Your loved one’s well-being depends on how you advocate for them in a nursing home. Residents in nursing homes and other long-term care facilities are disproportionately affected by the flu, pneumonia, COVID-19, and other contagious diseases. According to the American… Read more »
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Understanding Special Needs Trusts
Trusts are generally created when one person or firm manages assets for the benefit of another. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary…. Read more »
A Guide to Understanding the Probate Process
During probate court, a person’s will is validated and the executor is responsible for handling the decedent’s assets, debts, and final tax filings legally and according to the decedent’s wishes. To begin probate, a personal representative or executor must file… Read more »
After the Death of a Loved One, How to Handle Their Digital Footprint
It is common for adults to not have made a will or estate plan, let alone one that addresses their online profiles and accounts. As your online presence grows professionally and personally, taking charge of your digital assets and plans… Read more »
What Are Your Duties If You’re Named a Property Guardian?
Martin, your grandfather, is no longer able to decide for himself. You are chosen by a judge to serve as Martin’s property guardian and assist Martin with financial management. You become Martin’s “fiduciary.” The law now requires you to act… Read more »
Planning an Estate for an Unmarried Couple’s Assets and Property
The number of Americans who are widowed or divorced has reached record levels, causing new partnerships to form among older Americans. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally… Read more »
What Is the Process of Estate Administration?
The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in… Read more »
In the Event of the Death of a Family Member Without a Will, What Do You Do?
COVID-19 has raised awareness in the US more than ever about the importance of having a will, a living trust, or a living will. Still, this knowledge is not translating into estate planning action. No matter your age or asset… Read more »
Do-it-Yourself Estate Planning: The Perils
Do-it-yourself estate planning may seem like a cost-saving option. However, it can be costly in the end, both financially and in terms of family well-being. Estate planning involves important decisions about how your assets will be distributed after you die… Read more »
Guardianships: Protecting Your Finances and Right to Vote
All US citizens have the fundamental right to vote, but if you become a ward through a guardianship process, you may lose that right. You could also lose control of your finances to someone you don’t fully trust. By nominating… Read more »