When someone gets hurt or sick and is incapacitated, family members or others must make decisions for this person. And if there is no plan in place to guide them through these decisions, conflicts and disputes could erupt and jeopardize relationships, not to mention...
Financial Planning
Mistakes that can trigger legal consequences for fiduciaries
Making financial decisions for other people is not a responsibility to take lightly. And in some cases, it proves to be a burden that overwhelms individuals and leads to some missteps. These mistakes can have costly ramifications for the fiduciary who makes them and...
Who pays when seniors get home-based care?
People's health often declines as they get older. They may become less mobile, and they may start forgetting things from time to time. Because of this, it can be challenging to do everything you need to do, especially if you live alone or with a partner in a similar...
Elder care, estate planning is not just for emergencies
An elder care plan can provide critical guidance and support in emergencies: a severe accident, a sudden illness. However, planning is not just for emergencies. Many people develop health conditions as they get older that gradually affect their mental capacity and...
Are all trusts the same?
Establishing a trust can be a wise decision for anyone who wants to shield assets from probate or make it easier to transfer property. However, not all trusts are the same. There are specific benefits and limitations of every type of trust. To protect your wishes and...
Protecting your nest egg when your kids return home
Did you know that more than half of adults between the ages of and 18 and 29 live with their parents? This statistic, which comes from the Pew Research Center, reflects the highest number of young adults living with at least one parent since before the Great...
Financial planning for in-home care
Getting older can go hand-in-hand with declining health, troubling medical conditions and limited mobility. As such, many people will eventually require personal and medical care. Often, people want to receive this care in their own homes so they can maintain their...
What happens if I become unable to manage my finances?
The possibility of losing our independence as we get older can be upsetting to think about. However, confronting this potential reality and considering what to do if it should happen can be one of the most valuable planning steps you can take for yourself and your...
What decisions does a fiduciary make?
The idea of a person making financial decisions on someone else's behalf can seem straightforward. And in the context of estate planning or long-term care planning, people often oversimplify fiduciary duties.To understand why fiduciaries are so important and why you...
How banks are working to tackle elderly financial abuse
Every year, elderly Americans are victims of financial abuse and fraud. This mistreatment comes from international scammers, unscrupulous businesses here in the U.S. and even the care providers and loved ones closest to the victim.No matter who engages in this heinous...
