How frequently you should review your estate plan depends on how old you are and whether there has been a significant change in your circumstances. If you are over age 60 and you haven't updated your estate plan in many decades, it's almost certain that you need to update your documents. Afte...
Under California law, any person age 65 or older has standing to petition for a restraining order against an individual alleged to have engaged in abusive conduct, even if there is no special relationship between the alleged abuser and victim, such as a caretaking or custodial relationship.
The key is to make your plans and prepare for problems BEFORE they happen. An article explaining why one should prepare before a crisis arises appeared on OakPark.com in “START WITH A PLAN (not a heart attack).” The article details an incident that happens all too often.
The medical procedure may be routine. However, you still need to be ready with answers. Many documents, including a living will or health care directive, may now need to be in place before medical procedures, according to the Kirkland Reporter in “Take control of health care decisions in 2019 ...
What is the next step if aging parents can no longer easily handle financial and legal affairs? The transition of adult child to caregiver can create some real challenges, when it comes to helping aging parents, according to the Monterey Herald in “Financial planning: Family communication help...
A periodic review will also give you an idea of any changes that are necessary. A will is certainly something that should be completed. However, it isn't a document to put on the shelf and forgotten because as your life and government laws change, so should your will, according to The Item in...
Regulators move to halt abuse. However, fraud is still at $30 billion. Financial abuse of the elderly is high in the U.S., with estimates at $30 billion, and that sum doesn't include unreported cases, according to Consumer Reports in “3 Critical Ways to Prevent Elder Financial Abuse.” Some c...
Benefits are available to ex-spouses under certain circumstances. As retirement approaches and Social Security benefits become available, it is important for divorced people to be particularly aware of their entitlement rights, according to Yahoo! Finance in “3 Things to Know About Social Sec...
Why is the revocable trust so appealing? You can change it whenever you'd like. You do not have to have a lot of money or assets in order to benefit from the use of trusts, according to Barron's in “Why a Trust is a Great Estate Planning Tool – Even if You're Not Rich.”
You may not want the real estate. However, there are numerous options. Sometimes people inherit real estate, but they don't really want it. That is when you should become educated in your responsibilities and rights, according to AOL in “What to do when you inherit real estate that you don't w...
Check your estate plan for changes required to meet the requirements and opportunities. Changes created by the passage of the Tax Cuts and Jobs Act create a need to revisit your estate plan, if you have not already done so, according to The Kansas City Star in “Talk to estate attorney about im...
Passing away quietly at home without pain is not a common occurrence. Increasing the chances of achieving a peaceful death requires some careful planning as well as conversations with loved ones, according to The Wall Street Journal in “Preparing For a Good End Of Life.” You will want to make ...
So, do you think you don't have digital assets? It may be very challenging to figure out the world of cryptocurrency. However, it is property as far as the IRS is concerned, according to Insurance News Net in “Westchester County Elder Law Attorney… Sheds Light on Cryptocurrency in Estate Plann...
A good plan accomplishes your goals when you are gone and protects your loved ones.Most people realize that they need an estate plan, yet the vast majority of Americans do not have one, according to the Lockport Journal in “Senior Spotlight: Composing the ‘family love letter.'”
The reason doesn't matter. When grandparents raise the grandchildren, legal advice is very important. If you end up in the situation where you are bringing up your grandchildren, there are some legal issues you may need to face, according to the Record Herald in “Grandparents Raising Grandchil...
The need for caregiving often comes about unexpectedly.People often think they should make arrangements for a Power of Attorney or living will but unfortunately the need arises suddenly resulting in a challenging situation, according to Expert Click in “How to Get Power of Attorney for Aging Pa...
Protect your assets from being mishandled. As you prepare an estate plan, consider a look at creating trusts to protect assets through the generations, according to the Times Herald-Record in “Leaving inheritances to trusts puts you in control.”
The 65th birthday is key when it comes to Medicare, and the deadlines are taken seriously. Potential Medicare enrollees can face some pretty stiff late-enrollment penalties and they don't end, according to The New York Times in “If You Do Medicare Sign-Up Wrong, It Will Cost You.”
Social Security is likely to be very important to your retirement. But wait, the amount can vary. Figuring out when to begin taking Social Security can be a real challenge, because the time to begin filling your claim ranges from the age of 62 to 70, according to the Independent Record in “The...
It may not be the best time when the pressure is on. However, read the contract and get some advice. If you are preparing to move to a retirement community or care community yourself, it is best to read that fine print very carefully and better yet, get some legal advice before signing, accordin...
Want to go from Boomer lifestyle to sitting down? Probably not! The idea of retirement as a time to settle down and no longer be an active citizen is being challenged by a generation that has so far changed every stage of living, according to Next Avenue in “How to Avoid Becoming a ‘Bored Boom...
Planning for retirement years is much more than looking after your bank account. It is very important to prepare for old age. It turns out that it is frequently more than looking after your financial situation. It is also a good idea to prepare to remain independent and in good health, according...
More than 5.7 million people in this country are suffering from the disease. More and more members of families are experiencing the dilemma of expressing their wishes before they become incapacitated from Alzheimer's Disease, according to USA Today in “B. Smith's Alzheimer's raises question: How...
If the legal documents aren't signed and notarized properly, there is a good chance that problems will arise. A properly prepared will could have avoided many of the problems faced by a woman who thought she was protected, according to News 2 in “The power of a will and trouble without one.” Ms....
Trusts have been around for a very long time and it is important to understand how they work. A trust can be quite complicated. That is why you need good legal representation in order to use one properly, according to the Pittsburgh Post-Gazette “Do I need a trust?” Trusts are created by the ...
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