The holidays are a time to spend with family, to exchange gifts, and to celebrate. It’s also a time of giving and caring for others. In particular, it’s important to remember to care for our elderly loved ones.
One of the greatest gifts you can give to your family is to have an appropriate estate plan in place when needs arise. Many readers will likely take that statement with a grain of salt, considering the person who wrote it is an estate planning attorney. It is true – I may be biased. But allow me to tell you the story of three brothers to illustrate my point.
Mary hadn’t slept well in days. Her husband, James, was in the hospital, and the doctors recently told Mary that he would need the 24 hour care of a nursing home after discharge. Mary’s primary concern was obviously for James’ health, but financial concerns also weighed heavily on her mind.
Probate is a court process that is necessary when assets are titled solely in the name of a person when he or she dies. Probate issues often arise with real estate, but it can also be an issue with assets such as bank accounts, investment accounts, life insurance, stocks, and vehicles.
There are similarities between a power of attorney and a guardianship, but there are also drastic differences. In some cases there are ways to avoid guardianship, but in all cases there are ways to ensure that you have designated who you want to act for you if a guardianship becomes unavoidable.
I’m not usually one to remember the exact details of specific plays in sporting events long after they happen, even when those plays were interesting or unusual. But there is one particular play from an especially important college football game that I will never forget. I remember the setting well. I was in Dallas for […]
Our estate planning clients often ask, “Am I ever going to have to re-do these documents?” The legal answer is that the documents we prepare will always be valid—they don’t get “stale” or invalid after a period of time.
The information contained on this website is intended to provide general information. It is not intended as legal advice, and it does not create any type of attorney-client relationship. Estate Planning and Elder Law are complex fields, and each case is unique. Do not rely on the general information contained on this website when making legal decisions. Seek professional advice. The information contained on this website is the property of The Elrod Firm, and cannot be reused or disseminated without the express written consent of The Elrod Firm.