Common Problems of Trustees in Trust Administration

Trust can serve a variety of functions such as preserving family assets, avoiding estate taxation, and keeping wealth out of the probate process.  While these invaluable legal constructs can serve to protect what you have built their management can be complicated.  Here are some common problems of trustees in trust administration. The Trustee When a… Read More »

Special Needs Planning and Mental Health Issues

Parents of children with complex psychiatric needs are often tasked with addressing their child’s medical and educational issues while providing a supportive family environment.  In some cases, the child’s mental health needs will extend into adulthood and inhibit their ability to provide for themselves.  As caregiving parents age, it is often necessary to have measures… Read More »

Irrevocable Trusts and You

Trust can be a mysterious concept.  While many of us have heard of a trust, we may not understand the different types and how they may be advantageous for our circumstances.  One key consideration when planning a trust is whether it will be revocable or irrevocable.  In many cases, when an irrevocable trust is a… Read More »

Supported Decision-Making v. Guardianship

As adults, we value our ability to make our own decisions about where we live, who provides our medical care, and how we want our treatment to be managed by our healthcare providers.   However, life circumstances may occur which can interfere with a person being able to make these choices independently. For instance, it may… Read More »

Burial Policies: What You Need to Know

Funeral expenses are not always something most people want to consider.  However, given that the average funeral can cost more than $10,000.00, it is worth taking into account how this expenditure will be paid.  There are essentially three options: 1) leave the matter for your family to pay for from your estate or their own… Read More »

Medicaid and Your Long-Term Plans

Seniors entering their retirement years are often concerned about planning for their future medical needs.  Some may have private health insurance policies in place while others plan to be mostly reliant on Medicare.  For many, it may be a surprise to learn that their insurance and Medicare will not include the coverage associated with long-term… Read More »

Becoming Your Parent’s Guardian

Sometimes as parents age there can be issues with their cognitive functioning which are so pervasive that they are no longer able to fully or adequately care for themselves.  This leaves adult children in the unenviable position of having to reverse roles with their parent and take on responsibility for their personal care decisions.  In… Read More »

Support Programs for Dementia Caregivers

When someone you love is diagnosed with Alzheimer’s disease or another form of dementia, it is usually after they begin having trouble with their mental processes.  For some, their symptoms may be mild enough to remain at home with the supervision and care of a spouse, adult child, or someone else who is close to… Read More »

What Are You Thankful For?

  “Now and then it’s good to pause in our pursuit of happiness and just be happy.” ~ Guillaume Apollinaire   Thanksgiving is a time to gather with family and friends and give thanks for our many blessings.  I think it’s natural sometimes to focus on what we don’t have instead of the things we… Read More »

Challenging Conservatorship

When a person experiences cognitive impairment due to a medical or mental health disorder, injury, or disease, it can have a profound impact on their daily life.  Under some circumstances, the person’s condition may be so severe that it is questionable if they can effectively manage their finances.  In this situation, it may be necessary… Read More »