Estate Planning Isn’t Just For The Elderly
Having a special needs child changes many things in your life, especially if your child will need care for the rest of his or her life. You will likely not be around the whole time, so you need to do some special needs planning as part of your estate planning process....
A major concern for many parents of children with special needs is what their children will do when they are no longer around to help. More than establishing a trust, writing a letter of intention or instruction can help ensure that a child gets the exact care they...
Your vacation home may have become a beloved haven for you and your children, grandchildren and other family members to enjoy. As you make plans for how your estate will transfer after your death, you may worry that this special piece of property will no longer be...
Though many people will come across a situation in their lives where they may need a guardian or might need to become a guardian for someone else, very few people actually know much about guardianships. What are the basics to know about a guardianship? How does it...
Some New York parents name individuals to be godparents to their children. You may believe that a godparent is someone who will act as a guardian to a child if the biological parents die. While some parents want godparents to fill this role, the truth is that...
When people grow older, they often worry about losing independence. While assisted living can greatly improve quality of life, most people prefer the familiarity and comfort of their own homes. If you plan to age in place, you should prepare for the future by making...
While people know the importance of wills and trusts, future health care should also top the list of your future plans. According to LongTermCare.gov, a person currently aged 65 has nearly a 70% chance of requiring some form of long-term care support. While no one...
One thing most people do not want to consider when creating their estate plan is whether or not it will cause rifts in the family. Unfortunately, estate plans and wills have very real power to rip a family apart. Thus, it is important to understand exactly why many of...
As your parents' age, you may grow accustomed to helping them with the tasks of daily life. However, there may come a time when you need the services you are currently setting up for your parents. This is why it's important consider the elements of your own long-term...
If you have a relative with a disability for whom you are responsible, then you will need to do special needs planning along with your typical estate planning. You want to be sure your loved one has his or her care in order should something ever happen to you....