Whether you are identifying an executor (say, on your behalf) or you are the chosen executor, there are certain criteria to consider - the complexity of the task and how you will go about it. The following responsibilities follow the…
Annually, American elder financial fraud and abuse total between 2.6 and 36.5 billion dollars in lost assets and money, according to the National Council on Aging (NCOA). The NCOA believes instances of elder financial abuse and fraud are likely underreported,…
We’ve all heard of trusts, often in reference to someone who is the beneficiary of a trust fund. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all…
Those who have loved ones with disabilities and wish to save money tax-free often create special needs trusts (SNTs) to supplement their loved one's unique needs and quality of life while continuing to qualify for public assistance. In 2014, the…
When you plan your estate, your assets, interests, and loved ones are protected after your death. There are many individuals who make costly mistakes when they do not seek the advice and guidance of an experienced estate planning attorney. Poor…
There are more than one million widows or divorcees among the older US population, leading to new partnerships. According to the US Census Bureau, more than half of all older adults have only married once, choosing to stay single for…
A charitable trust is a kind of irrevocable trust that benefits both you and the beneficiary while also providing income for your heirs. A charitable trust can provide many financial advantages to those with nonessential assets, such as stocks or…
Estate planning presents unique challenges for families with special needs children. Planning your estate to use, enhance, and enrich assets for a special needs child while maintaining their enrollment in public benefits programs requires careful consideration. With the help of…
Never before in human history has there been a time like this in terms of finance. Baby boomers are preparing estate plans to leave their legacies to their children, putting America on the cusp of the largest transfer of wealth…
As a legal advocate for aging adults and their loved ones, an elder law attorney or certified elder law attorney specializes in elder law. Generally, elder law involves a wide variety of issues relating to the elderly or disabled. Under…