A Helping Hand More and more often we are seeing “solo agers” in need of a long term plan to address their needs. As you age these needs involve care coordination, bill pay, and property management so you can safely stay home. Who is going to check to see if it is time for a servicing by the plumber before things get bad, or for repairs after thing do?
Writing Your Own Will Many clients believe all they need is a Last Will. I believe a Power of Attorney is much more important. A Power of Attorney decides who manages your assets, and your bill pay, while you are still living. But that said, a Last Will can still be very important. A Last Will decides who inherits what, after you are deceased.
Should I Give My Kids the House? Families often wonder what they should do to protect their home and money if they need care. The truth is the State does not take the assets when someone needs Medicaid.
The Closest Alligator There always seem to be a million tasks to do, in all phases of life. Put away your toys! Finish your homework! Apply for those jobs! Make another report! Change the diapers! Do the laundry! Clean the house! Cut the lawn! Put out the decorations! Even after retirement life seems to change into the same.
The Retirement After-Party A 30-year-old friend says he wants to retire. To me, retirement in your 30s is only a pipe dream. Even if you could do that financially, would you be happy? There is so much satisfaction and purpose in working a job you like. Lying around all day, gaming or whatever he plans to do, I am sure that he will grow old very quickly.
Why do I need Probate? Many people fear probate because they believe it is a nightmare to do, or costs a LOT. But it does not have to take more than 6 to 8 months as long as no one is fighting about anything. Often the process is closer to 2 months, if you pre-plan well. Plus, there are a lot of benefits that come with it. Many families are surprised to learn they need to go through probate years after a loved one has died. This usually comes up because they are trying to sell the family home.
