Many Georgia parents take the time to execute thorough estate plans to protect their assets and provide for their loved ones after they're gone. Just as many parents must intervene when their young children squabble and bicker, there also seems to be an increase of sibling rivalry where estate planning documents are concerned. The only difference is, if children are adults and fight over a trust or some other aspect of an estate plan, parents are no longer there to intervene.
Long-Term Care Options for Estate Planning
Long-term care is an essential part of estate planning for those who are no longer able to care for themselves or suffer from serious health issues. Long-term care can be provided in many ways, and there are numerous options available when planning for the future of you and your loved ones.
Daughter of nursing home patient outraged at signs of abuse
Many adult children in Georgia have parents who reside full time in assisted living centers. Even those who are able to visit their parents regularly are not always able to observe (as closely as they would like) the type of care their parents are receiving. A situation at a nursing home in another state has left one man's daughter, who also happens to be a nurse, angry and suspecting abuse.
The many benefits of a trust in Georgia estate planning
Estate planning can be a complicated process. Of course, you want to ensure that your loved ones and family members will have access to assets after you pass on. You also probably want to make sure certain assets go to certain people. You may have minor children, special needs family members or even beloved pets who require care after you die. A trust is an ideal way to provide for all of those concerns.
Specific wording needed in residuary clauses for asset protection
Helping an aging parent solidify an estate plan can be challenging. Many adult children in Georgia face complicated situations regarding asset protection that make executing estate plans difficult. Much stress can usually be alleviated by enlisting the help of someone who is well-versed in long-term care planning.
Power of Attorney Abuse: Recognizing its Signs to Protect You and Your Loved Ones
Power of attorney (POA) is an estate planning instrument that authorizes another individual to act on your behalf in legal, personal, and professional affairs.
Is it time to explore assisted living options?
Many adult children in Georgia do their best to help their aging parents enjoy their lives as much as possible in their golden years. Some have health concerns and other impairments that necessitate additional help and support. It can be a very difficult and emotional experience trying to determine whether assisted living care is needed.
How an Irrevocable Trust Benefits Your Estate Planning and Future
Protecting your assets is a fundamental goal of estate planning. It ensures that assets are managed and distributed appropriately based on your preferences. Irrevocable trusts are just one of many tools used in estate planning. They reduce the tax burden of your estate and allow you to transfer its value to loved ones. But there are many other benefits of an irrevocable trust.
How Elder Care Law Attorneys Help Make Medicare Decisions
Older adults face many challenges when making decisions related to Medicare and other health care needs.
When adult children fight of estate planning issues
Many Hollywood fans grew up enjoying the antics of famed actor and comedian Jerry Lewis. Georgia residents were likely among many others throughout the nation who mourned his death at age 91 from heart failure. Since then, news has gone viral regarding several estate planning decisions Lewis reportedly made before he died.
