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To properly handle foreign property in your estate plan, it's essential to consult with an estate planning attorney familiar with both the domestic and foreign laws governing property ownership and inheritance. This includes understanding tax implications, jurisdictional rules for estate execution, and ensuring that your will or trust is legally valid in the country where the property is located. Additionally, consider designating a local fiduciary who can guide you efficiently, as this can significantly ease the process for your heirs and help fulfill your wishes.

One of the hardest parts of dealing with aging parents with dementia from Alzheimer's or other illnesses is ensuring their continued safety in their home environments. Sometimes everyone but the elderly parent—such as adult children, neighbors, and doctors—agrees that the parent now needs a supervised living environment to remain safe.

Long-term care is becoming increasingly common for individuals. With the rising numbers of Alzheimer's cases in the United States, it is imperative that family members protect themselves from the burdening costs associated with long-term care.

Behind every well-crafted special needs plan stands a diligent and capable trustee, ready to uphold the wishes of the grantor and provide support to the beneficiary. The responsibilities of a trustee are important for any special needs planning strategy, requiring a deep understanding of the laws, financial management principles, and compassionate caregiving.

A pooled trust works by pooling the resources of many beneficiaries, but each beneficiary has a separate account for their personal use. When the beneficiary passes away, a portion of the remaining assets may be kept by the trust to assist other members.

Estate planning involves creating legal instruments that will distribute assets to your loved ones when you’re gone. The most commonly known document for doing this is a last will and testament, commonly referred to as just a will. However, because wills need to go through probate court proceedings, which can take months, many people create revocable trusts, also known as living trusts, whose asset distributions and other instructions can be completed quickly outside of probate.

Estate planning involves more than just deciding how your assets will be distributed after your death. For parents, it entails making crucial decisions about their children's future, one of which is naming a legal guardian.

A will is not a one-time document; it's a living, breathing legal instrument that should evolve as your life changes. Regularly reviewing and updating your will ensures that it accurately reflects your wishes and protects the interests of your loved ones.

We’ve all no doubt seen those TV dramas where someone in an oak-paneled study reads the contents of a will to an assembled audience of heirs and would-be beneficiaries. Suddenly a gasp or two are heard, and it’s clear that someone or more is bewildered as to why they were left out or shortchanged.

According to various surveys, fewer than 40 percent of Americans even have a last will and testament in place, and the others say they don’t have enough assets to bother or they’re waiting for the proper time, whatever that might be. Granted, no one likes contemplating the end of life, but you should make plans to care for your loved ones when you’re gone.