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Upcoming Increase in Social Security Cost-of-Living

The Social Security Administration (SSA) announced a 1.3 percent increase in the cost-of-living adjustment (COLA) for the next year. The meager increase equates to about $20 a month. Over the past few years, the average increase was approximately 1.6 percent.

How is the COLA Determined?

The COLA is tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W),  » Read More

What are Caregiver Assignments?

It is common for a family member to be the caregiver for an elderly or disabled loved one. A caregiver assignment is a legal document that defines, describes, and details how a loved one will be cared for by a family member or an outside party, such as a nursing home or visiting medical professional.

A caregiver assignment can help ensure that all family members agree and understand the type,  » Read More

What is a Guardianship?

While it is not always an easy topic, it is sometimes necessary to acknowledge that an ill or aging adult is can no longer able to make sound decisions for their own safety and well-being. Under the law, a guardianship refers to when a person is legally appointed to manage the financial, medical, or legal affairs for a ward who cannot manage their own.  » Read More

What Should I Know About Electronic Wills?

Although handwritten and typed wills are still around, many estate planning documents are now digital. Electronic wills (e-wills) do not use paper or ink, they are created electronically and use digital signatures. For the time being, only certain states have authorized e-will laws. Also, during the Coronavirus (COVID-19) pandemic, New York issued executive orders that permitted temporary electronic execution and notarization for wills.  » Read More