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…
Author: gstc
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…
Planning Ahead For the Digital Estate
When we think of property, we generally think of tangible things. Land. Stocks. Paintings. However, in our new digital age many of the things we own are digital as well. Intellectual property. Cryptocurrency. NFTs. These properties need to be valued and accounted for in estate planning, so they can transition in an estate just like…
Incentive Trusts
An incentive trust is a trust that includes provisions requiring beneficiaries to meet certain conditions before the trustee can distribute funds. This means that the funds can only be accessed in specific situations or for specific needs. Some incentive trusts give the trustee the authority to spread distributions out so the beneficiary doesn’t receive them…
Should I Retire To the Sea?
As retirement approaches, we may wonder about downsizing our living space, or even moving to a new area entirely. The perfect retirement has many elements, and is more than just having enough money to make work an option instead of a requirement. One of the hardest things is realizing that you are the leader of…