Authorizing someone to make decisionson your behalf if you become incapacitated or pass away is a crucial component of an estate plan. When you give someone these responsibilities, you can prevent confusion and conflicts during tumultuous times. When creating an...
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Mistakes that can trigger legal consequences for fiduciaries
Making financial decisions for other people is not a responsibility to take lightly. And in some cases, it proves to be a burden that overwhelms individuals and leads to some missteps. These mistakes can have costly ramifications for the fiduciary who makes them and...
Financial abusers can target elderly without ever seeing them
Too many cases of elderly financial abuse involve someone close to the victim. It could be a guardian, a caretaker or a loved one using their proximity to the person to take advantage of them. However, older adults can fall victim to financial abuse and scams without...
3 reasons people try to avoid probate
Distributing assets after a person passes away can be a painful, emotional process. Often, loved ones find themselves confronted with legal motions, financial obligations and difficult decisions, all in the wake of a devastating loss. Considering this scenario,...
How a guardian can help vulnerable adults
Vulnerable adults can experience several obstacles as they get older. Helping them overcome these obstacles isn't always easy, and sometimes we need outside parties to play a role. Guardianships are one way to help a person manage their medical and personal care and...
How emotions can complicate estate administration
It is impossible to take all emotions out of the process of settling a person's affairs after they pass away. However, people should know how their emotional responses can affect the process - and it's not always for the best. Emotions and decision making As one...
Who pays when seniors get home-based care?
People's health often declines as they get older. They may become less mobile, and they may start forgetting things from time to time. Because of this, it can be challenging to do everything you need to do, especially if you live alone or with a partner in a similar...
Elder care, estate planning is not just for emergencies
An elder care plan can provide critical guidance and support in emergencies: a severe accident, a sudden illness. However, planning is not just for emergencies. Many people develop health conditions as they get older that gradually affect their mental capacity and...
Isolation and financial abuse often go hand-in-hand
Did you know that nearly one quarter of adults over the age of 65 are socially isolated? This statistic, which comes from a study by the National Academies of Sciences, Engineering, and Medicine, means that one in four seniors lacks the interaction and personal...
Planning now for an uncertain future
By the time a person requires long-term care, it can be too late to do the kind of financial planning that maximizes savings. . Too often, people find themselves dealing with a crisis that exposes the gaps and oversights in their planning, making an already difficult...
