Category Archives: Elder Law
When Irresponsible Spending by an Elderly Person Is a Sign of a More Serious Problem
It is not possible to make blanket statements about the financial habits of elderly people; people’s attitudes toward money are unique, as are the life experiences that have shaped those attitudes. Many people who lived through lean times when they were young end up with a lifelong inclination toward frugality; therefore, if your parents’… Read More »
Home Care Nurse Accused of Financial Abusing Holocaust Survivor
Losing one’s ability to live independently in old age is one of the most distressing events in a person’s life. Many elderly people resist depending on family members who once depended on them, and for some people, moving to an assisted living facility feels like turning their backs on their life’s accomplishments even while… Read More »
Asset Protection Options for Your Business and Personal Wealth
Amassing and maintaining any level of financial security requires planning and sacrifice to ensure that any decisions made do not unnecessarily expose assets to outside risk. People often think that asset protection strategies are only useful to the very wealthy, but anyone with property of value would benefit from review and advice from an… Read More »
When Are Trusts Modifiable?
Trusts are an excellent estate planning vehicle for providing comprehensive and wide control over the use, management, and access beneficiaries have to assets after death. If the right trust is chosen and structured correctly, this arrangement can benefit the financial security of a family for generations. Consequently, working with the right estate planning attorney… Read More »
Who Is Responsible for Remaining Debts after Death?
Estate planning is primarily about settling two issues: distributing property to surviving heirs and limiting one’s exposure to liability for death-related taxes. In line with the second issue is the question of settling a loved one’s remaining debts after death. All estates which pass through probate, which is a substantial number, must provide notice… Read More »
What to Expect in the Guardianship Process
Age affects people differently, and can lead to significant physical and/or mental issues as the body and mind register the toll of living a long and full life. When it appears to family members and friends that an individual’s capacity to handle his/her affairs is compromised, they may look to the guardianship process for… Read More »
Why You Need a Pour-Over Will
With access to online estate planning forms, putting together a basic estate plan, even if insufficient and misdirected, is relatively easy. One popular option people routinely choose is a revocable trust because of the perceived tax advantages and creditor protections, with the creator retaining control until death. Once he/she passes, the trust reverts to… Read More »
Medicaid Liens and Survivor’s Rights
Medical issues rarely arise gradually over time, but instead, often occur suddenly, and require immediate action to address. When a person’s health condition becomes severe, requiring around-the-clock care, many families are forced to put loved ones in nursing homes to provide the individual’s medical needs. Medicaid is the program most Americans living in nursing… Read More »
Taking Control of Your Healthcare
Most people enjoy relatively stable and strong physical and mental health during most of their lives. In fact, good health is easy to take for granted until an emergency injury or illness occurs that causes a person to face the vulnerabilities of the human body. As the body ages, debilitating conditions become more likely,… Read More »
Choosing the Right Trustee
Putting together an estate plan can be quite complicated, especially if a person owns a number of different assets and/or has many heirs/beneficiaries. One common feature of more complex estate plans involves the creation of trusts to achieve goals related to maintaining privacy, avoiding the costs of probate, tax planning, deferred distributions, provisions for… Read More »
