
What are the Most Important Estate Planning Documents for Seniors?
When it comes to death and disability, your will alone might not be enough.
When it comes to death and disability, your will alone might not be enough.
The law sometimes appears to contradict itself. Specifically, the words ‘anything and everything’ do not always legally mean ‘anything and everything’.
You may lose the ability to manage your own affairs as you grow older. Therefore, it’s necessary to have an incapacity plan in place.
It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.
It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning.
Without a will, decisions made about your property and assets will be handed over to local courts, which can make an already challenging time even harder for your loved ones.
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
Why Elder Law Is Necessary? In two words: baby boomers.