A funeral comes at a time when the death of a loved one is recent and close, and many people are still in shock and in some cases struggling with the reality of loss. Funerals help grieving loved ones come to terms with death and say their final goodbyes… but for the person planning the… Read More »
Monthly Archives: March 2012
What To Do After the Death Of A Loved One
Anyone who has lost a close friend or family member knows that what a difficult, painful, and overwhelming time it can be. We are often asked to help our clients through estate administration process when a loved one dies, but probate isn’t the only thing you’ll have to think about; in fact, it may not… Read More »
Dementia or Alzheimer’s: Is It Too Late For Your Parents To Sign Legal Documents?
The question of competence has become a very big issue in the estate planning/elder law world over the past few years. As the population ages, and awareness of Alzheimer’s and dementia diagnoses grow, more and more adult children are questioning the ability of their elderly parents to make legal and financial decisions. Some children are… Read More »
Giving Your Home To Your Children Can Have Tax Consequences
Clients sometimes ask about the wisdom of giving their home to their children, usually in order to avoid probate and “simplify” things after the parent’s demise. However, this is not usually the best plan and doing so can often result in unintended tax consequences for the recipient child. This is especially so if the parent’s… Read More »
Need Help For Nursing Home Costs?
If a family member needs care in a nursing home, you may be surprised by the cost. In our community, the cost of placement even for routine custodial care averages approximately $7,500 per month for a semi-private room and approximately $8,500 per month for a private room. Most families cannot afford this expense without impoverishing the at-home… Read More »