Estate Planning

If you are a part of the millennial generation or younger, there is a steady path you can pick that can over time make you a self-made millionaire.

Assisted living rent can vary from $2,000 to $5,000 monthly. Depending on what type of care your loved one needs, assisted living can be the most affordable solution when compared to a nursing home ($5,000 to $10,000 or more per month) or long-term in-home care.

A significant portion of Americans are saving nothing for retirement and very little in their day to day lives. While the unemployment rate is low and wages are seeing an increase the American worker is not saving enough of their income which will inevitably lead to shortfalls of operational cash during an unexpected crisis and in their retirement years further down the road.

Senior living faces many issues. Solutions to these problems are consistently being discussed by the government and other stakeholders. However, many of these issues are difficult and costly to solve. For example, staffing and regulation of facilities are problems consistently faced by senior living. Fraud and abuse are also issues that seem to plague this industry. Let’s take a closer look at these issues.

Before you retire or leave full-time employment for other pursuits, consider the impacts of your decision on the financial well being of your future. The transition to your next phase of life, whether full or semi-retirement, adventure seeking, or family driven, requires thoughtful planning to avoid needless surprises that can mean the difference between financial success or financial stress. Whether you have been planning your retirement for decades or days, contemplating these six key retirement elements can help you avoid unexpected problems.

We, lawyers, prepare powers-of-attorney documents so that when our clients can no longer act for themselves, the documents will convey on other trusted people the authority to act on our clients’ behalf.

 But when it comes to actually using those documents at the time of a health-care crisis, clear and powerful documents are just the beginning. The decision-points can (and must) be put down on paper in advance, but when it comes to end-of-life situations, the clarity on which we lawyers thrive can be very hard to find.

 Sitting in her lawyer’s office, the client may have been quite certain about health-care decisions. She does not want her life prolonged by a battery of aggressive treatments, where these would not preserve her quality of life.

When we first meet with clients to prepare an estate plan, often, one of the primary goals is to avoid probate. Many people do not know, however, that even if you successfully prepare to avoid probate in your home state, without the proper planning, any property you own outside of your state may be subject to a specific type of probate proceeding called ancillary probate. To help better inform you about this type of probate proceeding, let us share with you a few common questions we receive from clients about ancillary probate.

What is ancillary probate?

Ancillary probate is a special type of probate proceeding that may be required in addition to a state probate proceeding. This is true if you own real property or other assets that are attached in a state outside of your home state.
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It is a common misconception that Estate Planning is just for wealthy people, while Elder Law is only for aging adults and seniors. In reality, however, neither is true. Everyone can benefit from thinking ahead to the future and planning accordingly, regardless of age. We know that planning for the future can be overwhelming to think about, but having an understanding of your unique planning goals and needs is important for you and your loved ones. This is why we want to share with you some information about both Estate Planning and Elder Law, so you can make an informed decision about the right type of planning for your unique goals and needs.
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What Is Estate Planning?

This is a question everyone should be asking themselves, yet unfortunately many don't and it is a sad situation when someone passes away without one.  Death is something that is not a matter of "if" this happens, but "when" this happens.

Estate Planning is for everyone.   

However, if you don't have one, don't worry because your State will have one for you, although you probably won't like it.  No matter how small or large your estate is.
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