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AL Estate Planning & Elder Law Blog

Tuesday, July 20, 2021

How to Know When It Is Time For Memory Care for Your Aging Parent


Dementia symptoms can vary day to day, which means it may not be easy to pinpoint when it is time for an aging parent to enter memory care. Did you know that worrying behavior, safety concerns, and caregiver burnout can be top signs that it is time for a memory care facility? Let us take a look at ten questions that can help you evaluate your family’s situation. 


The first set of questions relates to behavioral warning signs:


1.


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Tuesday, July 6, 2021

Key Reasons Why You Need to Update Your Estate Plan When You Move to a New State


 

Does your out of state move involve a to-do list a mile long? It often does. If you are moving out of state, does your checklist include updating your estate plan? It should. Let us discuss the key reasons why you need to update your estate plan when you move to a new state.


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Tuesday, June 15, 2021

Skilled Nursing Home or Assisted Living Facility: Making the Right Choice for Your Loved One


Have you felt overwhelmed while trying to choose a senior living environment for yourself or someone you love? There are many different options, with a wide range of residence types, fee structures, and services provided. Two common categories of senior living environments are Assisted Living Facilities and Skilled Nursing Homes. Let us review six significant differences between them.

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Tuesday, June 1, 2021

Estate Planning Tips to Consider When You Near the Proposed Tax Limits


Have you heard of the saying that the only thing certain in life is death and taxes? Did you know that not planning for death, or inheritance taxes, may leave your estate open to significant taxes, as high as forty percent of your estate? Let us review some estate planning tips to consider when you near the proposed tax limits.


Starting with a bit of good news, Alabama does not have an estate or death tax. This means that upon your passing, your estate will be subject to zero state estate tax.


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Tuesday, May 18, 2021

4 Resources to Help Alabama Seniors During National Older Americans Month


   

 

 

 

The Administration for Community Living encourages communities to celebrate National Older Americans Month every May. Did you know that, for 2021, the theme is “communities of strength” in recognition of all that older people have lived through in their lives and learned during that time? Particularly during the pandemic that overtook the past year, people often draw inward and may not stop to think about what their elder neighbors can teach them. It can be, however, more important than ever to make connections with older residents in our communities, both for them and for us. Let us take a look at four resources to help


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Tuesday, May 4, 2021

3 Resources to Use When Caring for Aging Seniors During National Elder Law Month


May is National Elder Law Month. Did you know that by the year 2030, all of the baby boomers will have reached the age of 65? With a burgeoning senior population, National Elder Law Month can be a great time to consider ways to care for aging seniors. This may not be a one-person job.


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Tuesday, April 20, 2021

How to Help Your Aging Parents on National Clean Out Your Medicine Cabinet Day


Friday, April 16, 2021, is National Clean Out Your Medicine Cabinet Day. You may be ready to go in your own household, but what about your parents or other older loved ones? As we get older, we tend to accumulate more medicine for various illnesses or ongoing conditions. It can also become easier to forget what is in the cabinet.


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Tuesday, April 6, 2021

Three Reasons To Consider Including A Pet Trust In Your Estate Plan


There may be many frequently discussed components of estate plans, including the division of assets from your home, to your bank accounts, to family heirlooms and of course, for the parents of minor children, designation of a guardian and assets for the children. Have you considered, however, how your four-legged or other beloved pets will be provided for? Let us discuss three reasons to consider a pet trust in your estate plan.


  1. A pet trust can help  prevent your pet from being placed in a shelter. Unfortunately, when the disposition of a pet is not provided for in the owner’s estate plan, the pet may end up in a shelter with an unknown future. By creating a pet trust, as the owner, you can provide that your pet’s care be entrusted to a friend or family member, who has agreed to become your pet’s new owner, or you can designate a caretaker to be overseen by the trustee of your estate.

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Tuesday, March 16, 2021

7 Questions to Ask Before Updating Your Estate Plan After Remarriage


 

 

 

 

Have you remarried after being widowed? If so, you may have special considerations for updating your estate plan that would not apply if your former spouse was still living and you had been through a divorce. Let us take a look at seven questions to ask your attorney before updating your estate plan after remarriage if you are a widow or widower. Have you remarried after being widowed? If so, you may have special considerations for updating your estate plan that would not apply if your former spouse was still living and you had been through a divorce. Let us take a look at seven questions to ask your attorney before updating your


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Tuesday, March 2, 2021

Think You Are Able to Avoid Probate? 3 Common Mistakes We See


Do you have an estate plan and think that is enough to avoid probate? You might want to think again. Many people are under the impression that because they have a carefully written will, or because they do not have large investment accounts, their estates will not have to go through the probate process. This is not always true.


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Tuesday, February 16, 2021

Using Your 529 Savings Plan as an Estate Planning Tool


Parents typically use a 529 savings plan to fund their child’s college education. Did you know, however, that there may be more ways to use a 529 savings plan? In fact, there can be many other ways to make the most of a 529 savings plan that can actually increase the amount of money available to spend on education. One of these is funding a 529 savings plan with the intent of making it part of your estate plan rather than using it in the near-term future.


Read more . . .


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