Elder law attorneys remain tightly focused on all of the issues that are relevant to our nation's senior citizens. Because of this expertise they have a thorough understanding of the challenges that you may face when you begin to reach an advanced age. Most laypeople have no reason to probe into these matters; your twilight years seem as though they are a world away when you have not yet reached retirement age. Yet, if you don't make the necessary plans to prepare for any and all eventualities … [Read more...] about What Makes A Power Of Attorney “Durable?”
Alzheimer’s, Dementia, & Incapacity Planning
When you are planning for the latter stages of your life one of the things you must take into consideration is the possibility of incapacity. These days people are living to an advanced age rather routinely, with the oldest old being the fastest-growing age demographic subset. As it becomes more and more likely that you will live into your mid-to-late 80s and beyond, incapacitation becomes a very real possibility and it is something that must be planned for in advance. The leading cause of … [Read more...] about Alzheimer’s, Dementia, & Incapacity Planning
What Is A Springing Durable Power Of Attorney?
Making plans for the distribution of your assets to your loved ones after you pass away is the issue that is at the core of estate planning. But to be frank people don't generally die all of a sudden without going through a period of decline and some sort of illness. More and more people are living into their late 80s and beyond, so the stark reality of the matter is that there may well come a time when you cannot make sound decisions for yourself. For this reason it is important to make sure … [Read more...] about What Is A Springing Durable Power Of Attorney?
The Purpose of the Living Will
Whenever you delve into any financial or legal discipline you're going to run into many different terms, and when you are new to these areas some of them will seem foreign and confusing at first. Of course estate planning is this type of field because it involves the utilization of so many different types of financial instruments, and some of them are different forms of the same essential vehicle. But even if it is your first day exploring the realm of estate planning there is one term that you … [Read more...] about The Purpose of the Living Will
Powers Of Attorney & Estate Planning
Estate planning is one branch of the larger tree of elder law, so when you consult with an estate planning attorney you will have the opportunity to prepare for all of the possibilities that come along with aging. It is not something that most people want to consider so it is often swept under the carpet, but one of the contingencies that it would be prudent to prepare for is that of incapacity. When you look at the statistics objectively you can see why any intelligently conceived estate plan … [Read more...] about Powers Of Attorney & Estate Planning
Aging, Alzheimer’s Disease, & Incapacity Planning
The field of elder law involves assisting people who are trying to prepare for all of the eventualities of aging. These possibilities are many and varied, and during the times within which we are living the senior population is booming. Senior citizens are the fastest-growing segment of the population in America. Just how fast is this age group expanding? It is estimated that by 2030 the number of senior citizens in the United States will double. To take this demographic probing a step further, … [Read more...] about Aging, Alzheimer’s Disease, & Incapacity Planning
Incapacity Planning With Advance Health Care Directives
When you look at the most recent census statistics one fact really jumps out and grabs you: We are getting older as a society. Senior citizens are the single fastest growing segment of American society. To add to this amazing trend the oldest among us, people who are at least 85 years of age and older, are the subset that is most rapidly expanding. While it is true that there are people who reach advanced ages who are fully capable mentally and physically, there are those who aren't. This is … [Read more...] about Incapacity Planning With Advance Health Care Directives
Be Prepared With Long Term Care Insurance
We pass along a lot of information about estate planning and the financial strategies that can be employed to prevent asset erosion, but this is just one aspect of elder law. As the society grows older and people live longer new societal and legal issues are arising, and the entire paradigm of aging is changing before our eyes. This is a far reaching subject worthy of much examination, because you can't address something like the rising costs associated with long term care unless you place them … [Read more...] about Be Prepared With Long Term Care Insurance
State Your Wishes With Three Wills
There is so much to consider when you start to get serious about planning your estate it can be difficult to know exactly where to start. Taking the time to state your wishes through these three different types of wills is a good way to have all or most of your bases covered in one fell swoop. Ethical Will When you think about estate planning the distribution of your assets is probably going to be the first thing that comes to mind, but there is more to your legacy than that. The life lessons … [Read more...] about State Your Wishes With Three Wills
Nursing Home Costs Raise Concerns
Planning your estate naturally extends forward into your retirement years and the period leading up to your death. To be able to plan intelligently you have to proceed with some idea of how long you can logically expect to live. The fact is that medical science has steadily been making advances, and this has had a positive impact on longevity. In addition, we live in the information age so people are universally more aware of what to do and what not to do if they want to stay healthy as they are … [Read more...] about Nursing Home Costs Raise Concerns
