Incapacity is something that most of us never want to think about and hope will never become an issue for ourselves or our loved ones. If it appears that your parent or loved one is exhibiting signs of decline in their mental sharpness, it would be a good idea to start considering how to make sure they can take care of themselves. Common signs of possible incapacity are disorientation and memory loss. If you have noticed either of these signs or anything else that may concern you, discuss your … [Read more...]
Charlotte Medicaid Planning to Protect Eligibility
There are many limitations imposed by Medicaid on the financial resources of applicants. If you wish to protect your eligibility for Medicaid benefits in the future, it is important to discuss your options with our Charlotte Medicaid planning attorney. Issues to consider during your Charlotte Medicaid planning should also include how and when you can transfer assets out of your estate. The cost of long-term care is extremely high and continues to rise. According to some reports, the national … [Read more...]
What Do You Need to Know About the Estate Administration Process?
There is a lot you should know about the estate administration process especially if you will serve as an executor for a loved one’s estate. This article will share with you some of the most important things an executor should know. When a loved one asks you to serve as an executor of an estate, chances are that your first thought isn’t about all the work that job requires. If you’re like most people, there’s an initial rush of satisfaction and a feeling that you’ve just been given an incredible … [Read more...]
Answering a Common Social Security Question
If you find that your Social Security check is not going to be enough to fund your lifestyle as a senior citizen, what do you do? The logical course of action would be to continue working until you reach the point where it is simply not necessary anymore. One very common question that arises with regard to working and Social Security involves a potential reduction in Social Security benefits. The age of full Social Security eligibility varies depending on the year of your birth. For those … [Read more...]
Opportunists, Predators Prey On Elderly
Within the elder law community, there is a great deal of concern about the apparently burgeoning plague of elder financial abuse. According to a Consumer Financial Protection Bureau report (summarized in an article from the Northern Kentucky Tribune), this problem is on the rise, costing seniors (and their eventual heirs) billions of dollars. The CFPB broadly describes two different types of scenarios that are common within this arena. One of them involves crimes of opportunity. These … [Read more...]
Latest Long Term Care Costs Are In
When Ashland KY elder law attorneys assist clients who are preparing for the costs of aging, they look in particular at potential long term care costs. If you have not done any research into the subject, you may be quite shocked to hear just how expensive this care has become in the United States. Genworth's Cost of Care Survey summarizes the long term care costs in America. If you had spent a single day in a private room in a nursing home in the United States in 2018, the national median … [Read more...]
The Ins and Outs of Huntersville Trust Administration
When it comes to estate planning, trust administration is a critical component. Included in that is the trustee’s role in administering the trust. The trustee is the person who has been chosen to be responsible for complete management of the trust property and other important duties. With Huntersville trust administration, here are several really important facts that a trustee must know to properly fulfill his or her duties. Recognize that Huntersville trust administration can be … [Read more...]
Useful Probate Tips for Charlotte, NC Residents
Providing for your loved ones after you pass away is a serious endeavor. This involves a final loving gift of all the assets and personal possessions you have accumulated throughout your life. Considering the importance of this gift, you do not want to take chances with the creation of your last will. For this reason, be sure to discuss your options with our Charlotte probate lawyer. Beware of Do-It-Yourself Estate Planning You will see certain companies on the Internet hawking do-it-yourself … [Read more...]
What Type of Trust Protects Assets?
Securing your wealth is important which is why our estate planning lawyers work with families on effective asset protection strategies. As more than one commenter has observed, getting wealth is one thing; keeping it is something else entirely. That’s true for all of us -- you don’t have to be wealthy for your assets to be at risk. How to Make the Most of Your Insurance Policies For most of us, insurance is the only real asset protection we’ve ever known – though many people may not recognize … [Read more...]
Our Ashland Trust Attorney Explains How a QTIP Trust Works
You can have several different goals for your estate plan but that can sometimes get a little bit tricky. Complexities can arise when you have children from a previous marriage and you get married again. On the one hand, you want to make sure that your new spouse is provided for after your death. On the other hand, you probably want to take care of your children as well. Our Ashland trust attorney wants to tell you about a QTIP trust and how it can improve your estate plan. What Type of Trust … [Read more...]
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