Month: March 2016

No one wants to be the one to step in and tell mom or dad that it's time to stop driving. Driving is an activity that symbolizes independence and mobility. Because of this, some seniors tend to drive far longer than they should. On the other hand, you want your parent...

When an elderly loved one requires ongoing care and assistance, it's common for family members to disagree about caregivers, the type and frequency of care, and whether the older loved one should remain at home or live in a residential care facility. Additionally,...

According to a 2014 survey cited by Forbes, fifty-one percent of Americans between the ages of 55 to 64 don't have an estate plan. In many cases, people scramble to put together an estate plan in the face of a sudden health crisis. Other times, they wait until they...

When a trustee becomes incapacitated or dies, a successor trustee must take over. This makes the successor trustee responsible for fulfilling all of the trustee's obligations, including maintaining records of any income the trust receives and keeping records of any...

Like most people, you may have a hard time understanding that your health could decline at some point in the future. For this reason, you don't put nearly as much time as you should into nursing home planning. Here is a statistic that will open your eyes: The U.S....

Today, many comprehensive estate plans include living trusts. Prepared properly, a living trust is a powerful estate planning document that allows you to change it throughout your lifetime. If you neglect to fund your trust, however, the trust may actually be...

According to the U.S. Census Bureau, 15 percent of Americans report having been married more than once. Whether you're remarrying for the first or the fifth time, it's important to create an estate plan that protects your assets and your loved ones. Here are a few...

Placing an aging parent in a nursing home or long-term care facility is one of the most difficult decisions an adult child will make. Although the parent may need medical care and assistance, realizing the parent is incapacitated can be heartbreaking to the children....

Losing a beloved parent or family member is an emotional time. After such a loss, surviving family members need time to grieve, remember, and heal. They must also deal with practical matters, such as taking care of their loved one's estate. In most cases, this is...

Although many people think of trusts as something only for the very wealthy, trusts are appropriate estate planning tools for a wide variety of estates, including those with modest assets. If you are considering a testamentary trust (a trust that goes into effect upon...