This is a common question we hear. Read on for information to help figure out whether you need a trust and, if so, what kind fits your specific situation. If you already have a Trust I recommend you have it reviewed by a qualified estate or elder law attorney because of changes in law and [...]
Law Change Alert! Is Your Durable Power of Attorney and Health Care Proxy Powerful Enough? – Patrick J. Kelleher, Esq.
Powerful Durable “power of attorney” (POA) and Health Care Proxy disability planning documents are critical because when you or your spouse become incapacitated they will keep your affairs out of the dreaded Probate Court. They will allow your loved ones "helpers" to make your financial and health care decisions and not some stranger picked from [...]
In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility of making decisions in the best interest of the person who benefits from the trust, [...]
When it comes to creating Wills, Trusts and estate plans, older Americans outpace their younger counterparts. We are the baby boomer generation. Still, a significant number — 19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data — lack any type of estate plan. This [...]
Trusts aren’t just for the mega-wealthy. They can serve you and your family as well, especially if you have hard earned assets that you wish to Protect and Preserve for your loved ones. You want to avoid the expenses and delays of probate court, maybe the tax-man, financial creditors and predators or the $15,000.00 per [...]
Urgent Medicaid Matters: Pre-Planning vs. Crisis Planning, The Choice is Yours – Patrick J. Kelleher, Esq.
You may see it coming: Much as you want to and hard as you try, you just can’t take care of your ill spouse at home any more. At this emotionally difficult time, the last thing you need is the stress of not knowing where to find the money to pay for the steep costs [...]
A family caregiving meeting is an essential tool when dealing with the care of an aging loved one. These meetings are beneficial for helping to keep all family members abreast of decisions that need to be made, changes in diagnosis or prognosis, and help to ensure that all family members feel that they have a [...]
The Senior Safe Act, signed into law by President Trump earlier this year, is designed to protect our elders from financial abuse from either within a family or support system, or by scam artists preying upon them. Tens of billions of dollars each year are illegally taken from US seniors and these numbers only reflect [...]
The holidays are upon us and unfortunately many seniors feel even more isolated during this time. Thankfully, technology has provided some interactive gadgets to help lessen feelings of isolation. One of those gadgets, called the GrandPad, is discussed below. The internet is an excellent way for people of all ages to connect with family and [...]
Can Your Senior Loved One Be Evicted from a Nursing Home? Know your Rights! – Patrick J. Kelleher, Esq.
Nursing home evictions are an issue for many elderly people. Reports of evictions and complaints against nursing homes attempting to evict patients are widespread. Nursing homes are businesses and eviction problems often occur for residents when financial issues arise. There are federal regulations concerning nursing home evictions. However, it is largely dependent on the state [...]