Too many of our nation’s senior citizens have suffered financial abuse from strangers, caregivers, and even their own family members. As a recent article explains, federal regulators at the Consumer Financial Protection Bureau have told banks that they can report suspected financial elder abuse to the authorities without violating privacy laws.
The announcement was intended to assist with a crackdown on financial elder abuse, which has reached epidemic proportions. The Government Accountability Office has recently reported that in 2010, financial elder abuse had cost America’s senior citizens $2.9 billion.
November 6, 2013 |
Too many of our nation’s senior citizens have suffered financial abuse from strangers, caregivers, and even their own family members. As a recent article explains, ...
Learn MoreNovember 5, 2013 |
Those who have substantial assets are often the targets of lawsuits. It is therefore vital that high net worth individuals and families practice asset protection ...
Learn MoreOctober 31, 2013 |
Life insurance is a simple concept. A person takes out a policy in order to provide funds to his or her loved ones upon his ...
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As a recent article explains, a majority of wealthier investors prefer to transfer money to their grandchildren through 529 college savings plans. In part, 529 ...
Learn MoreOctober 29, 2013 |
Often, grandparents who have extra money wish to assist their grandchildren financially. A recent article discusses three ways through which grandparents can give to their ...
Learn MoreOctober 24, 2013 |
One tool for those looking to spend down their assets in order to apply for Medicaid benefits is the Irrevocable Funeral Trust (“IFT”). Through an ...
Learn MoreOctober 23, 2013 |
Currently, the sixth leading cause of death in the United States is Alzheimer’s disease. Between 2000 and 2010, the number of deaths caused by Alzheimer’s ...
Learn MoreOctober 22, 2013 |
Since estate-planning maneuvers can cause unintended consequences, it’s important to plan with flexibility. A recent article discusses how one man dealt with the unintended consequences ...
Learn MoreOctober 17, 2013 |
Contrary to popular belief, estate planning is still important for the vast majority of Americans who are not wealthy. After all, after a person has ...
Learn MoreOctober 16, 2013 |
Medicaid is a need-based public benefit program that assists citizens in paying for medical care. Therefore, a person can only receive benefits if he or ...
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<p>The post The Power of Gifting: A Smart Strategy for Estate, Tax, and Financial Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
