For the Solo Ager, these benefits of working with a corporate fiduciary (such as Garden State Trust Company) should be given careful consideration: A corporate fiduciary is held to the highest legal standard of always putting their client’s interest first. A corporate fiduciary does not take vacations, get sick, or move away. A corporate fiduciary…
Author: gstc
Who Will Oversee Your Lifecare Services?
Garden State Trust Company, acting as a corporate fiduciary, provides oversight of care management agencies and others on behalf of clients with our Lifecare Services. This allows us to act as the concierge to many additional services to enhance our client’s aging experience, such as: Arranging for Long-Term Care Insurance when appropriate Arranging for Medical…
Who Will Decide If You Can’t?
Just because we always have, does not mean we will always be able to. State laws provide for a default in the event of a person’s incapacity, but those defaults are generally geared toward familial support. Solo Agers should be especially careful to put advance directives and documents together ahead of time so they get…
Where Will You Live?
According to a 2021 study done by the AARP, three quarters of those over age 50 wish to remain in their current homes, yet only 34% recognize that they may need to make physical changes to their house for continued access. A Solo Ager should consider modifying the bathrooms and installing ramps and lift bars…
Seven Critical Questions for Solo Agers
There is a rising tide on the horizon—Solo Agers—that is, people who are over sixty with little or no familial support. Many such people already understand just how much time and energy goes into supporting an older person, as they are or have been caregivers for their own parents. Visiting to abate loneliness, monitoring medications,…
The Tax Treatment For Collectibles
Yogi Berra once said “records and achievements are meant to be broken”. His words were likely meant more to apply to actions of new players rather than the value of the denotation of earlier players by their baseball cards. Nevertheless, his words are applicable as another baseball record is surpassed: the most ever paid for…
What Are the Odds?
When it comes to lotteries, the odds of winning are vanishingly small. In fact, the odds of winning the Jackpot in the Mega Millions lottery is 1 in 302,575,350. It is often said that you are more likely to be struck by lightning, and although the odds for lightning strikes vary over the country, the…