybe creating a trust, and maximizing your loved ones’ inheritances by minimi… Continue reading

The Legal Dangers of Living Together

For couples over 50, living together has a lot of appeal and is on the rise. In fact, the number of unmarried couples who are 50+ shot up 75% between 2007 and 2016, according to the U.S. Census Bureau. One likely reason: many have experienced at least … Continue reading

Having ‘The Talk’ With Your Parents About Their Finances

Cameron Huddleston, author of the smart new book Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances, remembers the birds-and-the-bees talk she had as a child with her mother. Huddleston says she’d g… Continue reading

Best Ways to Prepare for Life’s Big Financial ‘What-Ifs’

The world turned upside down 10 years ago for Chanel Reynolds, a Seattle-based digital strategist, when her husband José Hernando, then 43, died in the hospital, a week after a bicycle accident. But the tumult involved far more than becoming a widow wi… Continue reading

The Problems With Do-It-Yourself Online Wills

As a professional trustee and executor, I have seen hundreds of estate-planning documents, including some from do-it-yourself online services. I appreciate that using a DIY site to draft a will can save money and time. But I’m also concerned that somet… Continue reading

Leaving a Legacy No Matter How Much Money You Have

Leaving a legacy — sounds like something only wealthy people can do, right? Like making a giant bequest to a university or passing on a significant estate to your children. Actually, though, a new Bank of America Merrill Lynch/Age Wave survey and the n… Continue reading