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While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves.
Financial exploitation comes in many forms, and older adults are often the victims.
More than 1 in 3 U.S. nursing home residents and nearly 2 in 3 nursing home workers had still not received a COVID-19 booster as of late February, according to an AARP analysis of federal nursing home data released Thursday.
A population-based study in Australia has found that the quality of your neighborhood can be linked to the risk of developing dementia later in life.
The first step in getting your affairs in order is to gather up all your important personal, financial and legal information, so you can arrange it in a format that will benefit you now and your loved ones later.
These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.
So how do you know if your liver is under siege? Here are some common — and not so common — risks and how you can prevent or stop the damage.
Each month we send an electronic newsletter to friends and clients covering issues of estate planning, asset protection, and elder law.
