You want to use your will to divide all of your assets, if possible, and you know that this document is where you can split up the physical assets you own, your family heirlooms and the cash you have in various accounts. You simply have to state which assets you want...
Age Gracefully With A Plan In Place
Year: 2021
Do you know if your parents have planned for their senior years?
When we are children, we believe everything our parents and grandparents say. Even as we age, most of us still look to our elders for guidance through life’s many challenges. An unfortunate side effect of this unfailing trust in our elders is the inability to...
What you need to know about Medicaid divestment penalties
People often don't realize the limitations of Medicare until they don't have the coverage they need. Medicare doesn't offer very robust rehabilitation coverage. It also won't pay for skilled in-home nursing support or nursing home expenses. Therefore, many people find...
Is the will that you drafted in one state valid in another when you move?
There are a variety of reasons someone may relocate from one state to another. A move for a job or returning home after retirement are just two reasons why people do so. If you've taken steps to craft an estate plan, including drafting a will, then you're ahead of the...
What should you look for in an executor for your estate?
Estate planning may seem like a daunting process. It doesn't have to be, though. Some pre-planning can help the process move along seamlessly. One thing that you can pre-plan for is who will be your estate's executor (sometimes known as a personal representative)....
What is a financial power of attorney?
There are many things to consider when you’re creating an estate plan. While you might be focused on making sure your loved ones get the assets you want them to have, you also need to think about who will make decisions for you if you can’t do it yourself. One...
What are some of the more common reasons for removing a trustee?
A trust eventually needs a trustee to manage it, and that position is both important and filled with responsibility. Unfortunately, not every trustee lives up to the challenge. Know that you can petition a judge to remove your trustee no matter what type of trust you...
4 reasons that could delay probate
The death of a loved one is even more challenging if they chose you as their personal representative. If they made a will, it needs to pass through probate before you can distribute assets. What can slow the probate process? Probate is a legal check to ensure all is...
Estate planning tips for new parents
Thinking about taking care of their baby is a new parent's biggest priority. While they may make sure that the child’s immediate needs are met, however, many new parents don't stop to think about what will happen to their child if both parents should suddenly pass...
Elder financial abuse can take many forms
Many older Americans are vulnerable to financial abuse from unrelated care providers, so-called friends and even family members in some cases. Unfortunately, most senior citizens live on a fixed income and cannot afford to lose even a dime of their money. Elder...