As reported in Financial Advisor, a growing number of residents are aware of the need to conduct long-term care planning, but a majority admit that they still fail to plan as properly as they should. Specifically, the study found that eight out of ten Americans believe that it is vital to prepare ahead of time for the assistance they might need as they age. Yet, nearly half those respondents claimed that in their own case they remain unsure how they will provide for their long-term care when they reach their golden years. Long-term care costs are high and rising. Most…
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Still, for all [women] have achieved — with our careers, managing our finances, sharing child rearing and other household responsibilities — we’re not as savvy about estate planning as we ought to be.
In this article, Forbes’s Deborah L. Jacobs offers an expansive look into the unique position of women in estate law, especially given current developments as of last December, and the unique necessity for women to practice proper estate planning. Among Americans 65 and older, 42 percent of women, but just 14 percent of men are widowed. Women’s longer life expectancy, combined with their tendency to marry older mates and their lower lifetime earnings means they are far more likely to see their living standards compromised in retirement if proper estate planning isn’t done. The article includes a gallery of the…
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A few weeks ago I posted about the SBA’s focus on women in business. On October 4th, they filed a final rule aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). On October 28th, the SBA published a compliance guide to describe “in plain English” requirements to participate in the program. Generally speaking, if one or more women own at least 51 percent of a business that qualifies as “small,” according to the SBA’s size standards, they can participate. The 60-page guide clarifies the contracting, certification and eligibility requirements of the program, which goes into effect early next…
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