Tag Archives: trust

How to Ensure Your Pets are Cared for After You’re Gone

Pet trusts have become more and more popular over the years as senior pet owners are looking for ways to ensure their pets will be well cared for when they’re not longer able to do the caring.

Here are sine tips to help you get stated.

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Separate & Joint Property

Published September 14, 2012
United Methodist Foundation for the Tennessee and Memphis Conferences

“My brother Pete and I own a ranch together,” said Joe to his advisor. “Our mother deeded the four sections of her ranch to us with right of survivorship. As a single person, I think that I will plan to leave 50% of my share to Pete and the other half to my favorite charity. Of course, if Pete dies, he is married and probably wants to leave his share to his spouse and children.”

Do Pete and Joe need to review their estate plans? Yes! These two rancher brothers held title as joint tenants with right of survivorship. If the single brother (Joe) were to pass away, Pete would inherit his brother’s half of the ranch. Even though Joe stated that half of his share should go to his favorite charity, nothing will be given to charity.

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What is Elder Law??

South Carolina Elder Law Attorney, Mitchell Paine, recently shared the following thoughts on my Elder Care Matters Website. What is elder law? It is a question I am often asked and I think my colleague, Mr. Paine, gives an extraordinary answer.

Well among attorneys there seems to be no clear definition for the term elder law because it encompasses so many areas. An elder law attorney will be involved in estate planning, Medicaid eligibility, Medicare law, Social Security law, Wills, Trusts, Probate, retirement planning, healthcare planning, disability incapacity, dementia, Alzheimer’s, and the list goes on.

Perhaps the best definition of elder law is “an area of law which applies a holistic approach to addressing the unique legal needs of senior citizens, including retirement benefits, estate planning, healthcare, and other issues.”

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