When you plan your estate, you determine how you want to divide your assets upon your death. Estate planning should also involve determining who will care for your children in case you die by establishing formal guardianship. According to the Children’s Bureau, guardianship lets you pick a caregiver to take care of your children in the event of death or incarceration. The caregiver you choose has certain legal rights Read More

Data from the Centers for Disease Control and Prevention, or CDC, shows that over a quarter of the U.S. adult population lives with some form of disability. Almost eleven percent experience difficulty with cognitive functions like decision making, and 6.8% struggle with performing errands required for independent living. In Georgia alone, 27.2% of people suffer from some impairment. If you have special needs Read More

When planning for your senior years, you may need to give some thought to what might occur if you become incapacitated. An illness or unexpected accident may require your admission to a long-term care facility. If your condition renders you unable to make decisions regarding your health care, it could become the responsibility of an appointed guardian. Rather than letting the courts select the individual responsible Read More

Growing older increases the risk of serious medical issues and illnesses. For some people, these issues are incapacitating, both physically and mentally. When a person is incapacitated, they can no longer make reasonable decisions about their affairs. This is where a power of attorney comes in.  According to U.S. News & World Report, a power of attorney is afforded certain powers over a person’s affairs, and Read More

Nursing home neglect is a very real problem that affects millions of seniors across the United States. Because of this, many families are very tentative when putting their elderly loved one in a nursing home. After all, nobody wants to hear that their loved one is being harmed. However, there are many common complaints when people are new to nursing homes. Doing your due diligence on your loved one’s complaints Read More

Estate planning is not an easy topic to have with family members. If you worry about whether your aging parents have an estate plan, it is normal to feel apprehension about approaching the topic. Business Insider suggests that there is a right way to approach parents about estate planning. Be careful about how you start the conversation Never start the conversation randomly. Estate planning can be a difficult subject Read More

It might seem as if detailing your wishes for your assets and property on paper is all you have to do to protect your legacy for when you die. Unfortunately, even the best-made plans are unenforceable without the right contingencies and estate plan documents. To strengthen your estate plans and put a stop to potential issues that could eat away at its value, you should avoid the following mistakes. Failing to plan Read More

When you create your estate plan, you want to provide for your family no matter what occurs in the future. For some people, the best way to protect the inheritance of their adult children is a trust. How could a trust protect your child’s inheritance from future challenges? A trust could protect your child’s inheritance if you remarry. Around one in five people will remarry later in life. However, as CNBC notes, you Read More

As the child of aging parents, one of your biggest concerns is their care. As they age, they may require more round-the-clock care in a facility. Unfortunately, the cost of these establishments may be high. It can become a financial burden on families. Fortunately, Medicare has some advice on how your parents can afford long-term care. Your family’s resources If you are like most people, you look to your personal Read More

Estate planning allows for a lot of customization in planning how to divide your assets to your beneficiaries. Depending on your particular circumstances, you can choose from two options: a will or a revocable trust.  In a revocable trust, you sign an agreement choosing a person or naming a corporation like a bank to serve as a trustee to administer your trust and manage your property. Executing this document carries Read More