Posted by Neil Thompson | Jun 02, 2021 |
Since the 1960's, lawmakers have continued to tackle age discrimination in the workplace. According to study.com, age discrimination is defined as “the practice of letting a person's age unfairly become a factor when deciding who receives a new job, promotion, or other job benefits. Decisions abo...
Posted by Neil Thompson | May 26, 2021 |
Adding a child's name to a bank account may be more of a hassle than it's worth, although it can be helpful to have another party available to keep track of bills when you're sick or away. Doing so may have unintended consequences for both you and the child.
First of all, the money in your accoun...
Posted by Neil Thompson | May 19, 2021 |
The quest to provide cost-effective, quality in-home care for veterans has been a long-time goal of the Department of Veterans Affairs (VA). Although the agency has long been mired in controversies surrounding its programs, particularly arbitrary caregiver dismissals, the home health services sec...
Posted by Neil Thompson | May 12, 2021 |
The 2019 novel coronavirus outbreak was officially named by the World Health Organization (WHO) on February 11, 2020. The coronavirus disease 2019 shortly after became known by its abbreviation, CO for corona, VI for virus, D for disease, and 19 for the year of the outbreak; COVID-19. This virus ...
Posted by Neil Thompson | May 05, 2021 |
As the baby boomer generation ages and the influx of international migration continues, the senior citizen population of the United States is growing quickly. Although the US average life expectancy has seen a slight three-year decline, many Americans, men, and women live well into their 80s, 90s...
Posted by Neil Thompson | Apr 28, 2021 |
When you have a child with special needs, estate planning requires particular preparation. Looking to the future as to how your child will be able to function in the world as they age is particularly tricky to assess. What is the child's long term prognosis and what type of care is anticipated to...
Posted by Neil Thompson | Apr 28, 2021 |
Death and Money: Even in the most open families, conversation often quiets when two subjects arise: death and money.
The uncomfortable talk: For both parents and adult children, confronting the prospect of each other's deaths can be uncomfortable. Privacy around financial matters is often a ...
Posted by Neil Thompson | Apr 21, 2021 |
It is hard to know who to trust with managing your financial well being when you are no longer able to do so? A power of attorney (POA), otherwise known as an agent to your principal, has the legal authority to represent and make decisions on your behalf. What characteristics should you look for ...
Posted by Neil Thompson | Apr 21, 2021 |
Revocable trusts are an “inter vivos” trust, created during a grantor's lifetime. Revocable trusts allow for the management of property both during life and after death. Revocable trusts are one tool for estate planning, but they are not for every situation. Ultimately, the decision to adopt a wi...
Posted by Neil Thompson | Apr 14, 2021 |
Given the reality of living in today's world, mortality is something we need to think about and ensure we have plans in place to take care of our loved ones should we perish unexpectedly. Life insurance can be an affordable way to provide for our children, a spouse, a sibling, aging parents, and ...
Posted by Neil Thompson | Apr 13, 2021 |
Clients are often unaware of what is important in the estate planning discussion. They do not volunteer information that the attorney should know. The attorney should have a checklist or agenda for meetings with the client to ensure they are eliciting all information that is relevant to the plann...
Posted by Neil Thompson | Apr 07, 2021 |
As aging relatives need care, family members have a natural tendency to step up and provide health care. The love and care many adult children receive growing up become reciprocal, particularly in the case of their aging parents. But with the advent of longer lives, it is not atypical that a seni...
Posted by Neil Thompson | Apr 06, 2021 |
The simplest answer is finances and everything else. Conservatorship only deals with finances and does not grant any power to make medical, housing, personal, etc., decisions. Whereas guardianship does not give any authority to handle finances, with the possible exception of ...
Posted by Neil Thompson | Apr 06, 2021 |
Many people have the misconception that executing and filing a Transfer on Death Deed (TODD) on their property or a homestead, protects the property from being included as an available asset for qualifying for public assistance like Medical Assistance and/or Long Term Care coverage by the state f...
Posted by Neil Thompson | Apr 06, 2021 |
Research suggests that approximately 60 percent of U.S. adults have no estate plan, and that having a plan is often influenced by age and socioeconomic status. A Gallup poll conducted in 2016 indicates that 68 percent of Americans aged 65 and older have a will, compared with 14 percent of those y...
Posted by Neil Thompson | Apr 03, 2021 |
A will provides your instructions, but it does not avoid probate. A will only directs how assets titled in your name and without a beneficiary designation or other governing contract will be distributed. The assets must still go through your state's probate court before they can be distributed to...
Posted by Neil Thompson | Oct 14, 2020 |
Your parent is getting older and you are uncertain if there is a plan in place for their future care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging. Instead of having a proactive conversation early in a parent's aging process ...
Posted by Neil Thompson | Oct 07, 2020 |
You should review your estate planning documents every so often, to make sure they're still good, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That's why we recommend th...
Posted by Neil Thompson | Oct 01, 2020 |
An elder law attorney or certified elder law attorney (CELA) specializes as a legal advocate for aging adults and their loved ones. Elder law encompasses a wide range of legal matters affecting an older or disabled person. Issues related to guardianship, retirement, health care including advance ...
Posted by Neil Thompson | Sep 24, 2020 |
Families with loved ones who are most vulnerable to the coronavirus, yet still require caregiving have new challenges to meet. Family caregivers that use to aid their family directly, now find themselves learning how to be long-distance providers during this pandemic. US News reports that before ...