Getting your affairs in order may not be on anyone’s top ten fun list for a weekend. However, once it is done, you can relax, knowing your loved ones will be cared for. Is estate planning more or less painful than doing taxes once a year? The answer depends on who you ask, but a recent article […]
Just What Is in an Estate Plan? Read More »
There’s no way around it, this is a difficult conversation to have with aging parents or loved ones. Who will take care of parents when they cannot take care of themselves? Do they have their estate plan in order? According to this article from Health, an important detail is often overlooked: “A Health Care Power of Attorney Is Essential
Is It Necessary to have a Health Care Directive? Read More »
By 2030, WHO predicts that one in every six individuals will be aged over 60 years. Intelligent Living’s recent article entitled “Elder Care 101: Lifestyle Basics for Senior Citizens to Live a Comfortable Life” says that the numbers are alarming, and what makes it complicated is the fact that there’s no typical elderly. Many people believe that older
How Can I Live a Comfortable Life as a Senior? Read More »
CNBC’s recent article entitled “67% of Americans have no estate plan, survey finds. Here’s how to get started on one” reports that just a third of Americans have put these plans in place, according to a new survey from senior living referral service Caring.com. That means that 67% are leaving what happens to them and their assets in
How to Get Started on an Estate Plan Read More »
Estate plans are like life—over time, it changes, people are added and subtracted and your wishes and goals change. Regardless of your income, amount of assets or family circumstances, everyone wants to minimize taxes and facilitate a smooth transfer of property at death. Consider a recent aptly named article titled “Does Your Estate Plan Call
What Does a Will Do and Not Do? Read More »
When facing the end of life, patients and their families must make difficult decisions about continuing curative treatments or moving to pain management and comfort care. Futurity’s recent article entitled “Communication is Key to Guide Patients to Best End-Of-Life Plan” explains that using six months of observational data from a hospital in a Midwestern town, researchers found many
What Helps Create the Best End-Of-Life Plan? Read More »
This is a problem solved by a trust—a “spendthrift” trust. With a spendthrift provision in a testamentary trust created under a will or an inheritance trust created under a revocable living trust, the trustee makes all decisions about distributions. This can be an effective means of controlling the flow of money. A spendthrift trust, according
How Do I Stop Heirs from Foolishly Wasting Inheritance? Read More »
Despite the pandemic, two out of three American adults still do not have a will. Procrastination and thinking they don’t have enough assets to warrant a will are the top reasons given, says the article “The Biggest Mistakes People Make in Their Wills, According to Estate Lawyers” from Huff Post. Estate planning lawyers know this is a tragic mistake,
Common Estate Planning Mistakes Read More »
Studies show that adult children complain that their parents are stubborn and that the parents themselves admit this. Considerable’s recent article entitled “Why are your aging parents so stubborn? Researchers think they have the answer” explains that as children become more involved, they may make suggestions for things that older adults might do to maintain their safety and
Can You Believe Aging Parents Grow Stubborn and They Know It? Read More »
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