Legal Safeguards And Social Acceptance Of The Lgbt Lifestyle Is Still Running Far Behind
The June 2015 Supreme Court decision legalized marriage in all fifty states. Eldercare policies and social acceptance of the LGBT lifestyle is still running far behind. –Author
D espite the recent recession, an estimated $59 trillion will pass to heirs, charities, estate taxes, and estate closing costs. The transfer will come from more than 90 million U.S. estates from 2007 to 2061, in the greatest wealth transfer in U.S. history, according to a report issued May 28, 2014 by researchers at the Center on Wealth and Philanthropy (CWP) at Boston College. This estimate will be affected by inflation, economic growth, savings interest rates, and other economic conditions. To a degree these numbers are misleading. Few seniors will have significant money to pass on to the next generation because they will consume it in life. We are living longer, having longer retirements, and paying higher college and health care costs which erode or deplete assets, leaving little to transfer to our heirs. The prospect of an inheritance stirs emotions, and they are not always heartwarming. You can understand the need for creating legal safeguards to protect your loved one and the family assets no matter how small or large.
Families that are Mixed, Mingled, and Blended
Ownership of community property within a blended family can become legally blurred. Providing eldercare within a blended family can become complex. Nationwide, an estimated 500,000 Americans…