An elder law attorney advocates for and creates legal plans for older and disabled individuals in order to help them live a better life. Elder law may include planning for retirement, Social Security, Medicare and Medicaid, long-term care planning, estate…
A lot of Americans perceive estate planning as a chore they can do once and then file until they die. However, without realizing the potential consequences, many people will change beneficiaries on their accounts or make gifts during their lifetime…
As we age, we are more likely to have diminished mental capacity or declining health, so it is important to create an estate plan to protect ourselves and our loved ones. We need to make sound decisions regarding our finances…
At first glance, life insurance may not seem to have any bearing on your estate plan, but it can be a crucial part of it. There are numerous other benefits to owning a life insurance policy aside from providing a large…
If properly written, a will addresses who receives your assets and properties after your death. Your will names a personal representative (executor) who will carry out your wishes. In addition to asset distribution, your executor makes a public notice of…
While estate planning can be difficult and emotional, it is vital to wisely manage your assets and provide for your family members as you age. Your elder law attorney knows how to create an estate plan strategy that addresses these…
ABA defines probate as the legal process that formally recognizes a will and appoints a personal representative (executor) to administer the estate for intended beneficiaries. Navigating the probate process will vary according to state law. Therefore, it is good to…
There are some overlaps between estate planning and elder law, but both are equally important to protect yourself and your family. The two terms tend to go hand in hand, but there are some differences. The biggest difference is that elder…
In Care.com’s annual estate planning survey for 2019, 57% of U.S. adults lack a Last Will & Testament (a “Will”). Participants differed significantly based on factors such as age, race, and education. For example, when broken down generationally, 66% of people…
It is likely that your most valuable asset is your home, which is true for many of us. You may want your children to inherit the value of your home when you pass away. However, you may also be concerned…