As your parents age, it may fall on you to look out for them. It is especially important that you help them avoid scams designed to take advantage of senior citizens and steal their money. Your parents may be sharp in other aspects, but scammers are very sophisticated...
Year: 2020
3 key considerations for special needs planning
Estate planning in Seattle offers families the means to make provisions to preserve their wealth, provide for their relatives and secure their legacies. When you have loved ones with disabilities to consider, you need to include arrangements that go beyond the basic...
What to know about a guardian ad litem
Some families face the tough reality that a parent has lost the ability to handle their personal or financial affairs. They fear that their loved one is no longer fit to live alone or could lose all their money unless someone steps in and takes charge of the financial...
What are financial powers of attorney?
Financial powers of attorney are one element within your estate planning package. According to FindLaw, within your estate planning package, you will have a living trust, wills, financial durable powers of attorney and healthcare directives. Financial powers of...
How can you initiate the estate planning talk with your parents?
Estate planning may not be an interesting topic to bring up, but it is a necessary one. As your parents age, an estate plan becomes more necessary. According to MarketWatch, around 30 percent of parents do not have detailed talks with their adult children about their...
Estate planning during uncertain times
Even the strongest people worry about the future. Whether we like it or not, it is impossible to know precisely what will happen tomorrow – much less a week, month or year from now. Things change, sometimes in ways that challenge us. That’s life. Fortunately, there...
Estate plans and unmarried partners
When it comes to estate planning, many people recognize the critical role that a spouse plays in one's estate. For example, many people decide to name their spouse as the person to manage their estate in the event that they pass away, and people often hand over their...
Writing your last will and testament: What you should know
Creating a last will and testament is not confined to those planning their retirement or making final life arrangements. You may not think about writing your will when you get married or have your first child. However, financial and estate planning professionals...
Does Medicare cover assisted living?
One of the biggest benefits of modern medical science is that it is allowing many of us to live longer. Of course, having more time to enjoy our golden years and be with our grandchildren is a major plus, but there are some things that need to be considered when...
Reports of elder abuse in Washington State reach all-time high
Washington’s elderly population has seen a significant increase in episodes of abuse. As determined by the Evergreen State’s Department of Social and Health Services and reported by K5 King-TV News, reports of abuse more than tripled during the years between 2012 and...