As elder law attorneys, we have a finger on the pulse of matters that are going to be of interest to senior citizens. One of the most pressing factors that we see day after day is the impact of Alzheimer’s disease. Everyone should have a thorough understanding of its reach along with the legal and financial implications. Aging of the Population During the period between 1943 and 1964, unprecedented numbers of infants were born. This has been dubbed the “baby boom,” and if you take a moment to … [Read more...] about Alzheimer’s Disease: The Inconvenient Truth
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Three Reasons to Use a Living Trust
A lot of people harbor misconceptions about last wills and trusts. They think a will is the only logical choice if you are not extremely wealthy. In reality, this is nothing more or less than a widely embraced myth. Like a lot of misguided notions, there is a kernel of truth in it. High net worth individuals that are exposed to estate taxes do in fact use trusts to gain tax efficiency. However, a revocable living trust is a great choice for a wide range of people, and you don’t have to be … [Read more...] about Three Reasons to Use a Living Trust
Conservation Easements Can Be a Good Solution
Often, a client wants to keep land in the family. Sometimes they want to discourage further development and get tax benefits for doing so. A conservation easement can help achieve both objectives. Read on to learn more. … [Read more...] about Conservation Easements Can Be a Good Solution
Has Your Estate Plan Been Updated?
Studies are conducted on an ongoing basis to measure the estate planning preparedness of American adults. They consistently find that a surprising number of individuals are going through life without any of the appropriate documents. In fact, the 2020 survey that was conducted by Caring.com has found that the preparedness is actually decreasing rather significantly. Since so many people are prone to putting this basic responsibility on the back burner, once they do take action, they … [Read more...] about Has Your Estate Plan Been Updated?
What Are the Steps in the Probate Process?
If you recently lost a loved one, you are undoubtedly going through the grieving process that follows. While you may not wish to think about the practical steps that need to be taken as a result of your loved one’s death, you may have to do so if you were named as the Executor of the estate in the decedent’s Last Will and Testament. If you have never before served as an Executor, however, you probably do not know where or how to begin the probate process. Although it is always wise to consult … [Read more...] about What Are the Steps in the Probate Process?
