Dear Raider, I’m finally ready to get my Estate Planning documents done. When I talk to my friends and my husband, all these terms I’ve never heard of come up. Can you enlighten us on some of the common terms used in Estate Planning? Thanks … [Continue reading]
Comparing Revocable Trusts to Irrevocable Trusts: What’s the Difference?
Q. My husband and I have decided to get our Estate Planning in order. We’ve determined that a trust is the way we should go when it comes to Estate Planning. The question is: should we consider a revocable living trust or an irrevocable trust, such … [Continue reading]
Check-in Services to Keep Seniors Who Are Aging in Place Safe
Many of us have loved ones who are aging in place, who may have mobility issues and who are at risk for falls. We may not live nearby, and we may find ourselves staying up at night worrying about what would happen if our loved one had a bad fall or a … [Continue reading]
Does Estate Planning Include Financial Planning, and Should Your Estate Planning Attorney Also Be a Financial Planner?
When you go through the legal process of Estate Planning, this includes you deciding: (1) who you want to receive any real estate, savings/investments, tangible personal property, and other assets of yours after your death; (2) who you want to put in … [Continue reading]
Making Seniors Wishes Come True and Planning for Charitable Giving
Dear Hayek, Every year, I give to the Make-A-Wish Foundation, to help make dreams come true for children with critical illnesses. I heard there was a similar group for seniors and those in elder care facilities. What do you know about this? Also … [Continue reading]
Comparing a Typical Advance Medical Directive to the Farr Law Firm’s 4 Needs Advance Medical Directive®
Benjamin Franklin once said “(n)othing can be said to be certain, except death and taxes.” Today (April 16) is National Healthcare Decisions Day, a day for health care decision planning. And, in keeping with Franklin’s famous quote, each year … [Continue reading]
Should I Enroll in Medicare if I have Federal Retiree Coverage?
Q. In your latest article, you discuss how elder care lawyers help seniors with planning in advance for the financial and health concerns that occur as we age. I really appreciate the assistance and advice your elder law firm provides. I am a retired … [Continue reading]
How Can I Locate an Old 401(k) Retirement Account?
Dear Kiwi and Mango, I am about to retire from federal employment. Before I worked for the government, I used to work at a company where I’m almost certain I had a 401(k) that they matched. I am doing my retirement planning and estate planning, … [Continue reading]
Comparing Elder Law and Estate Planning — What’s the Difference?
Elder Law and Estate Planning serve two different functions, yet they are both equally important. One thing that sets them apart is that Elder Law concentrates on preserving your assets while you are alive, while Estate Planning focuses on what … [Continue reading]
Comparison of Elder Law Firms Based on the Size of the Firm
Q. My husband and I are looking for an estate planning attorney for us who is also a Medicaid planning lawyer that can help my mom and dad. We realized that some elder care planning attorneys in Fairfax, where we live, are one-person shops, while … [Continue reading]
How Can Seniors Make the Most of Financial Literacy Month?
Dear Angel, I just read that April is Financial Literacy Month. What are some things I should think about when it comes to Estate Planning and retirement planning this month? Thanks for your help! Fi Nanshill -- Dear Fi, Every April, … [Continue reading]
What’s the Difference Between a Certified Elder Law Attorney and a Non-Certified Attorney?
When you hire a Medicaid planning attorney, you are probably looking for someone with lots of experience, a stellar reputation, and many satisfied clients. However, there is another element that most people who are seeking highly experienced Medicaid … [Continue reading]
New Law Helps Protect Seniors from Financial Exploitation
Q. Last summer, you wrote about a veteran named Larry Cook who was a victim of financial exploitation. He was scammed out of millions of dollars in Virginia before he died. Mr. Cook was very careful with his money and would never have allowed himself … [Continue reading]
How Can I Help My Husband Make Better Money Decisions?
Dear Hayek, My husband doesn’t always make the best decisions about money. He has come close to being scammed in the recent past. Do you know of any training he (and I) could take to protect us from financial exploitation? Also, are there any tips … [Continue reading]
Does an Adult Child Have a Legal and/or Moral Duty to Become a Parent’s Caregiver?
Jane had a good childhood growing up in Virginia. However, she kept both an emotional and geographic distance from her mother for most of her adult life. The rift began after her parents' divorce, which Jane blamed on her mother. They had only spoken … [Continue reading]
Getting Remarried? What to Discuss and Plan Before Walking Down the Aisle
Q. I have been a widower for six years and recently found love again. I asked her to marry me and she accepted. This is new to me, as I had been with my late wife for forty years and then on my own again until recently. What are some things that you … [Continue reading]
Are a Prenuptial Agreement and a Postnuptial Agreement Essentially the Same Thing?
Dear Kiwi and Mango, My brother is getting re-married and is on the fence about a prenuptial agreement. My husband and I actually have a postnuptial agreement. Aren’t they essentially the same thing? Which is preferable? Can you help me convince … [Continue reading]
Speed of Speech, Rather Than Loss of Words, May Be an Early Indicator of Dementia
Years before they were diagnosed with Alzheimer’s, subtle changes became apparent in the spoken and written words of public figures Ronald Reagan and Iris Murdoch. During non-scripted public speaking, the late President Reagan showed a significant … [Continue reading]
Problems with Beneficiary Designations Part 3 — Usually They Take Precedence Over Your Estate Planning Documents, But Sometimes They Don’t
Note: This article is Part 3 in a series on the Problems with Beneficiary Designations. Links for the prior two articles are below and at the bottom of this article. Please click here to read Part 1 and please click here to read Part 2. Q. My … [Continue reading]
How Estate Planning Helps You and Your Caregiver
Dear Angel, I have Parkinson’s and need lots of care, and I know things are just going to get tougher. My sister is my caregiver who helps me full-time. I heard that getting my estate planning and long-term care planning in order will not only … [Continue reading]
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