Talk to your parents about their finances as they age. To start the conversation, mention events like the Coronavirus pandemic, the impact it has on economic conditions, and how it is related to their financial security. The conversation should come…
You can ensure your loved ones are taken care of after your death by creating an estate plan that distributes assets according to your wishes. It requires organization and strategy and begins with five key legal documents that can address…
It is common knowledge that estate planning is important for older adults, but almost half of them lack a will or power of attorney, and even fewer have a living will or health care directive. These documents help guide your…
The number of living wills created and signed each year is increasing, and many people believe they are protected if they have made a living will. Unfortunately, medical professionals misinterpret end-of-life care documents more often than you think. The issue…
Who should you rely on to maintain your finances when you are no longer able to do so? A power of attorney (POA), also known as an agent to your principal, has the legal authority to represent and make decisions…
As seniors age, they increasingly count on help from family and friends to take care of their financial and health care matters. They often believe that their family members will be able to take care of any issues that arise.…
It is critical your “power of attorney” (POA) documents are clear and comprehensive for when the time comes when you are unable to handle your finances or make healthcare decisions. Beware if you rely only on POAs that hospitals provide,…
It is essential to have a solid health care power of attorney, especially for diseases like ALS and Alzheimer’s. Additionally, it is important to know that a good “basic” advance-directive document needs considerable supplementation when it comes to a dreadful…
The sudden rise of the coronavirus has left many both confused and unprepared. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like COVID-19 might strike, we…
You should check your estate planning documents every so often, to make sure they’re still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change.…