Sara Reedy

If you have more than one child, you’ve probably wondered if you should leave each of your children the same amount in your will or trust. While this seems like the best approach in most situations, there are some instances where it might not be the wisest strategy, or even the fairest. Factors you might want to consider include: One child earns considerably more than your other children One child has several children of his or her own, while another child does not One of your children...

The 2023 United States Census indicated that 49 percent of women over the age of 65 were not married. The figure for men over 65 was 21 percent. There are many reasons for this, of course, including divorce, the death of a spouse and changes in the way couples today view marriage. However, one thing unmarried people seem to have in common is that their planning needs can be quite different from those of married couples. And, according to an article in the Wall Street Journal, many singles are...

For many families, planning for the future means more than just wills and trusts—it also involves preparing for the rising costs of long-term care. Medicaid, the government program designed to assist with healthcare costs for those with limited financial resources, plays a critical role in covering long-term care expenses. However, many individuals are surprised to learn that qualifying for Medicaid often requires careful estate planning. With Medicaid making headlines lately, let’s explore...