by NorthernLaw | Sep 18, 2023 | Articles, Uncategorized
While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets. One such strategy is known as “Half a Loaf” which allow a... 
by NorthernLaw | Sep 18, 2023 | Articles, Uncategorized
After losing a spouse or longtime partner, it’s difficult to look past your grief. However, it’s crucial to understand the important and timely decisions you must make regarding your finances and personal estate plan. Estate planning is an ongoing process, as it... 
by NorthernLaw | Aug 23, 2023 | Articles, Uncategorized
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect in 2020, changed how beneficiaries of inherited retirement accounts must withdraw these funds. The Act’s passage made it more difficult for individuals to pass their... 
by NorthernLaw | Aug 23, 2023 | Articles, Uncategorized
Most long-term care involves assisting with basic personal needs rather than providing medical care. The long-term care community measures personal needs by looking at whether an individual requires help with basic activities. ADLs Meaning ADLs, or activities... 
by NorthernLaw | Aug 4, 2023 | Articles, Uncategorized
Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions. What Is a Beneficiary? Beneficiaries are individuals who you select to receive money, various other assets, or specific bequests (such as...
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