How to Include Cryptocurrency in Your Estate Planning
According to Florida Today, 46 million Americans own the well-known crypto asset, Bitcoin and the number of people owning cryptocurrency is growing steadily. Bitcoin was created in January 2009 by Satoshi Nakamoto as a peer-to-peer electronic cash system. This digital or virtual currency is held secure using cryptography, making it nearly impossible to double-spend or […]
Estate Planning for the LGBTQIA+ Community
To protect our loved ones and our assets, estate planning is important to any individual regardless of orientation. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your desire to permit your partner to make decisions for your care should you become unable […]
Preparing a Quality End of Life Plan
The records conveying your final wishes for care and asset management are called powers-of-attorney documents, and these entrust an appointed person to act on your behalf when you are no longer able to. But when it comes to actually using those documents at the time of a healthcare crisis, clear and powerful documents are just […]
Plan Long-Term Care Before an Emergency Occurs
In America, a lot of parents do not live close to their children. Managing aging parents or in-law medical events can be a serious challenge without proper preparation and understanding of what your parents’ strategy may or may not be, no matter where you live. Do you know what legal documentation your parents have in […]
Important Items to Consider Before 65
In order to make the most of your estate and government benefits, several factors need to be addressed before turning 65 years old. Overall, the most crucial thing to do before turning 65 is to invest your time wisely crafting the best approach possible for your health and financial security well-being. Can you afford to […]
Will Preparation and Undue Influence
Targeted attacks on vulnerable older people to exert what attorneys deem “undue influence” constitutes elder abuse. It disrupts the older persons’ impulse to provide for loved ones and instead leaves assets to the manipulator. Often, family members do not find out about a change in estate plan until after their loved one has died. Most […]
Retirees are Worried About Spending Money
Senior citizens are using their retirement sparingly, even though the US economy has experienced over 10 years of economic growth. Bloomberg.com is reporting many retirees, and near-retirees are sitting on their wealth in much the same way large corporations are hoarding stockpiles of cash. Even famed investor Warren Buffet and his multinational conglomerate holding company […]
Elder Law & Estate Planning Explained
Elder law and estate planning are similar, but at the same time very different. The Concerns are Similar No matter what age we’re in, life can deliver some hard knocks. Hope for the best, but plan for the worst. We can get into accidents, especially when we’re young and under the impression that we’ll live […]
When to Start Thinking about Medicaid Crisis Planning
Long-term care often creates devastating financial impacts on Americans, particularly the elderly, and for those family members who lose hours of income (and more) while providing care for their loved ones. Medicaid is a joint federal and state program available to individuals who meet certain asset requirements that help them pay for long-term care (LTC) […]
What It Means To Be a “Fiduciary”
At some point in your life, you may be asked to be a power of attorney for a family member or friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they might become disabled or incapacitated, and they would need a trusted person to […]