When Does a Power of Attorney Fail to Do Its Job?
Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.
Elder Law is a legal practice area that focuses on the unique legal issues affecting senior citizens, including estate planning, healthcare, long-term care planning, guardianship, and protection from elder abuse. Elder Law attorneys are equipped to provide legal assistance to seniors and their families, and they understand the complexities and nuances of laws and regulations that affect the aging population.
Overall, Elder Law attorneys work to protect the legal rights and interests of seniors, providing guidance and support to help them navigate the complex legal landscape and plan for a secure and comfortable future.
Learn more about our Elder Law services.
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Every Adult Needs a Will and a Health Care Power of Attorney
A serious illness can happen at any age, but just 18% of those 55 and older have a living will, power of attorney for health care and a last will and testament, according to a 2019 study by Merrill Lynch Wealth Management. AZ Central’s recent article entitled “What to know about wills and health care…
What to Do First when Spouse Dies
After a loved one dies, their affairs need to be set in order. You might find yourself planning a funeral, paying bills and closing accounts. The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
How to Plan for Spouse’s Medicaid
When a spouse enters a nursing home, the cost of care can be financially devastating. Many families are simply unable to afford long-term care without applying for Medicaid.
What States Make You Pay an Inheritance Tax?
As if losing a loved one weren’t hard enough, you might also have to add ‘death tax’ on the property that you receive from the estate—depending on where you live—in addition to all the other costs of death.
SECURE Act has Changed Special Needs Planning
An applicable multi-beneficiary trust can solve some--but not all--of the challenges that the new act presents.
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What Kind of Estate Planning Mistakes Do People Make?
Many people plan their estates diligently, with input from legal, tax and financial professionals. Others plan earnestly but make mistakes that can potentially affect both the transfer and destiny of family wealth.
Trusts Make Sense Even When You Aren’t a Billionaire
Done right by a lawyer, your heirs can avoid the expense and time of probating your will and may save on estate taxes, while easing the administration of your affairs while alive and after you have gone.
What Changes Have Been Made to Protect Senior Investors?
The revisions to the Sanction Guidelines come after both FINRA and the National Adjudicatory Council (NAC) reviewed the current guidelines and expressed concerns over potential undue influence exercised over senior investors or those investors who may not be able to protect their own interests.
Is Transferring House to Children a Good Idea?
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
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