Category Archives: Conservatorship
How to Plan for a ‘Fragile’ Beneficiary – Minors, Special Needs, and Those with Creditors
Frequently, estate plans will include an inheritance for a minor beneficiary. If you have minor children, you should spell out exactly what you want as far as who will care for your children and how your children’s financial needs will be met. Wealth Advisor’s recent article entitled “Handle with care: Tips on planning for… Read More »
What Steps to Take when Dementia Begins
Covid-19 has made travelling more difficult, so holiday visits this year may not be the same triggering event they were in the past. However, even an online holiday visit can reveal a great deal of change, reports a recent article “Elder Care: When the children don’t notice” from The Sentinel. An elderly spouse caring… Read More »
What are Power of Attorney Options?
FedWeek’s recent article entitled “The Options in Granting Powers of Attorney” explains that a power of attorney designates someone else to handle your affairs, if you can’t. Here are the major types: Limited power of attorney. This allows an agent to act on your behalf under specific circumstances, like a home sale closing that… Read More »
Do I Need More Than a Will?
If you die without a will (i.e., intestate), a court will determine who inherits your assets and who would care for any surviving children as a guardian. CNBC’s recent article entitled “A will doesn’t cover all your bases when it comes to end-of-life decisions. Here’s what else you need” explains that some assets pass… Read More »
Why Is Trust Funding Important in Estate Planning?
Trust funding is a crucial part of estate planning that many people forget to do. If done properly with the help of an experienced estate planning attorney, trust funding will avoid probate, provide for you in the event of your incapacity and save on estate taxes, says Forbes’ recent article entitled “Don’t Overlook Your… Read More »
How Do I Include Care for My Children in Estate Planning?
To make certain that parents’ wishes are followed, they should create a will that designates a guardian and a conservator in case both parents die, counsels The Choteau (MT) Acantha article entitled “Plan for children’s future when making out a will.” A guardianship provides for the care of the children, until they reach adulthood… Read More »
Estate Planning During a Pandemic
KCRA’s article entitled“5 things to know about estate planning” says that estate planning is a topic that people frequently don’t like to think about. However, more people now want to create a will or revise one that’s already in existence, because of the COVID-19 pandemic. You should have a will. You can find forms… Read More »
Your Children Wish You Had an Estate Plan
It is the adult children who are in charge of aging parents when they need long-term care. They are also the ones who settle estates when parents die. Even if they can’t always come out and tell you, the recent article, “Why your children wish you had an Elder Law Estate Plan” from the… Read More »
What Can I Do to Plan for Incapacity?
Smart advance planning can help preserve family assets, provide for your own well-being and eliminate the stress and publicity of a guardianship hearing, which might be needed if you do nothing. A guardianship or conservatorship for an elderly individual is a legal relationship created when a judge appoints a person to care for an… Read More »
Is a Pandemic a Good Time to Make End-of-Life Decisions?
The Milwaukee Journal Sentinel, in the article “We’re in a pandemic. This is a good time to plan your estate and make end-of-life choices” says that estate planning is easy to postpone because we don’t want to think about it. If you die without a will, state law may control who gets your estate… Read More »