Did you know that October is Special Needs and Autism Awareness month? This year, the J. Kevin Tharpe, P.C. team is celebrating by sharing some important information about estate planning. When you have special needs yourself or you have a loved one with special...
Month: October 2020
The importance of an advance directive for health care
Many people are aware that estate planning for asset protection and distribution is important. However, not as many understand that preparing for medical situations should also be a part of the plan. An advance directive for health care outlines a patient’s wishes in...
Why is probate such a big deal?
The probate process can be daunting, and many people create their estate plan to limit the impact that probate can have. How can probate impact your estate? Probate can be costly. Because of court involvement, a wide variety of different fees apply to the probate of...
How do I choose a nursing home?
When the time comes that you need to leave your home and live in a facility, it is a good idea that you have a plan in place. Being able to choose your own nursing home gives you control over the situation and enables you to ensure no matter what that your wishes are...
How can I prove elder financial abuse?
Proving neglect or abuse against an elder is not always an easy task. However, if you suspect there is something happening, then you should do everything possible to report it and get the person help. The Georgia Department of Human Services explains the state defines...
If you suspect abuse at your loved one’s nursing home
You have noticed that something has not been right the last few times you visited your father who now lives in a nursing home. He seems more agitated and skittish than usual. There is fear and anxiety along with some bruises on his face and arms. This is a concerning...
Why is a revocable trust a better choice than an irrevocable trust?
If you are assisting an elderly loved one, such as a parent, with his or her estate, then one tool worth considering is a trust. Some elderly individuals may gravitate towards an irrevocable trust, but it is better for them if they stick with revocable trusts. U.S....
How does a child with special needs affect a retirement plan?
When you have a child with special needs, you have many financial matters to consider, such as how to include the expenses of supporting your child after you are no longer working. According to Forbes, it is a mistake for parents only to create a special needs estate...
