It’s instinctive to want a map. Where’s the next turn? It’s a human thought pattern. After we find out that a loved one has Alzheimer’s disease it’s only natural to research it. The National Alzheimer’s Association has developed a very useful tool, or “staging system,” to use as a frame of reference when coping with Alzheimer’s disease. The organization will be the first to tell you that people are not programmed to follow these stages in a direct line. With that in mind, we’ll look at the stages as presented by the National Alzheimer’s Association. Continue reading
What are the financial issues that come with remarrying later in life? I’ve been seeing a wonderful man for two years, and we’ve been talking about marriage, but I want to make sure we understand all the possible financial consequences before getting hitched.
That’s a great question. Getting remarried later in life can actually bring about a host of financial and legal issues that are much different and more complicated than they are for younger couples just starting out. Here are some common problem areas you need to think about, as well as some tips and resources that can help. Continue reading
Great review of basic considerations before finalizing your estate plan.
“Who should receive my property?” asked Helen to her attorney, Clara. “There are so many decisions to make. Since Morgan passed away, I need to make these decisions myself. Should I give property to the children outright or in trust? Is there a best age for them to receive the property? And what if one of them were to pass away before I do? The grandchildren are still too young to manage property. I also have made a loan to one of the children. Should I forgive that loan? And what about my dog Rover? Who will take care of Rover?” Continue reading
Most Americans could stand to improve their knowledge of retirement planning, but it is especially important for unmarried women. Here’s what you should know. Continue reading
You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a living will are accompanied by a HIPAA release. All of your records are safely in place and carefully organized.
So you now are finished with your estate planning. Or are you? Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan? Continue reading