Frequently, families want to protect their life’s work for their descendants. Among the options are asset protection trusts. However, to truly provide asset protections, the trust must be irrevocable. Irrevocable means the parent must give up control of the assets...
In the past estate planning has focused on what happens when we die and financially devastating circumstances associated with death. However, most of us need an estate plan that is flexible. The plan should include what happens if we get sick and die as well as what...
The Financial Cost In a Genworth study, Beyond Dollars Study 2018, caregivers reported they pay for care from their own pockets. Many reduce their own quality of living to pay for the care. In addition, absences, reduced hours, and chronic tardiness can mean a...
Who is excited to see you when you come home? Who sits with you while you watch your favorite TV show? Who greets you every morning, and sleeps next to you every night? Your pet lovingly cares for you unconditionally. Of course, it is natural to want to care for your...
Adapted from ElderCounsel There are many good people in the world. Some strangers would give you the shirt off their backs. Many folks volunteer their time to help others in need. Especially in our tumultuous times, it is important to be kind and generous to our...
What is Probate? Probate is the legal settlement of someone’s money and property, known as their estate, after they have passed away. The court will begin the process by validating the will if there is one. Then the court will divide your estate to your creditors,...
