According to Forbes Magazine, approximately half of all Americans between the ages of 55 and 64 do not have a will. The percentage increases for younger demographics. There are many reasons why you might not have a will. Maybe you think it is a morbid subject to think about, or perhaps you just have not [...]
Seniors are often the target of financial abuse due to their perceived vulnerability. This abuse can occur at the hands of the of a relative, friend, caregiver, or nursing home staff member. Because most seniors live on a fixed income, financial abuse is a serious issue that can cause major devastation. It is often up [...]
Fights over inheritance may do more than take time and money away from your children. They may also do irreparable harm to the relationships that exist between them at a time when they may need each other the most. Luckily, AARP reports that there are several strategies you may rely on during estate planning to [...]
At some point, it is likely that you will have to step in and provide care for your parents, but deciding when that time has come is not always easy. There is no specific age at which every person begins to need more help because each person is different. U.S. News and World Report explains [...]
As you write out a list of your wishes for after death, you may wonder what a living will is. By learning more about this document, you can fully appreciate the benefits of having one for your future. What it is A living will dictates what steps or measures medical professionals should use to take [...]
A huge part of estate planning is preparing for the unexpected. This includes what will happen to you and who will make decisions if you are unable to make them for yourself. That’s where your power of attorney steps in. What is power of attorney? Power of attorney is a legal document that names an [...]
A trust is a legal place where you put assets. You, the person who owns the assets and puts them into the trust is called a grantor or trustor. Then, you appoint a trustee who will look after the assets and distribute them as necessary. Finally, you choose one or more beneficiaries, how and when [...]
As you and your family consider a nursing home, surely one of your largest concerns is the cost. Looking at the price of a nursing home can feel overwhelming. As you consider what you are going to be paying for and what will be most beneficial for your situation. The cost of nursing homes in [...]
As our loved ones get older, we all must face the reality that life and their needs change. It can be difficult for our aging family members to care for themselves or live safely on their own. While there is no shame in needing a little extra help, it can be difficult to make the [...]
So you’ve heard that you should start thinking about trusts. The first major question that you and your attorney will need to answer is: what kind? A trust is a place where you can place assets for legal protection. In it, a trustee holds the assets and until they are given to a beneficiary. You, [...]
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