From time to time our blog will address topics posed by Elder Law Group clients. This month’s post addresses settling an estate that includes a timeshare or other vacation ownership property. The first thing to determine when an estate includes a timeshare or other...
Life is full of the unexpected. As we get older it may seem that unexpected events become more common, but we can anticipate and plan ahead for the help we may need. Every adult should have a Durable Power of Attorney for Financial Affairs. In this document you name a...
Do you know how much a nursing home costs today? Hold onto your hat. According to a recent report by Genworth Financial, the median cost for a private room is now $91,250 annually. Costs have been increasing steadily for the past five years at 4% each year according...
A revocable living trust is a popular Estate Planning tool, mainly to avoid probate. The trust instrument is a written document created by the grantor (also commonly referred to as the settlor) during lifetime and is effective upon signing. This trust holds the...
When considering Estate Planning, many people think having a Will is enough to ensure their estate will be distributed as they wish and meet the needs of loved ones who survive them. A Will indicates your desires regarding certain types of real and personal property,...
Many people assume if you are married, your entire estate will simply go to your spouse according to your Will once you pass away and your Will is probated. However, you may have “non-probate” assets that will pass, instead of by Will, to a beneficiary you designated...
“I, Bob Everyman, being of sound mind and body do formally set forth my last Will and Testament.” It is the phrase everyone knows as standard opening language for a Will and usually the extent of most people’s expertise with such a document. There are plenty of...
When your loved one has to be hospitalized, it can be a confusing time. You do not want to think about hospital charges or the cost of care that may follow a hospital stay. However, it is important to ensure that when your loved one is hospitalized, it is as an...
An organized estate is one of the most loving gifts you can leave to your survivors. If you become incapacitated while you are still living, a thoughtfully prepared estate plan will allow your family to carry out your wishes and know that your loved ones will be...
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