If you are healthy and collecting a steady income right now, it can be difficult to imagine your life any other way. However, it is crucial to think about what you will do if your situation changes.For instance, do you know what you will do if you require long-term...
On this blog, we often examine topics regarding people's estates. We explore estate planning strategies and explain estate administration tasks. However, without a solid understanding of what your estate is in the first place, you may not know what you have or why you...
Older adults with significant health and personal care needs rely on others to help them do a number of things, from bathing and eating to paying bills and taking medication. If your parent is in this vulnerable position, you want to ensure that others who are there...
If your parent can no longer manage his or her own care without help, it may be time to appoint a guardian. A guardian assists a vulnerable adult (also called the ward) in various tasks, from arranging health care to shopping for clothes and food. This role is a...
Having children can change a person’s ideas about the future. As such, creating an estate plan is something many people do when they become parents.Creating an estate plan is certainly wise for new parents. However, it is also important to update and revise your plans...
Wanting to support a charitable cause you believe in can be a critical component of your estate plan.In most cases, charitable organizations welcome and appreciate gifts of any size or type. But to maximize and protect your donation, and to make it easier for the...
When people think about financial abuse that targets seniors, they often imagine digital spam and telemarketing scams. As a result, family members may not recognize that a parent or other elderly loved one may be at risk of abuse by someone they know. Tragically,...
Trusts can be a critical part of an estate plan. People create trusts for various reasons, including probate avoidance, shielding assets, protecting young or disabled beneficiaries, reducing estate taxes. Whatever reasons you may have for wanting to include a trust in...
Being appointed to certain legal roles can be intimidating. In the space of one event, you could become responsible for someone else's financial health, safety and decision-making. It can be a lot to take on, particularly if you are not prepared for the role.For...
Having in-home care for your parent can give adult children a great sense of comfort and relief. Many people in this situation are happy that their parent can stay in his or her own home without feeling like they are responsible for a mom or dad’s health and...