Free advice can be a bit dangerous to accept under certain circumstances. However, sometimes genuine expertise is available to you in a readily accessible and cost-effective manner. Just such an opportunity is presenting itself over the next couple of weeks here in the Indianapolis area. Our firm is going to be presenting some very informative seminars throughout the month of September and we would like to invite all of our readers to attend. At our seminars you will find out … [Read more...] about Indianapolis Estate Planning Seminars
Guardianship
Alzheimer's: Gait May Provide Warning
If you are wondering why you should have to concern yourself with incapacity planning you would do well to know a bit about Alzheimer's disease. This horrible disease is extremely destructive, and it is in fact the 6th leading cause of death in the United States. The Alzheimer's Association tells us that approximately four out of every ten individuals who are at least 85 years of age are suffering from the disease. Early onset is a problem as well, with 13% of people 65 and up being … [Read more...] about Alzheimer's: Gait May Provide Warning
Far Too Many Go Through Life Unprepared
Recent surveys have indicated that the percentage of individuals in the United States who have children who do in fact have an estate plan in place is right around 50%. This leaves half of the parents in the country without having made any provisions for the well-being of their children, and this is truly a sad state of affairs. While it is understandable that freewheeling single people may not prioritize intelligent advance planning, you really should have an estate plan in place as soon as … [Read more...] about Far Too Many Go Through Life Unprepared
Selecting Potential Future Decision Makers
If you want to be comprehensively prepared for the future you have to be levelheaded and mature about accepting some of the challenges that go along with reaching an advanced age. Nobody relishes the idea of becoming unable to make sound decisions. But the cold hard truth is that upwards of 40% of people who reach the age of 85 suffer from Alzheimer's disease. As most people know Alzheimer's is a form of dementia, and dementia can result in the inability to comprehend … [Read more...] about Selecting Potential Future Decision Makers
Proper Incapacity Planning Can Prevent Guardianships
If you were to become incapable of handling your own affairs due to mental or physical incapacity, interested parties could petition the court to appoint a guardian to act in your behalf. You may have no say about who this guardian is going to be, and if the petition is granted you could become a ward of the state. This is a prospect that is not appealing to many people, but the good news is that you can avoid guardianship proceedings if you engage in intelligent incapacity … [Read more...] about Proper Incapacity Planning Can Prevent Guardianships
Making Provisions For Minor Children
Estate planning is going to involve inventorying your assets in anticipation of future distribution of the same to your loved ones. You must then decide on how you are going to get these assets from point A to point B. When you're doing this you have to identify those who will be receiving inheritances and ideally choose the vehicles of asset transfer that are appropriate given the age and proclivities of these recipients. Along these lines many people have to stop and take pause … [Read more...] about Making Provisions For Minor Children
Guardianship And Conservatorship Considered
It is important to know under which conditions guardianship and/or conservatorship responsibilities will apply and what the procedure is in order for the rulings to be made. Guardianship can apply to anyone who is considered by the courts to be disabled in a way that makes them unable to take responsible actions or to those who are minors and therefore need the assistance guardianship and conservatorship will offer. Some states combine the duties within the designation of guardian, but … [Read more...] about Guardianship And Conservatorship Considered
What is Guardianship and When is it Necessary?
Guardianship is a legal proceeding by which a person petitions the Court to allow the petitioner to assume control over the physical person or property of another person. Guardianship can occur in several circumstances: Injury or illness of an adult that leaves the adult unable to care for themselves or their propertyMinor Children who do not have a parent to care for themMentally disabled persons who are at risk of being taken advantage by designing personsOlder adults suffering from … [Read more...] about What is Guardianship and When is it Necessary?
What If My Loved One Needs a Guardian?
If you are concerned about a family member being able to care for themselves, you might want to consider guardianship. A guardian can be appointed for persons who cannot provide self care or manage their finances, who have dementia, or are otherwise incapacitated mentally or physically. Those who are habitually drunk or abuse drugs or have a developmental disability can also be considered incapacitated for guardianship purposes. There are three kinds of guardianships: Guardian of the … [Read more...] about What If My Loved One Needs a Guardian?
How to Create A Comprehensive Disability Plan
A mental disability or terminal illness can leave you unable to handle your finances and make your own medical care decisions. That is why it is important to create a disability plan. Without a disability plan, the legal system will decide who has control over your medical wellness and financial assets. Make a Medical Plan A mental or severe physical disability may leave you without the ability to tell your family members and doctors how you want to be cared for. If you would like to name … [Read more...] about How to Create A Comprehensive Disability Plan
