When you are planning for potential incapacitating situations and need to appoint someone to manage your affairs, a power of attorney is an essential tool. In these documents, one or more agents can be granted broad authority over your behalf…
Creating a comprehensive estate plan is the key to ensuring your loved ones inherit your wealth. Many of us, however, overlook the importance of communicating our estate plan to family and heirs. No matter how thorough and current your estate…
Occasionally, you may be asked to act as a power of attorney for a family member or friend. Your loved one may be planning for when they are unable to take care of their affairs. For instance, they might become…
In the United States, fifty-three million people care for family members who are aging. In the US, approximately 17 percent of the population is a caregiver, and many are losing sleep, worrying, losing income, and finding it challenging to balance…
According to the National Institute on Aging (NIA), long distance caregiving involves providing care to a person who lives an hour or more away. Caregiving can take many forms, including arranging for in-home care, managing money, paying bills, and providing…
The hospital bills of my uncle are due, so I need to make the payment. In 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn’t, like now.…
Probate litigation is often exacerbated by many family circumstances. In addition, there are two fundamental reasons: families disagree on how to handle mentally incapacitated family members or disagreements on how to dissolve an estate after death. Sibling rivalry, second marriages…
The probate process is the process by which judicial officials, such as probate judges, process a will. While state probate laws may differ, the general process remains the same. The probate process is used to prove a decedent’s will. Probate…
Medicaid is a joint federal and state program that pays for long-term care costs for individuals who meet certain asset requirements. The cost of long-term care often has devastating financial impacts for Americans, particularly the elderly, and family members who…
Wills are legally binding directives that state who will inherit your assets upon your death. They are an integral part of a comprehensive estate plan. In the event of your death without a will (intestate), your assets will be distributed…
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