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When Paul McCartney penned those lines he was in his 20s. 64 must have seemed ancient to him. A living will or advance directive spells out your end-of-life wishes. A medical power of attorney document names someone you trust to follow the directions in your living Together, these documents give you the best chance possible of calling your own shots until the very You might have noticed that the person given medical power of attorney gets some guidance from the living

If your plan was done five years ago or longer, there might be a few changes in your life besides new Use your common sense and think about what’s going on in your life and in the lives of your family and loved ones. Money Matters: The ‘final’ estate-planning step” #AssetProtection #Guardianship #EstatePlanningLawyer #WillChanges #Inheritance #Wills #Trusts

For one thing, when decisions like this are put off, it often ends up falling on the senior’s children Many facilities will have pictures and descriptions on their web sites that will give you a preview of What do they like best? What do they like least? different areas or offer different amenities, so taking a tour will allow you to see if their services live This is the place where you or your loved one will be living for an extended period of time, and you

Marriage is a blending of two lives, and while this is true on both a spiritual and physical level, it Your newlywed planning will likely include how to finance large purchases such as a home or vehicle. Along those same lines, it is a good idea to create a living will with your spouse so he or she is aware

An estate plan should also have provisions for passing your values to your heirs, like your religious First, create a last will and testament and a living will. A living will states how life-sustaining medical treatment decisions should be made in the event that A revocable living trust is another important estate planning document because it may allow your estate any estate planning yet, begin the process slowly and concentrate on your last will and testament and living

Build an emergency reserve of three to six months of living expenses to decrease stress and prevent the Life insurance should also be examined to provide for loved ones in case of your death. We are living longer, and planning for a long retirement is critical.

Guardianship matters involve significant decisions that impact the lives and well-being of individuals of Attorney Medical Power of Attorney HIPAA Authorization Directive to Physicians (also known as a Living Will) Declaration of Guardian Last Will and Testament Living Trust Having a comprehensive estate plan ones will be properly protected throughout life’s “what ifs”. By revisiting and updating documents such as wills, trusts, and power of attorney regularly, individuals

With sicknesses like cancer and Alzheimer’s disease striking later in life, most Americans will require Because life-altering conditions typically happen later in life, many people in their 60s underestimate Private insurance and Medicare won’t pay for assisted living, continuing care in retirement communities Not likely. The average person enters retirement with a median $131,000 in retirement savings. That’s not enough to pay for long-term care with the average assisted living facility costing more than

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 The beneficiaries of an estate should be updated on the status of their benefits in the event of a loved If the beneficiaries live far from each other, documents will be mailed to them, which could delay communication Speak With an Attorney About Probate and the Settlement Process If you recently lost a loved one and

Basic wills, holographic wills, and pour-over wills all have different purposes. Pour-Over Wills Pour-over wills work in conjunction with separate living trusts that direct property Often used for larger estates, a living trust handles asset distribution among heirs and beneficiaries Key Features Include: Assets transfer to a living trust. Combining a living trust with a pour-over will let you direct valuable asset distribution through the

In our modern era, Americans are living longer, fuller lives. Without long-term care insurance, life can become particularly difficult. When costs start mounting up, you will likely have to pay them out of pocket until you are completely

According to the World Health Organization, currently 55 million people are living with dementia worldwide It is very likely your loved one with dementia may need to be placed into a skilled nursing facility, When a loved one begins to lose cognitive function, we understand the hardships on both the loved one One of our best resources is the short book published by Kim Hegwood, You’re Not Alone: Living with Dementia short book and the bonus materials you will receive with it, please visit www.yourlegacylegalcare.com/living-with-dementia