Estate planning is an important way for people to protect their wishes regarding distribution and management of their property. And though every estate plan will vary based on the creator and his or her interests, it also varies based on the parties receiving...
Month: April 2020
Should I have a living will?
If you fall ill and cannot express your wishes regarding medical care, doctors will seek answers about your care by looking for: a living will, a medical durable power of attorney, or your loved ones. Under these circumstances, having your family make decisions...
Ways to connect with vulnerable loved ones
Personal interaction is important. It can improve our health and well-being to be with people we love and care about. As such, being unable to spend time with someone can be very upsetting, especially when he or she is ill or elderly.However, even when you cannot be...
Creating a will in the digital age
Today, more people than ever are conducting business online or during virtual meetings. And when it comes to creating an estate plan, there are digital solutions that allow people to make a will, consult professionals and manage assets without ever leaving home....
Patients vulnerable to COVID-19 in elder care facilities
Finding a nursing home is no easy task. Parties want to find a place that is safe, secure and attentive to patients' needs. Before finding the right place, people might tour multiple locations and conduct research. They may also spend years financially preparing and...
3 long-term care planning mistakes you should avoid
As we get older, the level of health and personal care we may need can change.Planning for potential changes through legal and financial planning can be crucial, so it is wise to avoid the following common mistakes. Mistake #1: Assuming you won't need careNo one wants...
What are the different types of powers of attorney?
Assigning powers of attorney is a critical step in the estate planning process. It provides vital protections and guidance during a tumultuous time, which can prevent legal and personal disputes, not to mention financial turmoil. However, people can misunderstand what...
What are the consequences of guardianship abuse?
Serving as a guardian is a major responsibility. And with this responsibility comes considerable control over another person's life. As such, guardians must act appropriately and make sound decisions that prioritize the ward's best interests.If a guardian exploits,...
4 ways to protect assets when applying for Medicaid
Did you know that, according to the Centers for Disease Control and Prevention, more than 1.5 million Americans are currently in nursing homes? And this number is only going to increase as baby boomers get older and require more long-term care.With this in mind, it...
