Estate planning is a basic responsibility that goes along with being a self-supporting adult. When you are planning ahead for the future you should definitely discuss everything with a licensed estate planning attorney because there are things that you may not have considered. One of these is the possibility of incapacity. We have all heard of Alzheimer's disease, but you may be somewhat surprised to hear that according to the Alzheimer's Association around 40% of people who reach … [Read more...] about Preparing for Possible Incapacity: Remember HIPAA Release
Incapacity Planning
Discuss Living Assistance With Aging Parents
People are living longer lives these days, and the numbers of the "oldest old" are growing. This is the term that is used in the geriatric community to describe individuals who are at least 85 years of age. When you reach an advanced age it is likely that you are going to require living assistance. Some people reside in nursing homes or assisted living communities full-time, and others receive some level of in-home care. And of course, there are those who are incapacitated to … [Read more...] about Discuss Living Assistance With Aging Parents
Estate Planning on the Practical Level
Executing legally binding documents with the assistance of a good estate planning lawyer is definitely a large part of what estate planning is all about. But in addition to the legal side of things you must also take practical matters into account if you want to leave behind a turnkey situation for your family. If you use a last will to direct your future asset transfers you're going to need an executor to actually handle the hands-on tasks. This individual is going to require … [Read more...] about Estate Planning on the Practical Level
Estate Planning & Virtual Real Estate
There was a time when the only type of real estate that you had to concern yourself with when you were planning your estate was tangible property. Everyone in the family would know where your holdings were located, and you simply let your executor or trustee know where the deeds and the keys could be found and your heirs would ultimately have the access that they needed. These days however we have another level of property ownership to consider when we are engaged in the process of … [Read more...] about Estate Planning & Virtual Real Estate
Choose Representatives With Care
When you are recording your wishes in writing you must consider the fact that human beings are going to have to be involved in making those wishes come to fruition when the time is appropriate. Your choices are important and you should make them with full knowledge of the responsibilities that these representatives will be charged with after your passing. People who are using a trust to direct the transfer of assets will have to choose a trustee. The trustee will be empowered to … [Read more...] about Choose Representatives With Care
Long-Term Care: Some of the Facts
According to the United States Department of Health and Human Services most Americans who are fortunate enough to reach the age 65 are going to need assistance with their day-to-day needs before it is all said and done. With this in mind preparing for the possibility of long-term care costs is a must for serious minded individuals. If you are under the impression that Medicare will take care of this you would do well to look into the matter a bit more closely. In fact, Medicare … [Read more...] about Long-Term Care: Some of the Facts
Indianapolis Estate Planning Seminars
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
Legal Struggle Left Holm Estate Lacking
You might think that an actress who had the longevity and the success of Celeste Holm would leave behind quite a financial legacy. However, it is being reported that the former Academy Award winner, who passed away on July 15 at the age of 95, had exhausted most of her savings. How did this happen? It appears as though the legal struggle that she was engaged in with her two sons in the years preceding her death consumed the majority of her resources. Celeste Holm was reportedly … [Read more...] about Legal Struggle Left Holm Estate Lacking
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
Beware Of Financial Abusers
As you get older you face certain potential challenges, and though some of them are rather unsavory, it is important to keep your head up out of the sand and keep yourself informed. With this in mind you would do well to recognize the widespread plague of elder financial abuse. This problem was brought out into the open not too long ago via the case of legendary actor Mickey Rooney. He has stated that he has been victimized by his stepchildren, and the abuse is alleged to have … [Read more...] about Beware Of Financial Abusers
