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It is important to plan for incapacity. Some would say it is as necessary as planning for death. The biggest difference between the two is, that one is certain, and the other is very likely. So, it is important to make preparations in advance. What is Incapacity Planning? Mostly, it means someone is preparing for… Read more »
How much do you know about estate planning? It is more than dealing with the distribution of your property and other access in the event of your death. It is also about having an arrangement in place in the event you become incapacitated. Incapacity planning has many of the same benefits as estate planning. This… Read more »
Estate Planning for Single Parents As a single parent, you may not often have time to reflect on the consequences of losing the ability to make financial, medical, or family-related decisions on your own. But we owe it to those who depend on us to consider such possibilities. Anyone could be rendered legally incapacitated by… Read more »
On Labor Day this year, a 17-year-old was involved in a fatal car accident in Dallas County, after speeding through an intersection at 87 miles per hour. She has been charged with aggravated assault with a deadly weapon following the death of the couple whose vehicle she struck. The couple’s teenaged daughter survived the wreck. … Read more »
People who become incapacitated don’t just suddenly stop having to pay bills, manage their property, or deal with the other responsibilities that need to be looked after. This is why creating a statutory durable power of attorney is such an essential part of creating a comprehensive estate plan. Topics covered in this report include: Statutory… Read more »
The need for long-term care can be brought on by illness or serious injury. In some situations, the need for assistance with daily activities often leads to long-term care need. Unfortunate for seniors, the cost of long-term care continues to climb in our country. According to some industry surveys, the average cost for a private… Read more »
A comprehensive, properly constructed estate plan will account for end-of-life issues. While incapacity planning can seem like something that happens to a limited number of people, when you examine the facts, see that a very significant percentage of senior citizens become unable to handle all of their own decision making eventually. Studies have found that… Read more »
You may feel as though the Medicaid program is irrelevant to you. After all, Medicaid is a government health insurance program for people with virtually no financial resources, right? Indeed, Medicaid is a need-based government health insurance program. It is jointly administered by the state government along with the federal government. Most seniors will qualify… Read more »
The people who serve our country in the United States military are true heroes. Since 911, we have been very active around the world, and thousands upon thousands of our countrymen and women have put their lives on the line to preserve our freedoms here on American soil. When people risk their lives and subject… Read more »
Many people during our current era try to do everything possible to keep themselves fit and healthy. There is a lot of information out there, and things are different than they were 30 or 40 years ago. Yes, it is great to indulge from time to time, but there is so much relevant information available… Read more »
