You love your parents, and you want to support their goals for the future – just as they once supported yours. You’re worried, however, that your parents are being unrealistic about their plans to “age in place” and remain in the family home. Can they afford it? Even...
Using Local Insight And Legal Know-How
To Protect Your Interests
Year: 2022
What options are available to help with elder care costs?
Regardless of how independent someone has been historically, they may start to depend on family get members or caregiving professionals as they grow older. Older adults are at increased risk of falling and getting hurt. They can be more susceptible to certain kinds of...
How can an estate plan benefit a small business owner?
Business owners frequently have more daily obligations and personal responsibilities than other members of their communities. They are beholden not just to their immediate family members but also to investors and employees. Those responsibilities won't simply...
What are some of the elements an estate plan may require?
There is no universal estate planning solution that works for every person hoping to provide for their spouse, children or other loved ones when they die. Your estate plan may include a variety of documents, each of which you will tailor to your specific...
What are my duties as the guardian of an incapacitated parent?
Assuming the role of guardian for an incapacitated parent is a weighty responsibility. Not only must you make decisions about your parent's care and welfare, but you also shoulder the emotional burden of knowing that they are no longer able to take care of themselves....
Knowing when to update your estate plan helps protect your wishes
You may have drafted an estate plan years ago when you first got married or had children. Ever since, you have assumed that those documents will explain your wishes and protect your loved ones if something happens to you. However, the longer it has been since you...
Will Medicaid try to take your house after you die?
As you grow older, you will need more support and medical care at the same time that your income decreases due to retirement. Regardless of how much you have previously saved, there are certain expenses that could exceed your retirement savings or not fall under your...
What are revocable and irrevocable trusts?
Taking the time to set up an estate plan is important for adults. This is one of the key ways to help your loved ones to deal with your affairs after you pass away. Giving them the instructions to make sure they do what you want can help to reduce their stress during...
Thrust into caregiving? Explore your resources to prevent burnout
It was just another business-as-usual day when you got the call. An older family member had been injured in an accident/gotten a dire diagnosis/been found wandering lost. Whichever scenario tracks closest to your own circumstances, you surely can relate to the trauma...
Your retirement savings may not be enough for long-term care
As you get closer to retirement age, you have to think about what your budget will look like when you stop working. You will also need to plan ahead to protect yourself from unexpected expenses and financial hardship. Many retired adults depend on a combination of...