Most people are aware of the fact that a power of attorney is a legal device that can be used to allow someone else to act for you in a legally binding manner. The person that gives the power is called the grantor or principal, and the term for the proxy is “attorney-in-fact” or agent.There are general powers of attorney, and limited powers of attorney. If you execute a general power of attorney, the agent or attorney-in-fact would have sweeping powers to act as your representative. In a … [Read more...]
Top Five Estate Planning Tips
If you find yourself reading this blog post, you must be looking for some information about estate planning. You are definitely in the right place, because we have literally hundreds of posts that you can check out to build on your knowledge. There are also additional resources available on this website.But for now, you would do well to stay right here. In this piece, we are going to provide five estate planning tips that will make you aware of some facets of the process that can fly under … [Read more...]
Incapacity Planning Is a Must
When you think about the matter of estate planning, arranging for postmortem asset transfers will probably come to mind. Without question, you have to execute a will or some type of trust to state your final wishes. The ideal course of action will depend upon the circumstances, and there are many possibilities. This is one of the most important financial decisions you will ever make, so you should certainly discuss your options with a licensed estate planning attorney. End-of-Life … [Read more...]
Address These Two Elder Law Issues
As the name would imply, elder law attorneys assist clients that are concerned about the issues that are typically faced by senior citizens. There are some things that you should understand if you want to be comprehensively prepared for the future.One of the elder law issues that is very pressing during our current era is the matter of long-term care. Medicare does not pay for living assistance, and the majority of senior citizens will need help with their day-to-day needs before all is said … [Read more...]
Incapacity Planning in Vermont
Incapacity Planning in Vermont from Stephen UnsworthThe road to being declared incapacitated can be slow due to a physical or mental change.Learn more about Incapacity Planning in this presentation. … [Read more...]
Filing for Guardianship
One of the most difficult truths is realizing that our parents will grow older and possibly develop Alzheimer’s, dementia or any other number of disabilities that renders them unable to make decisions for themselves and their finances. When that happens, a family will typically come together to determine what’s best. Guardianships are usually the preferred protections. Incapacity Planning and Guardianship Incapacity planning is a particular area of Vermont law designed to protect those who are … [Read more...]
NAELA Issues Long Term Care Concerns
A new report, released last week, reveals some of the bigger problems facing America's growing need for long-term services and supports. Unfortunately, there were a few glaring unresolved problems that have already begun to affect America’s elderly. The problems are far easier to identify than the solutions. Many Long Term Care Concerns One of the first challenges facing the Long Term Care Commission was that Congress only provided a 90 day window to conduct hearings, investigations and then … [Read more...]
A Special Needs Trust for Your Child
As parents, we know how our heart skips a beat anytime we think of those little ones going through life without us. For those with a child who has special needs, those thoughts can be even more frightening. While we can't control what hands we are dealt, we can do our best to pave the path for an easier future. A special needs trust is often the solution and a way to offset those fears.In short, a special needs trust is a way of providing financially for our children who have special needs – … [Read more...]
Alzheimer’s and Long Term Care
Have you thought about long term care? You may have thought about it some. We are living longer, and the longer we live, the greater the need for some care. You have probably looked through a few proposals just to see what they're selling. Would it change your perspective if you knew, really knew that you will need long term care?Alzheimer’s disease is a progressive disease that most commonly affects the elderly, but the disease can strike at any age. It affects cognition and in its middle … [Read more...]
Protecting Yourself against Mental Disability
While you may be in full control of your mental faculties now, there may come a time you’re not. With the number of Alzheimer’s patients continuing to climb in the United States, it is imperative you plan for a mental disability in the future. There are three ways to do so:Advance Medical Directive – Your advance medical directive appoints a fiduciary to act on your behalf if you become medically incapacitated. They will decide what medical treatments you receive, if a surgery is approved … [Read more...]