You may want to set up power of attorney, if you’d like someone else to make decisions on your behalf. Special power of attorney has a narrow scope. It grants someone the right to act for you in certain situations. It can be helpful in financial decision-making.
As part of your financial and estate planning, you should make arrangements for your care, in case you become incapacitated.
It’s been more than six weeks since the threat of COVID-19 became evident on a widespread level, and life changed in an instant. However, while many people today are grappling with issues, like unemployment and slaughtered retirement accounts, seniors have a unique set of concerns on their hands: protecting their health and their finances simultaneously.
Social distancing guidelines due to the COVID-19 pandemic have presented challenges to all Americans, but they present added stress to the one million family members and friends in New York state who provide care for someone living with Alzheimer’s disease or another dementia.
Will COVID-19 make long-term care even more expensive?
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset, if the account owner dies. However, these forms can create confusion, unintended bequests and family turmoil, if not adequately monitored.
Estate planning design and implementation is not only complex but can be highly emotional. Therefore, it’s important to have a basic understanding of the estate planning process, before approaching a professional.
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
There are still certain people who do get early-onset Alzheimer’s disease. In the U.S., about 200,000 people have it. How can you tell if your loved one is among them? There can be surprising symptoms that warn of its development — and they don’t all involve memory problems.
Federal officials have unveiled a new toolkit to help states expand telehealth coverage under Medicaid and the Children’s Health Insurance Program (CHIP) to fight the Coronavirus pandemic.
If you have a question, a comment, or simply want to have a conversation and explore how we can help, we’d love to hear from you.
8970 W. Cheyenne Ave., Ste. 110
Las Vegas, NV 89129
Email: info@nvestateplan.com
Phone: 702-998-0444
Copyright © Stone Law Offices, Ltd. All rights reserved. Some artwork provided under license agreement.
