Incorporating legal measures as part of one’s estate and retirement planning to protect against catastrophic healthcare costs, especially nursing home charges, is important but often overlooked. Elder law attorneys have the expertise needed to properly address those concerns in addition to handling other aspects of estate planning. But what if someone has already entered a
Many older adults have life insurance that they no longer need. With children grown and no debt, the purpose for which the insurance was acquired no longer exists. Life insurance is an asset that many older adults have. According to Vital Life, 57 percent of Americans aged 65 and older have life insurance policies. In
There are many kinds of Trusts. The most well known is the so-called “Living Trust”, in which someone creates and funds a Trust, naming himself as Trustee and beneficiary, and in which that person can amend or revoke it at any time. But generally, for a variety of reasons, someone creating a Trust is going
