Talking with your parents about their will, or lack thereof, can be challenging. Many adult children put off having the “dreaded talk” with parents and are unprepared when an unforeseen event like an accident or illness happens. A 2022 survey conducted by caring.com shows despite the COVID-19 pandemic, two-thirds of adult Americans do not have a will […]
Many families struggle with sibling rivalry. Depending on your particular family members and the dynamic between them, old rivalries from the past can become more significant when a parent passes. Adult children who are emotionally upset and in the unfamiliar territory of an inheritance process can invent new problems or magnify existing ones. Protecting Family […]
All Americans who wish to protect their families and themselves must have an estate plan. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health. Putting these five must-have legal documents in place before life becomes too difficult to handle is crucial for your […]
Taking into consideration the future care of their special needs child requires parents to take on unique responsibilities. Funding a special needs trust (SNT) with life insurance is one of the most important things you can do to provide additional monies while protecting eligibility for government benefit programs. Life insurance policies provide special needs families […]
This question comes up all the time: “Couldn’t I just make a will online, transfer my land and put my children into a bank account when I die?” It’s just not a good idea. For the plan to work as you would want it to, it should account for plenty of complications. A good plan […]
There is a situation few of us care to think about when we are considering transferring our property to our children. What should happen to our property if our children die before us? I read that when making a will, I could leave my property to my children “per stripes.” Why is the law talking […]
An estate plan specifies how your property will be distributed when you die and provides instructions regarding how to care for your dependents. If you have people who you love and care for, then creating a will for your peace of mind and their protection is the right thing to do. Though crafting your will […]
While elder law and estate planning are often used interchangeably, there are important differences between the two. While some overlap exists between them, learning and implementing strategies from both law practice types is crucial to prepare for successful aging and preserve a family legacy. Estate planning lets families: Younger people tend to focus on asset […]
There is no one who wants to think they may be incapacitated by illness or trauma. People experience it every day, unfortunately. With this knowledge, many people like to prepare in advance for the kind of treatment they want in the event of cardiac arrest, respiratory failure, stroke, and brain death. Some people would allow […]
Estate planning is a major concern for the older generation, as you might expect, however, a survey found that 19 percent of people over 72 and 42 percent of those between 53 and 71 do not have an estate plan in place. Although managing these details can seem daunting, and even depressing, the task becomes […]
The onset of dementia can lead to a loss of financial security due to the degeneration of your brain function. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings accounts, money market accounts, and other assets can lead to the loss of these funds […]
There are many legal issues affecting older or disabled individuals that fall under elder law. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement, Social Security, Medicare and Medicaid, long-term care planning, estate planning, guardianships, […]