More than 5 million Americans are suffering from Alzheimer’s disease. Alzheimer’s is the sixth leading cause of death in the United States. Of the top 10 causes of death Alzheimer’s is the only one that cannot be cured or prevented. One out of every eight senior citizens is living with Alzheimer’s disease. The costs associated with Alzheimer’s care totaled around $200 billion in 2012. Someone in America contracts Alzheimer’s disease every 68 seconds. Approximately 45% of people 85 years of age … [Read more...] about Plan Ahead for Real Threats of Alzheimer’s [Infographic]
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Use Power of Attorney, but Carefully
Through a properly drafted power of attorney, adults can allow others to make decisions on their behalf. Powers of attorney often occupy a key place in many estate plans because they offer such great flexibility and are easily tailored to fit almost any situation. Unfortunately, there are some potential downsides to using powers of attorney that you need to consider before you create these powerful documents. Coordinating Power of Attorney and Third Parties When you create a power of attorney … [Read more...] about Use Power of Attorney, but Carefully
Critical Injury Insurance Questions
One important piece of estate planning is acquiring the appropriate type of insurance coverage necessary for your needs, such as critical injury insurance. Many people who create estate plans know that they will have to decide on the types of inheritances they want to leave behind, make allowances for the possibility of becoming incapacitated, and create specific legal documents that will carry out their wishes after they are gone. But insurance also plays an important role in this … [Read more...] about Critical Injury Insurance Questions
Making the Most Out of Your Trust: The Schedule of Assets
A trust schedule of assets is a useful tool regardless of the type of trust you are creating. Anyone beginning the estate planning process in New York can expect to create one or more trusts as part of that process. The individual trusts you create will afford you specific benefits depending on the type you choose, but all of them require similar steps. The trust schedule of assets is a tool you can use to help you ensure you go about the trust creation process effectively. Here is what you … [Read more...] about Making the Most Out of Your Trust: The Schedule of Assets
Why Lawyers Talk About Simple, Complex, and Living Trusts in New York
A lot of people come to an estate planning lawyer in the Rochester, New York area and want to, for example, to have their lawyer help them create a living trust. While there is nothing wrong with wanting a living trust, or any other type of trust for that matter, you need to first know what different trusts do before you can decide which one type is good for you. Proper estate planning in New York means that you have to match your individual needs with the appropriate estate planning tool. As … [Read more...] about Why Lawyers Talk About Simple, Complex, and Living Trusts in New York
