Essential Legal Tips When Considering Longterm Care (Part 2)

This article looks at more legal tips that should be considered in terms of a person’s long-term care needs. The key points around putting your affairs in order while you are still able including safeguarding your assets so they do not contribute to financing your long-term care are reviewed. Request regular reviews Your Care Manager… Continue reading Essential Legal Tips When Considering Longterm Care (Part 2)

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Why Do We Need a Will?

The Importance of a Will Wills are important for a variety of reasons, the greatest of which is to ensure that YOU decide how your estate is distributed to and among your loved ones. However, here are four more benefits to having a Will: 1. To appoint a Guardian for your minor children 2. To… Continue reading Why Do We Need a Will?

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Why Is Financial Elder Abuse a Growing Problem?

Unfortunately, elder abuse occurs every day in the U.S. Mistreatment of seniors can take many forms including abandonment or neglect, physical, psychological, verbal, sexual or financial abuse. Of all types, financial elder abuse is one of the most common and can have devastating consequences for the targeted senior. This type of abuse can be inflicted… Continue reading Why Is Financial Elder Abuse a Growing Problem?

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Public Guardian Prevents Misuse of Dementia Sufferer’s Money

The loss of the mental capacity needed to manage one’s own affairs isn’t only traumatic for the individual concerned – it can be a huge worry for the family too. Lasting powers of attorney, or LPAs, are a long-standing and trusted way of enabling a nominated party to take over financial and other official dealings.… Continue reading Public Guardian Prevents Misuse of Dementia Sufferer’s Money

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Fixing Five Fiduciary Fumbles

Executors frequently go to work with no “on the job training.” They are often well intentioned volunteers, chosen on the basis of family relationship rather than knowledge and experience. However, ignorance of income and estate tax law can be costly to the beneficiaries and the executor. First Fumble: Don’t waste deductions for administration expenses. Legal,… Continue reading Fixing Five Fiduciary Fumbles

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Estate Planning – It’s Just As Much Life As It Is Death Planning

I had a potential client call me earlier in the week asking me if he needed a will. The caller wasn’t married and had no children or grandchildren. He didn’t own any real property. All of his bank accounts had payable on death beneficiaries and he owned minimal personal property. He had the perfect plan;… Continue reading Estate Planning – It’s Just As Much Life As It Is Death Planning

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