With so many long-term care housing options available, how do you choose what's right for your loved one? That's where a Life Care Planning Law Firm can make all the difference.
When your parents reach a point where you’re concerned about their health and safety, where should they live?
How can you enjoy the holidays without losing your mind--even if your loved one has dementia or Alzheimer's disease? Life Care Planning Law Firms have plenty of experience in this area. Try these tips to thrive during the most joyous time of the year.
What happens in a Life Care Planning Law Firm that makes it possible for clients to feel such relief? Learn more about the focused interactions between attorneys, care coordinators, public benefits specialists, and others that bring peace of mind to so many.
Nearly every Life Care Planning Law Firm counts veterans as clients. Why is working with veterans such a passion?
What is estate planning? Many people mistakenly think that estate planning is intended for the wealthy only. Not true. Estate planning is a continuous process that should begin as soon as you have measurable assets. As life goes on and your life goals change, your estate planning and estate trust should reflect your objectives. Without a congruous estate trust, you risk putting undue financial burdens on your benefactors, including estate taxes that can exceed 30 percent of asset value.
You may be wondering why it’s so important to have an understanding of your parents’ plans and wishes regarding their finances. Gaining a better understanding of their estate plan or estate trust may be difficult to talk about at first but if you don’t begin the conversation now, a sudden change in your parents’ health or an untimely death can quickly lead to an estate planning nightmare. If their wishes are not clearly known or if a will is not in place, the court system will decide how your family’s assets should be divided, through intestacy laws.
As part of creating a life care plan to meet your future medical and financial needs, consider two types of living trusts – a revocable living trust and a living trust plus. A revocable living trust provides you with full use of the established trust income and principal for life. When you die, the assets included in the revocable trust may continue to be held in trust for beneficiaries, such as your children, or may be distributed.
Having a last will and testament helps ensure that your wishes regarding your trusts and assets distribution are honored after death. But even though you may think you have everything in place, you should take a careful look at several of the following common errors made in a last will so you may avoid them.
