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As an executor, you should also ensure that the estate is settled amicably for all parties involved. One thing to note is that if assets are placed in a revocable or living trust, they cannot be controlled However, the court stays out of the probate and settlement affairs if the assets are under a revocable (living A variety of accounting and legal auditing takes place during the probate process to ensure that each If the beneficiaries live far from each other, documents will be mailed to them, which could delay communication

Where does the prospective guardian live? You and your spouse should have enough life insurance to provide for your kids financially through college Your children will most likely have some type of inheritance that needs to be managed carefully, and Then you and your family can live a full and happy life knowing your kids are taken care of—just in case

Does your child need to or want to live with you? We help our family law clients take a broader look at their life goals and determine what unanticipated Nobody’s life stays the same as it was when their divorce was finalized. These big life changes can trigger a support modification, but only if you bring it to the attention

If a senior is in a situation where his or her long-term care insurance is exhausted and the other assets Long-term care insurance is important; however, it’s also critical to review and revise your financial For Medicaid eligibility, your primary residence is exempt provided you or your spouse live in the house One exception is for the transfer of a residence to a child who has lived in the home for at least two and who during that period provided the applicant with care and services that enabled that person to live

Other folks who will have prenups drafted are those who marry later in life and have acquired assets While you’re at it, put all other estate planning documents in place, like a will, trusts, powers of

This directive will include instructions to determine when life-sustaining treatment should be terminated Many directive to physicians contain a prohibition on intubation, which can be used to prolong life, However, in the case of Covid-19, intubation and placement on a ventilator can actually save a patient’s life It will ensure that your medical treatment instructions are carried out. estate planning documents, be sure to consult with your elder law attorney at Your Legacy Legal Care to ensure

With the excitement of your new career, and maybe some anxiety about juggling your home life and work life, you may not be thinking about taking steps to protect your financial future.

We can help you understand the steps, file the paperwork, and ensure the best outcome for your loved Alternatives to guardianship, like power of attorney, may provide the ability to make decisions that self-harm, lack of food or water, or living conditions that endanger safety. Ensuring Your Parent Gets Proper Care Under Guardianship Gaining permanent guardianship is just the first With compassion and pragmatism guiding the way, guardians enable supportive solutions so that life continues

See if there’s a mortgage and association fees as well as utilities, insurance, and taxes. Asking questions like those discussed above and selecting high quality professionals will put you in

However, with longer life spans and more accumulated wealth among the aging, impatient family members hinge on whether an aging person had the capacity to decide important personal and financial issues—like uniform competency test, some are used more frequently in court—such as asking patients to do tasks like In Redstone’s case, like many others, the situation is even more complicated because the judge has to While the elderly may not always be able to fend off legal challenges like Redstone tried to do, they

For the full conversation on this topic, view the Life Happens podcast episode with Kim and Eddie here Through his caregiving journey, Eddie had a lot to learn to ensure he was helping his loved ones the Kim explains that, for many caregivers, it is like a snowball effect. Eddie began driving his mother and offering to be there for her, which she liked. Most people perceive AARP as being an insurance company or in my case, maybe a travel company.

Whether to convert to a Roth IRA involves a variety of factors, like your age, your financial and life A Roth can help to protect you from increased tax rates that you’ll encounter during your working life You live in a state that’s exempt from income taxes (or it has lower income-tax rates) and plan to move Your family can make tax-free withdrawals for the rest of their lives. NO!