As you get older, your legacy can take on new importance. What will you leave behind? How will your loved ones fare? One way to address these issues is to start some planning now. Part of this planning can mean managing your assets to increase the likelihood of...
Trusts can play a pivotal role in estate planning, offering you a versatile and beneficial means of managing and distributing your assets. They can be tailored to suit various needs and objectives, making them a vital tool in effective estate management. Understanding...
An estate plan is generally comprised of a collection of various documents including wills and other testamentary documents, such as durable powers of attorney. Everyone has their own unique preferences that influence what documents they include in an estate plan and...
Discussions about estate planning often focus on someone's legacy. People want to know exactly what will happen with their property when they die and seek to provide as much as they can for their closest or most vulnerable family members. The best estate plans in...
Sometimes, it becomes apparent that someone who is attempting to live by themselves is no longer capable of doing so safely. Family members may then have to convince an older adult or the courts that a move to an assisted living facility is necessary. We often delay...
As your loved ones age, they become more vulnerable physically and financially. Family members, friends, business associates and caregivers can be guilty of financial exploitation if they use coercion, trickery or emotional manipulation to take control of a senior’s...
Estate plans are not all that common. People have many reasons why they might delay creating a will or neglect planning for the future. Why is this? It is clear that estate planning can be beneficial and useful in a number of ways, from advanced planning for medical...
If you have been appointed as agent under a power of attorney for another person, whether an elderly parent, grandparent or disabled sibling, you should know that, absent particular and unlikely circumstances, you are not personally responsible for paying nursing home...
The financial resources that you have acquired throughout your life will become part of your estate when you die. If you are like most parents, you probably hope that your children will ultimately inherit anything remaining at your death. For most people, their home...
Unfortunately, Medicare does not cover expenses associated with long-term care, such as for nursing homes or assisted living facilities, which can cost as much as $11,000.00 or more per month. Medicaid for long-term care services will, however, cover the cost of that...