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WOW! What a year 2020 has been! Well, I think we can all agree that 2020 has been a year unlike any in recent memories. We will all be happy to sing Auld Lang Syne and toast to a new year at midnight on Dec. 31. For many of us, planning for 2021 will look…
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The United States Department of Justice defines Elder Financial Exploitation this way, “a person commits financial exploitation of an elderly person or a person with a disability when he or she stands in a position of trust or confidence with the elderly person or a person with a disability and he or she knowingly and…
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Today, due to divorce, spousal death and remarriages, blended families have become the new normal. Your new aging ”blended family” should consider specialized estate planning to avoid needless family drama and financial missteps. All families have their own unique dynamic. Combining families creates its own complex dynamic and can cause conflict. The complications of aging…
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The new aging family looks significantly different than it did at the height of the baby boom. There are fewer and fewer nuclear “traditional” families with a husband, wife, son, and daughter. Now, more families look like the Brady Bunch or the Pritchetts from Modern Family, or even resemble the movie “Yours, Mine, and Ours”. …
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Today, seniors are living longer often with complex medical issues and a disjointed family support structure. During the month of October, we will look at aging for the 21st century “modern” family and explore the unique issues today’s seniors are facing. According to the US Census Bureau, one in five adults age 65-74 live alone…
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As we wrap up our blog series this month, we are going to focus on legal documents and various types of insurance. Sharing complete information with your attorney allows them to develop a life care plan crafted to you unique circumstances and needs Bringing your existing legal documents to the first meeting with the attorney…
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During your first meeting with an Elder Law Attorney, the attorney will ask an array of questions about your health, your existing legal documents, as well as your income and assets. You may be asking yourself, “why does the attorney need to know all of this information?” Discussing health concerns with an elder law attorney…
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The guardianship process is complex, expensive, and often humiliating to the older adult. Most times, guardianship is also avoidable. Plan ahead to avoid guardianship. Whenever possible, guardianship should be avoided. The most effective way to avoid guardianship is to plan ahead. Sine there is no guarantee that we will be of sound mind up…
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Caring for an older adult with dementia or other serious illness brings on a whole new vocabulary and issues to learn about. Understanding guardianship and the legal rights of surrogate decision makers is usually at the top of the list. “What is the difference between POA and Guardianship?” We hear from stressed out…
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Setting up a complete estate plan involves addressing what will happen to your assets and your stuff after you die. This means you may be executing a will, possibly establishing and funding a trust, and updating all of your beneficiary designations. You have to create a plan for who gets your stuff after…
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