At least 70 percent of retirees will likely need long-term care at some time in their lives. Preparing for this need requires long-term care planning and dealing with some new realities.Long-term care expenses can now erase savings accrued over a lifetime. The average...
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Month: March 2019
The basics about powers of attorney
Prudent estate planning incudes drafting documents and planning for unexpected events besides distribution of property after a person dies. A power of attorney is recommended for the time when a person cannot make financial or medical decisions for themselves. Knowing...
What estate administrators should know about undue influence
As an administrator of an estate, you have a lot of responsibilities. One of your duties is to represent and protect the estate and decedent against legal challenges. It is important for you to be aware of and prepared for claims of undue influence. If a...
Estate planning for second lives
Estate documents are usually utilized for assuring the proper distribution of funds after a person dies or dealing with issues near the end of their lives. But, there is also reassuring news for those who plan to have their body scientifically frozen for future...
Dealing with rising care costs
Many people should include financing for living in a nursing home in their long-term plans, because 56 percent of Americans between the ages of 57 and 61 will reside in a nursing home during their lives. The rising costs of nursing homes necessitates long term...