Effective June 13, 2021, there will be a new short form power of attorney document available for your consideration. In the past many financial institutions did not accept the document because it did not “strictly“ comply with the statute. The new standard is “substantial” compliance, and the statute sets up A procedural mechanism and time [...]
When a loved one passes, it is common for them to pass on their real estate in addition to their other assets. In the event that you inherit a piece of land from a loved one, there are some important things to consider. But what if you are given a piece of undeveloped land? What [...]
Many people assume that they won’t need long-term care. But, odds are, the vast majority of Americans will require long-term assistance. It is important to know that it is necessary to plan ahead for this possibility. The need for at-home aide or checking into a nursing home may be in your future. Statistics Most studies [...]
Long-term care insurance can be an important step in planning for your future. This type of insurance allows you to accumulate value for your long-term care. But when is a good time to purchase this insurance? With costs of nursing homes and hospital fees constantly on the rise, it is vital to be financially prepared. [...]
Parkinson’s disease, Alzheimer’s, and more can lead to dementia in elders. If your parent or loved one is suffering from a dementia-causing illness, there are a few steps that you should take in order to protect their rights and assets before signs of dementia begin to become. Guardianship and Power of Attorney During the early [...]
When death occurs in the family, there are a lot of moving parts and important paperwork to keep track of. It is important to make sure that the monetary assets in your bank accounts are taken care of, to make it easier for your beneficiaries. Knowing what you need to prepare for each account type [...]
Our lives are constantly changing. Whether minor or major, these changes can have an impact on your plans for the future, including your estate. Deaths, natural disasters, marriage, births, divorce, job loss, property damage, property sales and more can affect your estate holdings and to whom you plan to distribute your estate upon death. It [...]
During your lifetime, you accumulate a lot of wealth, debt, and valuables, both emotional and monetary. In order to properly ensure that your estate is properly managed and distributed, many people seek the assistance of an elder law attorney whom may oversee the drafting and execution of a Last Will and Testament and, upon your [...]
When it is determined that your spouse requires long term care, either at home or in a facility, it is important to have your Will updated to reflect your spouse's health status. In the event of your death, the estate distributed to your spouse, in most cases, should reflect their change in health status. The [...]
A Health Care Proxy and Living Will are documents that allow your wishes to be carried out should you become incapacitated and unable to care for yourself; such as in the event of a declining mental state or the reliance of life support. Anyone over the age of 18 can and should create a Health [...]
