There are numerous types of trusts available for estate planning, but the most important types for Alzheimer’s or dementia patients is the Living Trust. The living trust provides for the private management of assets by the person you appoint to do so if you are unable to manage your assets yourself. In short, when you [...]
If you are helping a loved one that has recently been diagnosed with Alzheimer’s prepare their Last Will and Testament, the volume of information your elder law attorney asks for may be overwhelming. Before you visit your attorney, use this list to help you be as prepared as possible, and hopefully relieve a little of [...]
If you have been named a Trustee, it is highly advisable that you seek the guidance of an experienced Ohio estate planning attorney. When you become a trustee, you take on a huge responsibility, and should you make a mistake, you can be personally liable. What is a Trustee? A trust is the legal arrangement [...]
It’s always a dramatic scene in the movies. Someone dies, and the relatives that haven’t spoken in a dozen years are forced to come together and pretend like they like each other so they can hear who was left an inheritance and see who was removed from the will. Thankfully, this common movie scene is [...]
No one wants to think about a time where they may be alone and unable to take care of basic activities, such as bathing and dressing, without the assistance of someone else. We also don’t want to think that our partner may not be there with us, or able to help if we need help [...]
Many people put together their estate plan, and forget about it. While no one likes to think about dying, the fact of the matter is that life events change and shape your financial outlook. Your estate plan needs to be an evolving plan, and during certain aspects of your life it needs to be revisited. [...]
Contrary to popular belief, your estate planning is not complete once your will is written and signed. There are other equally important elements of a solid estate plan that should be addressed. Below is a quick run through of the five elements every estate plan should have. Will- Your will is a legally-binding document that [...]
Let’s face it, no one enjoys the idea of writing a will. Most of us really don’t want to think about the reasons why we are writing a will. So it’s perfectly understandable that many people procrastinate when it comes to finalizing their estate planning documents. What most people don’t think about is that their [...]
A complaint shared among many individuals who seek legal advice—especially those with questions about long-term care planning—is that the advice they receive often seems erudite to the point that they require a translator. As you might imagine, for those trying to grasp the ins and outs of financial planning as it relates to Medicaid, Medicare, [...]
In Protect Your Family! We’ve Cracked the Code on Long-Term Care Planning, Paul J. Stano and ten leading elder law attorneys shed light on up-to-date issues concerning seniors, their families, and their communities. Information shared in this collaborative book, co-authored written by legal experts from across the nation, addresses many exigent issues concerning elder care [...]