Estate Planning and Preparing Your Operation to Be Passed Down
Written by David Payne – Estate Planning Attorney, Ozarks Legacy Law As featured in JRS Cattlemen’s News – November 2022 Issue See Article Those without
Written by David Payne – Estate Planning Attorney, Ozarks Legacy Law As featured in JRS Cattlemen’s News – November 2022 Issue See Article Those without
Many people have signed at least one power of attorney in their life. A power of attorney, which names a trusted family member, friend or advisor as your “attorney-in-fact” to control your assets, is meant to be used, if you are incapacitated.
The death of a spouse is one of the most difficult things imaginable. Besides the emotional toll, surviving spouses typically confront financial issues, which often trigger tax-related questions and consequences.
My Dad has been deemed unable to make his own decisions, and he does not have a Power of Attorney. The hospital said we need to apply for guardianship. What is that?
Many people focus on only protecting their estate from probate. However, in the big picture, probate is the least of their worries.
Aging parents grow stubborn, and researchers are uncovering the reasons why.
According to the American Association of Retired Persons (AARP), roughly 50% of those aged 65 will need long-term care (LTC) one day. Long-term care insurance covers things not normally covered by regular medical insurance. This includes nursing home, assisted living or home care for those who need it, due to chronic conditions like dementia or other disabilities.
As you age, it is important to have your affairs in order to ensure peace of mind for you and your family. Several documents need to be in place to help your family know and carry out your wishes.
Each year, senior citizens lose billions of dollars to financial fraud, with the loss to individual victims averaging tens of thousands of dollars.
Scammers gravitate to tightened finances, like moths to a flame. To complicate matters, shelter-in-place restrictions have pushed people to make more online transactions. That means new opportunities for fraudsters to take advantage of seniors, who may be new digital accountholders.
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