Why Millennials Are Writing Wills More Than Ever Before
Over the years, Millennials have brandished headlines for a multitude of reasons—whether it’s claims they are technically savvy or that they have an affinity for avocado toast, the digital generation is very familiar with being in the news. Now, Millennials are in the spotlight again for embracing another cornerstone of adulthood by writing their wills and/or establishing a comprehensive, integrated, customized estate plan. Estate planning professionals and financial advisors have seen a drastic increase in millennial clientele during 2020-2021 thanks to COVID-19 and other economic factors. General Unease Surrounding High Costs and COVID-19 The rise of millennials considering their mortality ... Read More
Criminal Scams on the Rise During the COVID-19 Pandemic
At times when there is a crisis and people are vulnerable and in need, criminals come out of the woodwork. The opportunities to exploit fear and need are especially rich and varied in the Covid environment. ABC News reports that as of April 10, the Federal Trade Commission has logged $12 million in Covid-related theft. Given that the epidemic didn’t start to bite in the U.S. until March at the earliest, that is some impressive number for less than two months. Examples of Criminal Scams This article cautions against only a few examples of the teeming horde of ingenious criminal ... Read More
Reimbursement of Funeral Expenses due to COVID-19 Deaths
If you had a loved one die from COVID-19, you may be eligible for the reimbursement of their funeral expenses. The Federal Emergency Management Agency (FEMA) is currently taking applications for funeral costs that were acquired after January 20th, 2020, from a person who passed away from COVID-19 in the United States or a territory of the United States. The purchase of a casket, urn, headstone, burial plot, cremation, interment of ashes, and or transfer of remains are all eligible for reimbursement. Qualified applicants may receive up to $9,000 per funeral as long as their total reimbursement does not exceed $35,500. ... Read More
How Do You Prepare For the Next Pandemic in Your Estate Planning?
The disease-causing the 2019 novel coronavirus outbreak got its name on February 11, 2020, by the World Health Organization (WHO). The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year of the outbreak; COVID-19. This virus will likely become a milder illness in time because of vaccinations, pandemic controls, and naturally occurring herd immunities. Still, COVID-19 will probably be with us humans forever, endemic in large swaths of the world in varying degrees of intensity. According to National Geographic, COVID-19 may eventually transition into a ... Read More
