Month: September 2015

Caring for Elderly Parents

Caring for Elderly ParentsIt can be difficult caring for elderly parents, especially if your parents are suffering from dementia or Alzheimer’s disease. Caring for elderly parents is a situation that more and more children are facing as the average age of senior Americans continues to increase due to the availability of better healthcare and improvements in lifestyle choices. Americans are living longer than ever before; therefore, it is important to discuss issues related to caring for elderly parents in addition to making end-of-life decisions.

While some senior citizens may have completed the estate planning process, your elderly parents may or may not have taken those steps. Furthermore, many senior citizens have a will or other estate planning documents that relate to probating their estate but they have failed to plan for incapacity prior to their death.

Matters You Need to Discuss in Anticipation for Caring for Elderly Parents

Three Documents Your College Student Needs Before Going to College

Three Documents Your College Student Needs Before Going to CollegeAs you prepare your child to go to college, you are probably making a list of everything your child will need. Regardless of whether this is your child’s first year at college or his fourth year, every college student needs various things each year as they return to school. From school supplies to new clothes and dorm furniture to a new cell phone, the things your college student needs before going to college seems endless.

The one thing that many parents forget as they prepare their child to go off to college is the need for certain legal documents. Now that your child is 18 years of age, you do not have the same legal authority with regard to your child. Should something happen while your child is away at collage, you may need certain legal documents in order to take certain actions to protect your child’s best interest and welfare.

The three legal documents every college student needs as he or she goes to college are: …

Estate Planning Tips for the Single Person

Estate Planning Tips for the Single PersonWhen you read articles or blogs about estate planning, they mostly focus on married couples or people with children. Very few address the need for single people to have an estate plan. Whether it is because we assume that single people have not accumulated significant assets, they do not have children to worry about, or they are so young they have plenty of time, we tend to overlook the need for singles to take steps to protect their estates.

The fact is that none of these assumptions are correct. Single persons can and do have significant assets, some single persons have children, and, unfortunately, youth is not a guarantee that you have plenty of time for estate planning. Even if a single person does not have many assets or children, estate planning is just as important and vital for singles as it is for married couples.

What Should a Single Person Concentrate on During Estate Planning?

As with married couples, the types of documents a single person will need to ensure his or her wishes are carried out at death or incapacitation depends on the specific circumstances and desires of the individual. It is important that you begin as soon as possible and you have some type of plan in place. Otherwise, your estate will be subject to intestate laws and the state will decide who administers your estate and who receives your property. …

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