Most adults do not have an estate plan even though they know they should. We know it is a topic that is unpleasant to ponder, but it is something that, unfortunately, must be thought about seriously. And if you keep avoiding it until the inevitable, then you set up those you hold dear and/or any heirs for potential hassle and
If 2020 has taught us anything, it is that our lives can change in an instant – and in so many unforeseen ways. With the end of 2020 upon us, you may be tempted to try and put everything about it in the rearview mirror. However, there is much that we can learn from all 2020 brought us. This year
August 2014 1. Getting old is financially scary No matter how much money one may have, thinking about covering the expenses associated with aging or dealing with the unknown can be extremely scary. What if your elderly parent doesn’t have enough insurance or savings to pay for long term care or a terminal illness such as cancer? Talking to a
You may be taking care of elderly parents now or looking at that possibility in the near future. According to a report from USA TODAY/ABCNews/Gallup Poll, 41% of baby boomers are helping take care of elderly parents by providing personal help or financial assistance or both. If financial planning and long term care planning have not been done previous to
Include End-Of-Life Planning When Anticipating Long Term Care
2011 The Brown family reunion has always been an event everyone looks forward to. Family visits, games, stories and everyone’s favorite foods are always on the agenda. On the top of the menu is Grandmas Lemon Coconut Cake. Grandma always makes the traditional cake from her old family recipe. This year, however, the cake tasted a little on the salty
The specialty of Elder Law is becoming more important as our population ages. People are living longer, but in many cases, are not living better. “The number of older individuals in the population is projected to increase to 71.5 million in 2030, representing nearly 20 percent of the U.S. population. As a result, the need is growing for specialized legal advice about aging-related issues.
We spend our lives making plans and preparing for future events. From the beginning we plan and work towards education, a career, marriage and a family. We work hard and save, invest and build our assets. We insure to protect our home, automobiles, health and medical needs. Retirement age comes and our plan is finally in place. Finances and
Most Georgia parents want to create a lasting legacy that they can one day pass on to their children. For parents of children with special needs, estate planning often involves more than just leaving an inheritance. Special needs trusts can perform specific and specialized functions to ensure the continued care of adults with special needs, even after their parents have
Although virtually no one likes to think of becoming unable to make decisions on their own behalf, this is a reality that many people deal with each and every day. This makes having a living will and power of attorney a good idea for just about anybody in Georgia, but especially those who are well into their retirement years. However,
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