By 2050 it is expected that there will be 13.8 million Alzheimer's patients in the U.S. Families need to be prepared, since it is increasingly family members taking care of the patients at home and not medical facilities. It has long been expected that as Americans continue to live longer, the number of elderly people who suffer from Alzheimer's disease would increase. When that is combined with the overall size of the Baby Boomer generation, then the number of people with the disease is exp...
A new study suggests that an important factor in whether people reach retirement age with adequate resources is how much wealth they receive from their older family members. Some people are able to retire comfortably while others are not. The difference between the two groups is often thought to be due to one of two things, if not both. First, it is believed that those who are able to retire more comfortably than their peers had higher incomes than their peers. Second, it is believed that th...
Whenever relevant tax laws change, it is important to update your will to reflect those changes, instead of relying on a court to make the changes for you. Wills are not necessarily set in stone after someone passes away. Under some circumstances, probate courts can change a deceased person's will. This is called "reforming the will". The use of the word "reform" gives a clue as to the purpose and limited scope of the changes a court can make.
As people get older, they naturally began to have more memory problems. However, there are a few elderly people who do not lose memory as fast as their peers and have the mental capabilities of far younger people. Researchers call them super-agers. Alzheimer’s disease and other forms of dementia are not the only diminished mental capacity problems common in the elderly. Almost everyone suffers from a loss of memory capability as they grow older.
Some wealthy people in the Silicon Valley are searching for ways to live forever, if they choose to do so. If they are successful, it has major implications for society. The idea that human beings could live forever has been with us for a long time, possibly since the very beginning of human existence. People do not want to confront the idea that at some point their existence will stop and they will have no control over or even knowledge about what happens after they are gone. This has led som...
Slightly over a third of the people in the U.K. say that they want to be remembered most for their senses of humor after they pass away. If you ask people what they would most like to be remembered for after they pass away, you are likely to get a lot of different answers. Most people would probably answer that they want to be remembered for something that is important to them and how they view themselves as a person. For some, that might be how they built a business or what they did for chari...
The largest generational transfer of wealth in history is starting to happen. It is important that families talk and make plans for it. In the next couple of decades, the world will see what many are calling the "Great Wealth Transfer." Trillions of dollars will flow from wealthy Baby Boomers to their heirs in Generation X and the Millennial Generation. It is believed to be the largest such transfer of wealth between generations that the world and the U.S. has ever seen. This leads to real con...
After failing to repeal the Affordable Care Act for now at least, the Trump administration and Congressional Republicans have set their sights on tax reform. The first major item on the agenda for the new Trump Administration and the Republican majority in Congress was to repeal Obamacare. However, with the effort to accomplish that currently stalled in a divided House Republican caucus, they are now turning their attention to a major effort on tax reform. That could lead to very uncertain tim...
The fact that people can expect to live longer than was normal in the past means that different preparations need to be made. The average life expectancy of Americans has risen for the last century and especially so in the last few decades. Many experts expect that it will continue to rise. However, the data on just how much it has risen can be somewhat misleading. because distant historical life expectancies are brought down by much higher infant mortality rates 100 years ago. Despite that pr...
A reality TV personality is suing her stepsons for what she claims is an attempt to steal a home belonging to her late husband that should rightfully belong to her. The Real Housewives reality TV series is well-known for the family drama it produces. Viewers seem to appreciate seeing the types of family issues they share in common with the wealthy women who star on the show. Now one of the stars of Real Housewives of Miami, Alexia Echevarria, is having another issue with family that many othe...
