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September 2015 Archives

Lack of knowledge of government programs could cause trouble in care planning

How an elderly individual addresses the costs they face can play a very major role in what their retirement is like and what sort of financial legacy their loved ones are ultimately able to receive from them. For many elderly individuals, one of the bigger costs they face are the costs related to long-term care and medical care. Thus, care costs are something it can be very important for seniors to prepare for.

Estate planning when the kids don't get along

Parents hope their children will get along with each other well. Unfortunately, this doesn't always happen with siblings; siblings sometimes have rather tense rivalries or poor relations with one another. Sibling rivalries among their children have the potential to have estate planning implications for parents.

Helping guardians of the estate at all stages

One thing individuals with elderly relatives often care greatly about is protecting their elderly loved one. This can include protecting them financially. One thing that can create major financial dangers for an elderly individual is when their financial decision-making abilities become compromised, such as by a medical condition like dementia. When a person here in Texas believes their elderly loved one is no longer able to make financial decisions on their own, one option they may have to financially protect their loved one is to pursue being appointed the guardian of the estate for their loved one

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