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On behalf of The Elder and Disability Law Firm, APC on Monday, August 21, 2017. If you have concerns about your parents' estate plan, there is no time to waste. You should bring this topic to the forefront, as this will allow you to clear the air and help them understand the importance of making a few key decisions.Here are some of the many tips you can follow to more easily discuss estate planning with your elderly parents: Schedule a time to talk. You don't want to bring up this ...

On behalf of The Elder and Disability Law Firm, APC on Monday, August 21, 2017. An often-overlooked consideration in estate planning is reviewing beneficiary designations on a frequent basis. Common instruments that require a beneficiary designation include: Life insurance policies Bank accounts Brokerage firm accounts Retirement accounts Pension plans After major life events, such as a divorce or death of a family member, beneficiary designations should be revisited and reevaluate...

On behalf of The Elder and Disability Law Firm, APC on Monday, August 21, 2017. After Albert Frost passed away on January 14, 2017, the Coast Guard veteran left behind a legacy of service and memories for his family. While going through his belongings, an error led to the donation of a prized possession to the local Goodwill charity store. The prized possession was a ceremonial key to the city awarded to "Commander Albert Frost, USCGC Unimak, Washington, D.C. July 26, 1957." This k...

On behalf of The Elder and Disability Law Firm, APC on Monday, July 10, 2017. When you start to plan your estate in earnest you would do well to consider the details that must be attended to after you pass away. Unless the situation is very simple there are going to be some considerable tasks that must be undertaken by the individual or individuals that you choose to administer the estate.Should you decide to use a last will to elucidate your final wishes the person who will be cha...

On behalf of The Elder and Disability Law Firm, APC on Wednesday, June 14, 2017. You hear time and time again that you need an estate plan. While you already know this, there are some important do's that you should consider as part of your estate plan.Use a Reputable Estate Planning AttorneyIf you think you're saving a lot of money creating your own estate plan, you will be surprised at how much you could lose if your estate plan isn't accurate. The only way to have an estate plan ...

On behalf of The Elder and Disability Law Firm, APC on Wednesday, June 7, 2017. When you are living in the moment going about your day to day responsibilities you may find it difficult to imagine a time when you will be approaching retirement age. As understandable as this may be if you are two or three decades away from your 60s, you have to take action if you want to be prepared for retirement.At the present time the baby boomer generation is reaching retirement age, and studies ...

On behalf of The Elder and Disability Law Firm, APC on Monday, May 22, 2017. Clearly there is a financial component that lies at the core of your estate planning efforts, but this is not the only thing to take into consideration. If you want to be comprehensively prepared for the future it is important to consider all of the eventualities that go along with aging. People who reach an advanced age often decline gradually, and this can sometimes include a period of incapacitation.If ...

On behalf of The Elder and Disability Law Firm, APC on Wednesday, May 17, 2017. A recent report from the Alzheimer's Association states that one in nine Americans age 65 or older currently have Alzheimer's. With the baby boomer generation aging and people living longer, that number may nearly triple by 2050. Alzheimer's, of course, is just one cause of dementia-mini-strokes (TIAs) are also to blame-so the number of those with dementia may actually be higher.Caring for someone with ...

On behalf of The Elder and Disability Law Firm, APC on Tuesday, May 16, 2017. You may wonder if estate planning is right for you. Is it necessary, even if you don't have millions of dollars and a lot of property to leave to your loved ones? No matter how much you have to give to your beneficiaries and heirs, meeting with an estate planning attorney allows you to map out how you want your worldly possessions to be distributed after you are gone.Not Just "Elder" LawAlthough estate pl...

On behalf of The Elder and Disability Law Firm, APC on Wednesday, May 3, 2017. If you've done even minimal research about estate planning, you've likely heard or read warnings about the lengthy probate process and its costs to your heirs and beneficiaries. Avoiding that process is the main benefit of a living trust. It provides for the handling of probate tasks while you are alive, including paying your debts and distributing your assets, so that when you pass on, your intentions d...