Most people believe that receiving a large inheritance from a loved one would be life-changing. At least one study, however, found that about one-third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth after receiving the inheritance, meaning that they most likely spent everything they received.[1] For baby…
Continue reading ›Congratulations on the purchase of your new home! Whether this is your first home or you are upgrading or downsizing from your current home, the purchase of a home is a big event in your life. When major life events occur, it is important that you have a plan in place to ensure that you…
Continue reading ›You can help your aging parents feel calm and at ease with the assistance of an assisted living community. Identifying the suitable facility “fit” for your loved one is a journey requiring matching your parents’ needs, budget, and lifestyle with desirable locations. Research and preparation yield the best results when all parties participate by asking…
Continue reading ›Probate is the legal process by which the estate is authenticated and the deceased’s assets are distributed to the beneficiaries. Whether or not you require probate depends on the type of property and how you own it, and the state laws in which you live. While probate can be a complex process for vast estates,…
Continue reading ›Envision a pair of aging parents that have been farmers their whole lives and own their farm. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm, but the rest of the siblings have moved away and they aren’t…
Continue reading ›My uncle got critically ill and ended up in the hospital. He asked me to take care of his bills while he is incapacitated. Back 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. But the bank is rejecting…
Continue reading ›A married couple, Ginny and George, had extended family they wanted to leave their assets to when they died. Unfortunately, Ginny was then diagnosed with cancer. She began to worry: What could happen if she died before George did, and George remarried? Or vice versa? What if the second spouse started pushing to get what…
Continue reading ›Probate is the legal process by which the estate is authenticated and the deceased’s assets are distributed to the beneficiaries. Whether or not you require probate depends on the type of property and how you own it, and the state laws in which you live. While probate can be a complex process for vast estates,…
Continue reading ›An elder law attorney can assist you or your loved one with all matters concerning health and financial planning for the future. Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health care needs, quality of life, and financial well-being. Specific…
Continue reading ›Senior care-taking has entered a new realm with the advent of artificial intelligence. There is a need to provide an ever-increasing aging population with consistent and competent health aides. In the United States, the healthcare industry employs over 4.5 million nursing aides and orderlies and home health aides and personal care aides, and yet it…
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