Why You Should Have an Advance Health Care Directive

Many parts of life planning require a discussion of uncomfortable topics. Drafting your advance health care directive is no exception. No one likes to talk about “end of life” preferences. However, having an advance health care directive can ensure that your preferences are carried out when you are unable to make your own health care decisions. An Advance Health Care Directive is a legal document outlining your health care choices.

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Is a Living Trust Right For Me?

It’s difficult to think about what will happen upon your death. However, careful life planning can make things much easier for your survivors and ensure that your wishes are carried out. While creating a will has often been recommended as an estate planning tool, creating a living trust is often a reasonable option as well. Consider some advantages and disadvantages to creating a living trust.

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Elder Preparedness Should Include Money Management Services

In many cases, when senior citizens need help in managing their money, adult children or other relative step in, but oftentimes, the children live too far away or just don’t have the time due to their own busy schedules. Whether it’s just balancing a checkbook or a monthly reminder of bills that are due, the process of elder preparedness should include money management services.

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Basics of Trust Administration

To get a better grasp of the trust administration process, it is important to have at least a basic understanding of what a trust is and how it can function in the estate planning process. A trust is a legal mechanism frequently used in estate planning, not only to manage property assets during a person’s lifetime, but also to distribute assets after death. A trust can distribute estate assets to several different people or entities and also set conditions as to when and how much each beneficiary will receive.

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Elder Preparedness Requires Good Recordkeeping

Care for the elderly can be quite stressful and at times completely overwhelming. A caregiver or potential caregiver can avoid a considerable amount of elder care stress by taking a proactive approach in organizing and planning for the unplanned events in life. It is very important to get all paperwork and legal papers in order while the aging person in your life is still well, if at all possible.

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