Tag Archives: protect

Education May Play a Role in Decline in Dementia Rates

The number of senior Americans who are being diagnosed with Alzheimer’s disease and dementia is declining. According to one study, researchers think that one reason for this decline might be because of an increase in education. Continue reading

Eating More Seafood Could Protect Your Brain Against Alzheimer’s

Omega-3 fatty acids are essential for humans. Consuming the proper amounts of omega-3s helps to lower your risk of coronary heart disease and improves your cholesterol. Some studies are even looking at omega-3s as possible treatments for cancer, depression, and attention-deficit hyperactivity disorder (ADHD). Now, a new study has found two more reasons why you should add more seafood to your diet: diets rich in fish might help prevent Alzheimer’s disease, and the mercury that is found in fish does not lead to cognitive decline. Continue reading

Four Costly Estate Planning Blunders

Think your documents are bulletproof? Check again to avoid these common mistakes. Continue reading

Planning for the Non-Traditional Family

By Robert M. Slutsky, Esq.

Robert Slutsky Associates

Plymouth Meeting, Pennsylvania, An ElderCare Matters Partner,

The percentage of married households in the United States fell from 55 percent in 1990 to 48 percent in 2010. About 40 percent of all marriages end in divorce. Three quarters of people who divorce remarry — accounting for a pretty large proportion of the 48 percent of American households that are married. Nearly 1.5 million babies a year are born to unmarried women, more than a third of all births. This can complicate matters, especially when the father is not identified or, in the case of donated sperm, does not exist. It also can mean a greater need for planning when there is no identified back-up parent if something happens to the mother. If you are in a relationship, but not married, have been married more than once, have children by more than one partner, or have beneficiaries who cannot manage funds for one reason or another, then it’s more important that you do estate planning. And you need more than LegalZoom to accomplish your goals. Continue reading

Trusts for Creative Spenders

Trusts can be quite useful for protecting children. However, for some children, the trust serves an additional function: It protects the principal from being rapidly spent by a child. These trusts have a specific name—they are called “spendthrift” trusts. Marla was visiting with her attorney Elizabeth shortly after her husband Harry passed away. She shared her concern for her youngest child, Joe.  Marla: “Harry and I were very fortunate to have four great children. I love each one of them very much. However, when it comes time to making decisions about inheritance, I have a big problem. Our older children Sam and Linda are quite good with financial matters. The third child Lynn is average, but our youngest son Joe is very carefree. If Joe has money, it is gone in a flash. What can I do?” Elizabeth: “This is a fairly common situation. Many parents would like to treat their children equally, but some children are very good managers and one or two are not. In your case, we hope that Joe eventually learns to become more responsible. But for the present plan, it makes good sense to provide Joe with spendthrift trust provisions.” Continue reading