Happy Earth Day! Environmentally-friendly burials are gaining in popularity and becoming a viable option without interfering with traditions. Our office getting more and more inquiries about options and planning.Details
Did you know 64% of American adults don’t have a will, including 55% of those with children? As you read that statistic, I bet you’re telling yourself it’s time to write my will. But end-of-life planning is more than that. There are questions that you need to answer and other documents that need to be prepared, including health care and general arrangements. Having a plan ready is for your benefit and for the benefit of your loved ones.Details
So what happens when a spouse passes away with the former sub-trust estate plans from 20+ years ago? The trust administrator endures headaches and could spend a lot of time on unnecessary sub-trust allocations or administration complications.Details
Are you taking care of a family member and paying for their living expenses out of your own pocket? Some may think getting reimbursed for such expenses can be as simple as writing a check, but hasty actions could have long-term effects on benefits from federal and state assistance programs and have the potential to be viewed as financial abuse.Details
Gerontologist Mary Winners outlines how to prepare critical documents that provide guidelines for the care of an aging family member. Winners uses the acronym GIFT as a simple way to trach the process. “G” is for gathering information. The “I” is for involving everyone – professionals, family members and so on. The “F” is for follow through on everything, especially all document requirements. Lastly, “T” is a reminder that family members need to tell everyone where all the documents are kept, as well as any other pertinent information.
To watch Forms 101: Mary Winners on Important Documents, click here.