Insightful articles that provide further information related to estate planning and elder law.
Although Coach Dale had a passion for planning in all other areas of his life, and he preached preparation to his players on the court and on the field, he fell into the trap that caught so many before him and will continue coaching folks long after he’s gone.
Retirement accounts, including IRAs and 401(k) funds, are often some of the largest assets our clients own. People typically have three main concerns when planning to pass their retirement funds on to the next generation.
It probably comes as no surprise that I, an estate planning and elder law attorney who uses the tag line You Need a Plan, would love a story about the foresight shown by Benjamin Franklin in the preparation of his Last Will and Testament, especially right here at the Fourth of July.
By planning ahead you can have the peace of mind of knowing that even if something happens to you, your children will be properly taken care of and will have the benefit of the protections you set up for them.
Scott was not feeling very lucky as he got ready for work Monday morning at the unusually late hour of 9:00 a.m. He normally left for work by 7:45 every morning, but that didn’t happen on this particular Monday. When his rental car pulled into the driveway at 3:30 Sunday night (or was it already Monday morning), he had no intention of setting an alarm to wake up on time for the start of the new week.
We help a lot of clients set up trusts with a goal of avoiding probate. We also help many family members administer trusts after their loved ones pass away. Once you take over the role of trustee there are steps that need to be taken to administer the trust.
We help a lot of clients obtain guardianship over their family members, and this can be invaluable when assistance and protection is needed. The two main situations when a guardianship is necessary are when the person is no longer competent to sign a power of attorney because of health issues or when the authority given in a previously signed power of attorney is no longer enough.
When it comes to healthcare, getting your affairs in order can be very easy and inexpensive. You just have to make planning a priority. From a legal perspective, getting your healthcare affairs in order means executing three essential planning documents: the healthcare power of attorney, the living will, and the HIPAA authorization.
Most people assume and hope that their children will outlive them. Unfortunately, life doesn’t always go as planned. As estate planning attorneys, we have to plan for worst case scenarios.
We have some big news! The firm you’ve known for years as The Elder Law Practice of Justin S. Elrod is changing its name. We’re now The Elrod Firm. But don’t worry; this is still the same firm and we’re still the same people you’ve worked with through the year
© The Elrod Firm. The information on this website is merely general information. It is not 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 on this website when making legal decisions. Seek professional advice. The information 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.
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