Author Archives: Linda Fisher
How Do Trusts Work in Your Estate Plan?
A trust can be a useful tool for passing on assets, allowing them to be held by a responsible trustee for beneficiaries. However, determining which type of trust is best for each family’s situation and setting them up so they work with an estate plan, can be complex. You’ll do better with the help… Read More »
Advance Planning Key for Alzheimer’s Patients
A retired physician and his wife have allowed a local television station to report their family’s journey with Alzheimer’s over the course of the last four years. The series continues with WCCO CBS Minnesota’s article “’All Lined Up Before You Need It’: Alzheimer’s Association Shares Steps for Estate Planning, ” with four steps to… Read More »
Can a Transaction Occur if One Spouse is Incapacitated?
An elderly married couple wished to sell their home, but they had a big problem. The notary public refused to notarize the wife’s signature, because she clearly did not understand the document she was being asked to sign. Because there was no power of attorney in place that could have authorized her husband to… Read More »
How to Plan for Long-Term Care Costs
The odds are that most of us will need long-term care. At least 52% of those over age 65 will need some type of long-term care at some point in our lives, according to a study conducted by AARP. As most of us are living longer, we’ll probably need that care for a longer… Read More »
What You Need to Know If Asked to Be a Trustee
Being asked to be a trustee is a question that deserves serious consideration. First, because there are so many different types of trustees, the answers to the questions posed above will vary greatly, says The Mercury in a recent article that asks “Should you be a trustee?” At the very simplest level, a trustee… Read More »
How Does an Irrevocable Life Insurance Trust Work?
There are pros and cons to using a revocable trust, which allows the grantor to make changes or even shut down the trust if they want to, and an irrevocable trust, which doesn’t allow any changes to be made from the creator of the trust once it’s set up, says kake.com in the article… Read More »
Paying for Long-Term Care
The recent article from MarketWatch, “This is how much long-term care could cost you, and don’t expect Medicare to help, ” reports that most people over 65 will eventually need help with daily living tasks, like bathing, eating, or dressing. Men will need assistance for an average of 2.2 years, and women will need… Read More »
What’s Long Term Care About and How Much Does it Cost?
Many people are scared about the prospect of needing help in a long-term care setting, and they are right to be worried. For many people, a spouse or adult children will become the go-to caregivers, but not everyone will have that option, says Market Watch’s article “This is how much long-term care could cost… Read More »
Elder Law Estate Planning for the Future
Seniors who are parents of adult children can make their children’s lives easier, by making the effort to button down major goals in elder law estate planning, advises Times Herald-Record in the article “Three ways for seniors to make things easier for their kids.” Those tasks are planning for disability, protecting assets from long-term… Read More »
How to Locate or Get Copies of Your Aging Relative’s Important Documents
If you are serving as a caregiver for an aging relative, you know the job involves more paperwork than you ever imagined before taking on the responsibility. The task of caregiving is even more challenging, when your loved one cannot find her essential documents. You might need a copy of your parents’ wedding license… Read More »