Most people in the United States do not have estate plans in place, and the overall lack of preparedness is a head scratcher. We will devote a future blog post to the results of a recent survey on the subject, but suffice to say that most people between 35 and 55 are unprepared. This is the confusing part, because a very significant percentage of people in this age group have dependent children. It is irresponsible to go through life without an estate plan when you have others depending on … [Read more...] about Young Adults Need Advance Directives
It is said that “experience is something that you get just after you need it.” There is a lot of truth in this statement, and that’s the way life is in many ways. You cannot fully understand something until you have experienced it, and it is not always easy to learn these lessons. This certainly enters the picture when it comes to planning ahead for the eventualities of aging. When you have been perfectly capable of handling all of your own affairs throughout your life, it can be hard to … [Read more...] about Incapacity Planning: Choose Representatives in Advance
Estate planning is considered by many to be a purely financial exercise. Without question, you have to decide how you want your assets to be distributed after you are gone and state your wishes in a legally binding manner. However, a well-constructed estate plan will include another component. Sadly, many people become unable to communicate at the end of their lives. Decisions may present themselves, and it is wise to anticipate all possibilities in a proactive manner. This is partially done … [Read more...] about Are Your Advance Directives in Place?
Creating a comprehensive estate plan to ensure that your estate assets are distributed according to your wishes is certainly important. What you may not realize, however, is that planning for the possibility of your own incapacity is equally important. The Glastonbury living trust lawyers at Nirenstein, Horowitz & Associates, P.C. explain how incorporating a living trust into your overall estate plan can help protect you against the possibility of your own incapacity. Why Is Incapacity … [Read more...] about How Does a Living Trust Work to Protect Against Incapacity?
Hartford elder law attorneys help seniors to address issues that are most important to them as they plan for their future. While you may want to focus on making plans for a happy and secure retirement and considering how to achieve other positive goals, it is also essential that you plan ahead in case disaster strikes. If something happens to you and you get seriously hurt or badly injured, you and your family will be in a much better situation if you have made plans for what should happen when … [Read more...] about What Can You Do If You Don’t Want To Be Kept Alive on a Machine?
Hartford elder law lawyers provide help with the incapacity planning process. Making an incapacity plan is not just something that seniors should do, but is important for people of all ages. An incapacity plan helps you to specify what should happen to you, and to your property and assets, if you become sick or hurt and temporarily cannot communicate or manage your own affairs. Nirenstein, Horowitz & Associates will explain to you what types of legal tools can be a part of your … [Read more...] about 5 Benefits of Incapacity Planning
A Hartford trust attorney can provide you with invaluable assistance in making plans in case you become incapacitated. You need to ensure that your assets are appropriately protected and managed, even if you have a medical issue that prevents you from managing them. While this can be a challenge, an experienced legal professional can help you to make use of the tools that you need under Connecticut law to keep your wealth safe and secure. Asset protection and incapacity planning are … [Read more...] about How a Hartford Trust Attorney Helps You Plan for Incapacity
Alzheimer's Disease, Guardianship, and Incapacity Planning from Barry D Horowitz When you plan your estate, you tackle some difficult realities that people are not especially anxious to think about. You address things that will take place after you are gone, but you should also consider the eventualities that could present themselves toward the end of your life. … [Read more...] about Alzheimer’s Disease, Guardianship, and Incapacity Planning
To be comprehensively prepared for the eventualities of aging, you should consider the possibility of future incapacity. While this may not be the most pleasant subject to address, it is important to take action to protect yourself, because incapacity is quite common among elder Americans. Understand the Facts When you are capable of making your own decisions all of your life, it may be hard to imagine a time when you can no longer handle your own affairs. This is understandable, but as life … [Read more...] about Why Is a Durable Power of Attorney Different?
Sometimes an individual wants to empower another person to act on his or her behalf in a legally binding manner. There are various different reasons why this dynamic may be in place, and the situation can be addressed through the creation of a legally binding document called a power of attorney. To provide a simple overview, the person who is granting this power to another is called the principal or the grantor. The individual who is going to be empowered to make decisions on behalf of the … [Read more...] about Are Your Durable Powers of Attorney in Place?