Millions of seniors have never discussed estate planning, end-of-life decisions or long-term care with their loved ones. However, as seniors age, their families often have to make difficult decisions about their care, finances and healthcare. In most cases, these...
Elder Law & Estate Planning
What should you know about signs of undue influence?
Undue influence is a term most people will likely not come across in their lives until they have to deal with estate planning, especially with elderly relatives. Unfortunately, undue influence cases happen more often than one would want to think. It is important to...
How often should you update your estate plan?
Most of the documents in your estate plan are revocable, meaning that you can make changes to them whenever you want to. This may include scrapping an old, outdated document altogether and replacing it with a new one that is more accurate. According to CNN Money, you...
Tips for naming a legal guardian for children in a will
When you have children, you may start to think about the future and who might care for your kids if you happen to pass on unexpectedly. The New York Times notes that the children of parents who have no will may end up in the foster care system, despite the parents'...
Going over the requirements for special needs trusts
If you have a loved one who struggles with a disability and you worry about their future, it is important to understand how estate planning could benefit them and provide your entire family with peace of mind. For example, you could have the ability to create a...
Should you have a living will or medical power of attorney?
Estate planning ensures you can continue to take care of your loved ones after you are gone by distributing your assets among them. However, they can also protect you while you are still alive but unable to make decisions about your health. According to the Mayo...
Which of your children is best fit to be your executor?
Putting together a complete and thorough estate plan is hard work. There are many elements that you have to keep track of, and you have to think of and plan for all possible contingencies. Possibly the most important decision you will make during the estate planning...
How can I create a reliable estate plan?
Many people find the process of creating an estate plan intimidating. While that is understandable given the magnitude of the task, you must have a solid estate plan in place to safeguard your family should the unthinkable happen. According to U.S. News & World...
Talking with your parents about an estate plan
You can play a key role in helping your parents prepare for a comfortable retirement. For them, having an estate plan may enable them to make goals for their future, as well as coordinate their end-of-life affairs to reduce stress and uncertainty in their later years....
What is a funeral preneed?
Any time you invest in estate planning, it is important to remember why. You plan your estate to reduce the burden on your future and the future of your loved ones. This happens by detailing your will or establishing trusts for the assets you want to protect. Another...
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