It can be a challenge to start legally formalizing family values and assets if you start too late. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during childhood, then continuing…
Policymakers consider both direct and indirect costs when they consider the costs of dementias like Alzheimer’s disease. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month spent…
Many parents find talking to their children about their finances uncomfortable. Talking about how much money or property you have is usually viewed as taboo. Asking someone else about what they have is often considered impolite. But failing to talk…
When you are Estate planning with a child with special needs, it requires specialized planning. Looking to the future as to how your child will be able to function in the world as they age is particularly tricky to assess.…
Diminishing brain function due to the onset of dementia can lead to the accidental destruction of your financial well-being. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings accounts,…
There are often day-to-day challenges that exist alongside the love and care a family member with special needs require. What some families don’t know is that there is a greater urgency to craft a solid financial and estate plan when…
Who should you trust to manage your financial well being when you are no longer able to do so? A power of attorney (POA), otherwise known as an agent to your principal, has the legal authority to represent and make…
Estate planning may sound like the domain of the very wealthy, however, in the eyes of the law, an estate is simply the aggregate of property an individual owns, and most everyone owns something. Property ownership includes individual as well…
Probate is the legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors. After an asset-holder dies, the court will appoint a valid will's executor to…
At its most basic level, a will allows you to appoint an executor for your estate, name guardians for your children and pets, designate where your assets go, and specify final wishes and arrangements. A will is only enacted upon…