Category: Health Care Proxy
“The disadvantages of do-it-yourself elder law estate planning are costly errors, omissions and neglecting protections.” What usually happens when people do their own estate planning or work on elder law issues, without a lawyer who has years of practice? They may not incur the costs on the front end, but the costs, in financial and […]
“More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets. The problems aren’t always evident when the first parent passes. Often, it’s when the second […]
“Does a Power of Attorney ever lapse? What happens if I change my mind and want to take the Power of Attorney back? Can the Power of Attorney refuse to return the authority?” These are all good questions, as Powers of Attorney (POA) are some of the most commonly used estate planning documents and they […]
“All it takes is one accident or medical emergency while out-of-state in Arizona or Florida this winter, for powers of attorney and living wills to pay for themselves.” Before snowbirds begin their seasonal journey to warmer climates, it’s time to be sure that they have the important legal documents in place, advises LimaOhio.com in a […]
“If someone has lost capacity to execute legal documents and has no power of attorney in place or has a power of attorney that is no longer usable (for example, if the named agents are deceased), a guardianship proceeding may be the only recourse.” Having a Health Care Proxy in place before it is needed, […]
“What is the size of the average retirement nest egg? It depends on what you mean by ‘average.’” It’s the question we all wonder about, but not very many of us will come out and ask. A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in […]
“Perhaps one of the most difficult conversations you’ll have as an adult child, is talking about end of life preparations with your parent. For many seniors, this conversation is as hard as the one about having to move to a full-time care facility.” An aging parent’s health can fail suddenly, or they can have a fall […]
“As our children with disabilities grow older, and we ourselves grow older, the future can seem daunting. The future can be overwhelming.” Taking steps to plan for the future when loving parents will not be there to help their disabled child as they age is a hard thing to confront. However, planning in advance for […]
“Estate planning sounds like you need to be of nobility and own country estates before it applies to you. However, estate planning only means that you are making a plan for when you pass away or are no longer able to make good decisions for yourself.” If you switch the term “estate” for “stuff,” maybe […]
“Taking care of these key tasks properly limits the potential for family turmoil and possible legal battles should you become incapacitated, as well as after your death.” Estate planning is a critical part of financial planning, but it is something that many Americans prefer to procrastinate about. However, drafting a will, health care proxy, and […]
