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Category: Estate Planning

15 ways elder law attorneys can help seniors

Elder law attorneys provide counsel for the unique issues of older clients and their loved ones. They advocate for the rights of seniors and help to navigate federal, state, and local laws. They must be informed about available assistance, both government and private, and knowledgeable of any laws that pertain to the civil rights and…Read More

Lack of estate planning leads to family feuds

A will or estate plan’s purpose is to avoid disagreements or confusion on how to distribute family assets. Unfortunately, bitter and long-lasting family feuds crop up when an estate is administered that is unclear or unfair. According to a study released earlier this year by LegalShield, 90% of Americans say that having a will is…Read More

Dementia and its impact on financial health

Money troubles are typical among people who are beginning to experience cognitive declines. Studies show that many people start losing the ability to manage finances and make sound decisions as their memory, organizational skills and self-control falter long before they receive a dementia diagnosis.  Unfortunately, banks are slow to introduce guidelines that protect the older…Read More

How to Prepare for the Cost of Long-Term Medical Care

The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More

How to discuss estate planning with your family

Estate planning is a difficult topic for families. However, it’s an important conversation to have. The best approach is to try and understand what you can do to help your loved ones prepare their estate plan or help them better receive it. Below are a few tips to include in your plans.  Have difficult conversations before a…Read More

How to prepare to receive an inheritance

The passing of a loved one is a stressful time for anyone. Add an inheritance into the mix and relationships between family members can add even more stress. One thing is certain; receiving an inheritance without proper planning is the best course of action. Below are some things to consider before moving forward with an…Read More

Consider caregiving costs when planning for retirement

Financial planning for retirement normally includes some travel and more time to be social with friends. However, most older adults do not allow for caregiving in their retirement budget – whether it’s hiring a caregiver to care for a loved one or being a caregiver themselves. Planning for Care When caregiving needs become a priority for…Read More

Wills and trusts for military families

Members of the military have a more dangerous occupation than the average American. Because of this, service members should make estate planning a priority. Make a plan and prioritize estate planning now so in the event that something happens to you, your loved ones will have clear instructions for your assets. Letter of instruction A…Read More