A comprehensive estate plan should do more than just provide a roadmap for the distribution of your estate assets when you die. In fact, your estate plan can help further a number of related goals and objectives. The additional components you incorporate into your estate plan will depend on your individual goals and objectives. Incapacity planning is one of the most common additions to a thorough estate plan. If you plan to incorporate incapacity planning into your estate plan you will likely … [Read more...] about Why Is a Living Trust Better than a Power of Attorney?
Those who want to be comprehensively prepared for the future should be very practical and avoid wishful thinking. If you prepare for potentially challenging situations in advance you are doing what you can to control the fallout. With the above in mind you would do well to execute the appropriate incapacity planning documents when you are planning your estate. There is a distinct possibility that you will suffer a period of incapacity before passing away. This sometimes happens to people … [Read more...] about Documents to Include When Planning for Incapacity
As your parents get older you must try your best to work together as a family. It can be difficult for some senior citizens to accept the reality of reduced capabilities setting in, but be this as it may it is up to the children to take the appropriate actions. When you look at the statistics you see that the majority of senior citizens require some form of living assistance eventually. Some people receive in-home care, and more often than not this care is provided by family members and/or … [Read more...] about Role Reversal: Taking Care of Aging Parents
Making sure that your financial house is in order is certainly at the root of estate planning as we all know. However, some people stop there and fail to see the total picture. Elderly individuals do not usually die without suffering some type of gradual decline. In many cases this can include a period of full or partial incapacitation. As a result, it is wise to consult with a good South Carolina estate planning attorney to make sure that you are preparing for all eventualities … [Read more...] about Positive Development on Alzheimer’s Front
You have to be prepared for the possibility of incapacity if you want to plan ahead for the future in a comprehensive manner. This falls into the category of those instances when you hope for the best but make sure that you are ready for any challenges that may present themselves. There are those who don't take incapacity planning seriously because they are under the impression that it is very unlikely that they will ever become unable to make their own decisions. But when you put the matter … [Read more...] about Incapacity Strikes Significant Percentage Of Elders
When the topic of estate planning arises people generally think about preparing their assets to be transferred to their loved ones after they pass away. Indeed, this exercise is at the core of estate planning, but during current times there are other issues to consider as well. Medical science is capable of some amazing things as technologies advance, and doctors can now keep people alive using artificial means for extended periods of time when they are in an unresponsive and terminal condition. … [Read more...] about Advance Health Care Directives: A Necessary Inclusion