There are two main ways to use life insurance if a special needs child is in your family. In one situation, parents may consider purchasing life insurance for their child’s life, addressing the possibility of outliving them. Alternatively, parents may use a life insurance policy in a trust as part of their estate planning; knowing …
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Contemplating financial matters and making long-term life decisions via estate planning can be a difficult and emotional journey. However, it is crucial to wisely manage your assets while aging and provide for the family members who will survive you. Your elder law attorney knows how to create an estate plan strategy that addresses these concerns. …
To address the increasing US military veteran population—currently about 19 million—there is an expansion of health, education, home loan, and other veteran benefits. VA disability payments are one of the most common entitlements veterans overlook yet are often one of the most essential to their wellbeing. There are several reasons veterans miss out on VA disability …
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There are many types of online fraud, and seniors that aren’t internet savvy may not understand how to avoid them.
Communicating with your elderly parents about the dangers of being online is one of the most important things you can do.
Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These documents help guide your representatives to provide the end-of-life wishes you seek. Estate planning also reduces …
Whether you need to identify someone to be your estate’s representative (executor) or you are the chosen representative of an estate and accept the responsibility, there are certain criteria to think through — the complexity of the task and the order in which to pursue them. Beyond the emotional healing process when you lose a …
Most people have heard of the probate process, which takes place in probate court, and know that it is something that happens after someone passes away. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take months, or even years, to complete. The probate process can be necessary …
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According to the National Council on Aging (NCOA), instances of American elder financial fraud and abuse range from 2.6 to 36.5 billion dollars in lost money and assets annually. And although self-reported financial exploitation occurs at higher rates than all other types of elder abuse, the NCOA believes instances of elder financial fraud and abuse are …
Continue reading “Watching for Signs of Elder Financial Fraud and Abuse”
What comes to mind when you hear the words estate planning? If you think of old people with many assets, you are not alone. It is a common misconception that estate planning is only something done by people who are old or rich or both. Estate planning is actually for everyone, and the earlier in …
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Durable Power of Attorney enables you to choose someone you trust to handle your financial affairs and make decisions for you in the event of incapacity.
This document can help you avoid problems with your finances and property ownership.
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