In the event you may become incapacitated and need a trusted person to manage your affairs, a power of attorney will declare who this trusted agent is. These legal documents can grant broad authority to one or more power of attorney agents to transact business or make medical decisions based on your behalf. What…
DetailsThe coronavirus has arrived and is here to stay. And studies have shown it is deadlier for those over the age of 65. Individuals living in senior living communities, such as independent living, assisted living, memory care, and nursing homes have the highest risk of becoming infected and possibly dying from the virus or a…
DetailsLeaving property to your heirs should be fairly simple, you would think. You make a will or a trust, you do a transfer-on-death deed for your real estate, you put your kids on your bank account, you designate beneficiaries for your life insurance and retirement accounts, and you’re done. If only things were that…
DetailsThe VA Maintaining Systems and Strengthening Integrated Outside Networks Act, or VA Mission Act was primarily designed to provide options and aid to expand private health care options through the VA. The Act also will eliminate, in stages, the previous limitation for caregivers of veterans who were wounded before 9/11 to receive government training and…
DetailsThe Federal Long Term Care Insurance Program (FLTCIP) offers long-term care for federal or US postal employees or any active or retired Uniformed Services members. First, the basics of long-term care: it isn’t professional medical care, it isn’t seeking recovery or a cure. It includes home care, including by family members, assisted living facilities, nursing…
DetailsIt is unclear whether or not your parent has a plan in place for long-term care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of having a proactive conversation early in a parent’s aging process, most families have a reactive…
DetailsThe US Food and Drug Administration (FDA) recently approved a new drug under the trademark Aduhelm™ to treat Alzheimer’s disease. The drug, Aducanumab, is a therapeutic drug that clinically demonstrates a potential to delay further decline from Alzheimer’s disease and is also the first FDA approval for a drug that does more than address the…
DetailsOne of the most crucial components of an estate plan is a durable power of attorney. It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. If you have not appointed an agent then your friends and family may not have the authority to make…
DetailsA trust is set up to manage a person’s assets and property, and this trust is overseen by an appointed person. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility of making decisions in the best interest of the person who benefits from the trust,…
DetailsA pet trust makes it possible for you to continue to provide for your pet when you have passed. A pet trust is a legal arrangement that will specify how to care for and take care financially of your beloved pet and is legally recognized in all fifty states and the District of Columbia. Like…
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