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May 2017 Archives

Is It Important to Execute an Advance Health Care Directive?

Clearly there is a financial component that lies at the core of your estate planning efforts, but this is not the only thing to take into consideration. If you want to be comprehensively prepared for the future it is important to consider all of the eventualities that go along with aging. People who reach an advanced age often decline gradually, and this can sometimes include a period of incapacitation.

The Costs of Dementia: For the Patient and the Family

A recent report from the Alzheimer's Association states that one in nine Americans age 65 or older currently have Alzheimer's. With the baby boomer generation aging and people living longer, that number may nearly triple by 2050. Alzheimer's, of course, is just one cause of dementia-mini-strokes (TIAs) are also to blame-so the number of those with dementia may actually be higher.

Who Can Benefit from Estate Planning?

You may wonder if estate planning is right for you. Is it necessary, even if you don't have millions of dollars and a lot of property to leave to your loved ones? No matter how much you have to give to your beneficiaries and heirs, meeting with an estate planning attorney allows you to map out how you want your worldly possessions to be distributed after you are gone.

Why Creating a Living Trust Is a Good Idea

If you've done even minimal research about estate planning, you've likely heard or read warnings about the lengthy probate process and its costs to your heirs and beneficiaries. Avoiding that process is the main benefit of a living trust. It provides for the handling of probate tasks while you are alive, including paying your debts and distributing your assets, so that when you pass on, your intentions do not have to be figured out and settled by a probate judge.

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