Estate Planning for Elderly Unmarried Couples Increasingly, couples are choosing to live together without getting married. According to U.S. Census Bureau data, there were 18 million unmarried adults cohabitating in 2016, as compared to 14 million in 2007 – a 29 percent increase. While approximately half of cohabiters are under age 35, the number of cohabitating unmarried individuals age 50 and older has risen 75 percent since 2007. » Read More
What if an Executor Does not Distribute Estate? Heirs must wait until the probate process is completed to benefit from an estate. Sometimes, the heirs wait for a long time because probate matters can be complex. Probate involves the legal process by which a person’s estate is managed and distributed after their death. If the person who died left behind a valid will and named an executor of the estate, » Read More
Charitable Giving in Estate Plans There are many things to consider when developing an estate plan. Most people will transfer assets to their loved ones when they pass away. However, if there is a particular charity or cause that is important to them, they may want to include a charitable gift in their plan. There are several options for charitable giving as part of an estate plan, » Read More
Dangers of Bookkeeper as Executor Being named the executor of an individual’s will comes with certain responsibilities and fiduciary duties. Executors generally take the deceased’s assets and distribute them to beneficiaries as set forth in the deceased’s will. At times seniors will designate a professional such as their accountant or bookkeeper as their executor. This is not always the best decision. » Read More
What Is the Difference Between Estate Planning and Elder Care Planning? Many people confuse estate planning with elder care planning, leaving them unsure which service they most need. The truth is that estate planning and elder care planning can and should go hand-in-hand, which makes them both practical considerations for aging individuals and families. However, each type of planning focuses on different aspects of getting older and preserving wealth. » Read More What Is Estate Planning?
Common Signs of Nursing Home Neglect Elderly and impaired individuals who can no longer take care for themselves independently are often placed into the care of trusted professionals at skilled nursing homes and assisted living facilities. Unfortunately, neglect by these professionals often results in illness, harm, and emotional or physical trauma for their patients. Types of Nursing Home Neglect There are several types of neglect that can happen in a nursing home or assisted living facility, » Read More
