The prospect of living assistance can seem foreign when you have been fully capable of handling all of your own day-to-day tasks throughout your life. Without question, this is not a pleasant subject, but you should be aware of the facts when you are devising a plan for aging. In this article, our elder law attorneys will discuss some of the most important issues relating to nursing home care. How likely is it that I will need long-term care? In reality, most senior citizens will need … [Read more...]
Estate Planning is Essential Whether You Are Married or Not
People who are single and without children often have fewer familial responsibilities than parents and people who are married. But individuals who are childless and unmarried need an estate plan just as much as anyone else and perhaps more. Let our estate planning attorneys help you get started. The need for incapacity planning is the same If you were married and could not communicate your own medical decisions, physicians would normally ask your spouse to make decisions on your behalf in an … [Read more...]
Florence Estate Planning Lawyer Discusses Incorporating Life Insurance into Your Plan
These days a lot of families need two incomes to make ends meet so it is important to consider where your family would be if one of those incomes were to suddenly disappear. A lot of people think that estate planning is only relevant to older Americans; but in some ways, it is more important for younger adults. More people may be directly relying on them for the money they bring in regularly. Life insurance is crucial for income replacement for most people. As a result, our Florence estate … [Read more...]
What Seniors Should Know about Medicaid, Medicare, SSI and Special Needs Trusts
Many people who have disabilities are not capable of earning much income so a significant percentage of Americans with special needs qualify for Medicaid coverage. Clearly, health insurance is quite important to these individuals so Medicaid coverage is invaluable. There are other types of assistance available for both individuals with disabilities and seniors. Let our Ballantyne elder law lawyer explain these different resources and how they can work for you. Medicaid, SSI, and Special Needs … [Read more...]
Healthy Seniors Need to Consider Advance Health Care Directives
One important thing to remember about estate planning and elder law issues is the fact that even healthy seniors need to plan ahead. This is true not only with regard to the potential need for long-term care but also the need to have advance health care directives in place. Let our elder law attorneys help you determine what you need to consider for your estate plan. Do not overlook the need to plan for long-term care The high costs associated with long-term care are something to budget for in … [Read more...]
Medicaid Planning as a Long-Term Care Solution
In the elder law community, the high and rising costs associated with long-term care are a major source of concern. These expenses are something to keep in mind when you are making plans for the future, and if you stick your head in the sand you may find yourself in an untenable situation at some point in time. The fact is that the majority of senior citizens will eventually need long-term care, so if you make no advance plans you could be unprepared for the cost when the time comes. With this … [Read more...]
Elder Law Lawyers Discuss Important Nursing Home Issues
The prospect of living assistance can seem foreign when you have been fully capable of handling all of your own day-to-day tasks throughout your life. Without question, this is not a very pleasant subject, but you should be aware of the facts when you are devising a plan for aging. In this article, our elder law lawyers will discuss some of the most important issues relating to nursing home care. Will I really need nursing home care? In reality, most senior citizens will need long-term care of … [Read more...]
What Leaving Assets Out of your Living Trust Means to Charlotte Trust Administration
A living trust can be an effective building block to construct your estate plan around because it is a versatile device that is a good fit for a wide range of people. You can benefit from a living trust, even if you do not consider yourself to be wealthy. But, when it comes to Charlotte trust administration proper funding is crucial. Here is what you need to know. How a revocable living trust works The revocable living trust is an estate planning device that you should certainly explore … [Read more...]
Discussing the Difficult Elder Law Issues with Your Loved One
If you are beginning to suspect that a parent or loved one is showing signs that their mental capacity may be on the decline it may be wise to start thinking about how you can help them take care of themselves. Two of the most common indicators of possible incapacity are memory loss and disorientation. For those who have noticed these signs, or anything else that may cause concern, you should speak with your Florence elder law attorneys. Creating a plan is the best thing you can do because there … [Read more...]
Estate Planning for the Future of Your Heirs
People have a tendency to sweep uncomfortable subjects under the rug. When it comes to estate planning, you are talking about death and most people don't want to consider it. Death is inevitable so a complete failure to plan ahead is not very logical. So let our Florence estate planning attorney help you to get prepared. Don’t procrastinate about estate planning Aside from simply being uncomfortable with the idea of death, there are other reasons for procrastination. Some individuals … [Read more...]
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