As we age, our likelihood of mental incapacity increases. After all, our bodies and minds deteriorate as we age. Mental incapacity could result from dementia, stroke, brain injury, or other illness. What is mental incapacity and in what ways can you plan to be best...
As you set up a trust, you're probably focused on all the things the trust can accomplish and the specific ways that you can dictate how the money is used. If you just wanted to leave the money to your heir, you could do that without a trust. By using one, you're...
Probate court is almost synonymous with receiving an inheritance. When someone dies, the California probate courts often oversee the administration of their estate. The courts help prevent family members from overlooking financial obligations and executors from...
Mediation is an excellent tool for resolving conflicts. Mediators are third-party individuals who listen to both or all sides of an argument and then help those involved work out a solution that is reasonable and agreeable. Mediators are there to offer constructive...
When your mom or dad is in long-term care, it is imperative that you take steps to protect them against financial abuse. Elders are at a particularly high risk of financial abuse because they may not be in a position to check their accounts or have the mental capacity...
Medicare is the federal insurance program that applies to adults over the retirement age. Once you turn 65, you can typically rely on Medicare for standard medical support. Those who need exceptional levels of medical care may find that Medicare is not sufficient....
As your parents start to age, you may find yourself in a position where you’re not sure that they can take care of themselves any longer. You want to make sure that their finances are taken care of and that their bills are paid. You also want to make sure that they’re...
Parents are supposed to be the people who provide for their children. However, as your parents age, they sometimes lose the ability to care for themselves, make sound judgements and complete day-to-day tasks. The term for this is elder incapacity, and it can affect...
Believe it or not, there are over 20 million millionaires in the US today. If you’re one of them, you need to know about estate taxes, inheritance taxes and gift taxes to which you, your estate and/or your heirs may be subject. You also need to know how an experienced...