How do you create an estate plan that succeeds?
How do you create an estate plan that succeeds?
When you decide to create an estate plan, it is important to create one with success in mind. You can do this by recognizing and knowing how to avoid some of the biggest mistakes others make when creating their own estate plans. You must first ...
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What should go into an estate plan?
What should go into an estate plan?
Preparing an estate plan may feel daunting. However, without a clear plan for what happens after you die, your family may face financial hardships. A comprehensive estate plan contains documents that may help you when you are at your most vulnerable. To protect yourself and ...
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Does Florida Medicaid cover aid for elderly individuals?
Does Florida Medicaid cover aid for elderly individuals?
The National Council on Aging reports that approximately 92% of elderly individuals suffer from at least one chronic illness, with 77% having at least two. According to the Administration for Community Living, 19% of older people aged 65 and up admitted to an inability to ...
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What are the signs of elder abuse?
What are the signs of elder abuse?
As people age and enter their senior years, they may become vulnerable to different types of abuse; however, one type that is seldom reported is financial manipulation. According to the American Association of Retired Persons, fewer than 2% of these types of abuse cases get ...
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Do you need a care plan for special needs adults?
Do you need a care plan for special needs adults?
While some special needs adults may be able to live independently, others may need more care. You should create a care plan for your child’s adult life. Special needs adults all have different capabilities, and you need to make sure your plan takes your child’s ...
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How should you review your estate plan?
How should you review your estate plan?
When working on your estate plan review, it is easy to feel overwhelmed. After all, your estate plan took years to create and refine. Many people also mistakenly believe that they must do a full review every time. But this is not the case. If ...
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4 reasons to start estate planning sooner rather than later
4 reasons to start estate planning sooner rather than later
Estate planning is a topic that can be difficult to think about, let alone discuss. People often put off thinking or doing anything about their estate plan, thinking that they will have plenty of time to create one in the future. However, putting it off ...
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How may I leave my assets to an adult with special needs?
How may I leave my assets to an adult with special needs?
Your estate planning could include a trust that manages assets for an adult requiring lifelong care. The AARP notes that you may create a special needs trust to provide for a beneficiary who has a disability or an injury. Before you die, you could set ...
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