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Powers of Attorney: Your Most Important Estate Planning Documents
January 2, 2023At that moment, my brother and I needed powers of attorney. We needed one to move our mother to a nursing home and one to make medical decisions for our father. Then we needed to take control of their financial affairs since neither one was in a position to handle their own financial affairs.
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Should I Sell My Parents’ Home Before or After They Move to Senior Living?
January 1, 2023Being both a real estate professional and a senior resource specialist at LivWell Seniors, I often interact with families from diverse backgrounds, each facing unique circumstances. A common concern I encounter is the emotional challenge families face when contemplating selling a home filled with a lifetime of memories. For most seniors, leaving a home they've lived in for over 25 years is a heart-wrenching decision. So, how should one navigate this?
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Should You Downsize When You Retire?
January 1, 2023The issue of downsizing is one that many retirees will consider, and it is important to consider the pros and cons.
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The Importance to You and Your Loved Ones of Having an Estate Plan
January 1, 2023An estate plan can provide significant peace of mind by ensuring that your money and property are protected, plans are in place in the event you become ill, and your accounts and property pass down according to your wishes.
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The Peace of Pre-Planning
January 1, 2023When discussing end-of-life matters, prioritizing funeral pre-planning is crucial to help ease the burden on family members.
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The Rhythm of Life — An Adventure Awaits
January 1, 2023Dr. Callender provided another piece of the puzzle as to what makes Ridgecrest special when she said, “Like finds like and there are a lot of very smart people here.” It is a community which tends to attract independent, out-of-the-box thinking and offers a welcoming attitude towards all.
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Three Estate Planning Items Everyone Needs
January 1, 2023A basic estate plan is essential for everyone, regardless of income, net worth, or age, because we all want to minimize confusion, unnecessary costs, and stress for loved ones after a death or in the event of incapacity.
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Understanding Living Trusts
January 1, 2023Contrary to what you've probably heard, a will may not be the best plan for you and your family. That's primarily because a will does not avoid probate when you die. A will must be validated by the probate court before it can be enforced.
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What Are Medicaid Asset Protection Trusts?
January 1, 2023If your assets are above the resource limit that would allow you to qualify for Medicaid, you may be able to engage in planning that will allow you to qualify for Medicaid. This planning often involves establishing a Medicaid Asset Protection Trust (MAPT) or an equivalent planning device permitted under your state’s laws.
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What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?
January 1, 2023It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a “do-not-resuscitate” order (DNR). While both these documents are advance medical directives, they serve different purposes.
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