Talking to your parents about estate planning can be a sensitive and challenging topic. It involves discussing what will happen after they pass away, which is not an easy conversation for anyone. However, it is important to have a discussion to ensure their loved ones...
Proud Neighbors In Cincinnati
Proud Neighbors In Cincinnati
Estate Planning & Elder Law
Managing debts and easing financial worries for retirees
Retirement is a time to savor life's rewards and enjoy the fruits of your labor. But at the same time, it is also crucial to ensure that your loved ones will not carry the burden of your debts or liabilities after you are gone. Debt is a reality for many of us, and as...
Shield your family from unnecessary burdens with estate planning
Without your clear instructions, family disputes can arise over your estate, your medical treatment and the guardianship of your children in case of incapacity or death. Instead of allowing stress and drama to overwhelm your family, drafting a carefully thought-out...
Estate planning for when you lose the capacity to plan
When you think of estate planning, the foremost issue that comes to mind is the division and distribution of the estate to surviving heirs and beneficiaries. You may create a living trust where you can transfer your property and assets, and then name your trust...
Including digital assets in your estate plan
When you think of estate planning, what comes to your mind? Perhaps you were thinking of leaving behind a prized heirloom, giving away an ancestral home, or creating a trust fund to help your loved ones overcome financial hardship. All these things are true, but you...
Will creditors go after my loved ones for my debts when I die?
As much as possible, we want our debts to be minimal, if not nonexistent. However, certain circumstances in our lives force us to avail of loans, whether to pay for college tuition or cover medical expenses. Fortunately, it is a burden that your loved ones do not have...
Do I need a power of attorney?
Your estate plan may include some key details about what will happen to your assets after you pass away. For instance, after probate, your assets will very likely be distributed to family, friends and loved ones by your designated executor. If you have children, then...
2 ways advance Medicaid planning protects your assets
Ideally, you won't require Medicaid healthcare coverage as you age. You will have enough in savings to cover your basic cost-of-living expenses, and your health will remain strong enough that Medicare coverage will be sufficient. Many people will find Medicare...
Elderly parents and the elephant in the room
A great number of adults worry about the pitfalls their elderly parents face when they continue to live independently in their own homes. Penn State University researchers conducted a study and learned that 77% of adults with living parents perceive their refusal to...
3 red flags to watch out for when seeking nursing home care
When an elderly loved one needs nursing home care, it’s important to find a facility that offers the support that they need. Nursing home facilities should provide appropriate health care to all of their residents, including those with dementia, Alzheimer’s disease...