What assets should not be placed in a revocable trust?

What assets should not be placed in a revocable trust?

From Kiplinger — By Kris Maksimovich —  A revocable living trust is an instrument created for the purpose of protecting your assets during your lifetime. It also creates an avenue to pass your assets with ease after your death. But what assets can go into a trust, and...
Here’s the 2025 COLA increase for Social Security recipients

Here’s the 2025 COLA increase for Social Security recipients

From CBS News — By Aimee Picchi —  The Social Security Administration set its 2025 COLA (cost-of-living adjustment) at 2.5%, the smallest annual COLA hike since 2021. Although inflation has eased from its pandemic-era heights, some advocates for older Americans say...
Estate planning for couples with significant age differences

Estate planning for couples with significant age differences

From Next Avenue — By Rachel Leland —  Relationships with significant age gaps come with unique rewards and challenges, especially for these “May-December” couples discussing how to manage their estate later in life. When a married couple has a significant...