Gathering the information to create an estate plan is probably not a pleasure. However, the reason for the estate plan is to protect your family from problems in the future, according to J Weekly in "Estate planning wards off problems later on."
Now is a great time to get started on long-term care planning as part of a comprehensive estate planning package. Elder Law attorneys use the following information to help you determine your income from government programs like Medicare and Social Security and incorporate these figures into a plan to accomplish your goals.
Many people with senior loved ones residing in nursing home facilities may not be aware of the ombudsman program. The long-term care ombudsmen are advocates for residents of nursing homes and assisted living facilities.
Being an executor or personal representative in administering an estate of a deceased person is a big responsibility and can often be rather complicated. The executor must inventory assets, notify creditors, file the decedent's final tax return and distribute any remaining property to rightful heirs.
The state of Maryland submitted a COVID-19 mass vaccination plan to the Centers for Disease Control and Prevention (CDC). The plan focuses on two major phases of vaccine availability and distribution.
Drafting and signing your living trust does not conclude the estate planning process. It is important that you continue to adequately fund the trust to accomplish your goals.
A fiduciary is a person named in a private agreement or by a court to hold a position of trust. The fiduciary must act in the best interests while handling medical and/or financial affairs for another person either while he or she is still alive or after passing away.
Individuals who suffer from Alzheimer’s disease and other forms of dementia are prone to wandering. This is often caused by the decline in cognitive functioning and symptoms such as restlessness and confusion that are associated with this decline.
Whether you created a revocable or irrevocable trust or you are the beneficiary of a trust, there may come a time when you think the trustee needs to be removed and replaced. Trusts can be a very beneficial component of an estate plan.
