When it comes time to plan for long-term care and the distribution of assets at death, procrastination can be hard on a family. Some people can feel overwhelmed. Some people find it hard to discuss this topic. Some are concerned about the cost of planning for long-term care. However, failing to plan can cost you and your family …
Archives for October 2022
When you turn your clocks back, its time to review your estate plan
In November we change our clocks back to standard time. Just as we are encouraged to change the batteries in our smoke detectors when we go off, or on, daylight savings time, I’d like to encourage you to take the time to review your estate planning documents and to make important choices for your legal and financial future. It’s easy to …
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When a Loved One Dies
After a loved one dies, there are many issues that need to be addressed to wrap up the person’s legal and financial affairs. The following is a checklist of issues to consider: The funeral home should take care of providing you with certified copies of the death certificate. The number of death certificates you need will depend on the assets …
It’s never too soon to start retirement financial planning
Dear Atty. Tully, Several years ago I went through a horrible experience with my mother when she became ill and had to go into a nursing home. Unfortunately, my mother did not plan in advance and she lost just about everything she owned. I vowed from that date to plan early and to protect my estate and family. I plan to retire in 10 years. …
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Finding an attorney who matches your needs
Aging persons and their family members face many unique issues. As you can tell from topics in this column, the legal, financial and care planning issues facing prospective nursing home residents and their families can be particularly complex. If you or a family member needs nursing home care, it is clear you need competent and experienced legal …
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