Ways to Protect your Adult Child Who Suffers from Mental Illness Through Estate Planning

Ways to Protect your Adult Child Who Suffers from Mental Illness Through Estate Planning

As a parent of a child with mental illness, you know it is not an easy road.  There is no question that your child has faced more challenges than most and, as his or her life has continued, you have found these challenges become more complicated as your child becomes an adult. From navigating public benefits to ensuring your child has the health care needed on a daily basis to understanding the best way to communicate with your child, you know...
Can You Be Paid as a Family Caregiver?

Can You Be Paid as a Family Caregiver?

Are you serving as a caregiver to an older or disabled family member? It can be an invaluable service to a loved one and a rewarding experience as well. Unfortunately, however, it can also come at a great cost. Those working as family caregivers often have to significantly reduce work hours or leave jobs in order to accommodate caregiving duties. With this significant loss of income, it may be important for caregivers to know their options...
How to Plan for Expected Changes in the Estate Tax

How to Plan for Expected Changes in the Estate Tax

Have you heard about the estate tax changes that may become law before the end of the year? While the current estate tax exemption sits at $11.7 million per person and $23.4 million per married couple, there have been proposals in the works to lower those numbers down to the  levels seen back in 2009. This would mean the estate tax exemption would be significantly reduced down to $3.5 million per person. Furthermore, estate tax rates would...
Key Reasons Why You Need to Update Your Estate Plan When You Move to a New State

Key Reasons Why You Need to Update Your Estate Plan When You Move to a New State

It can be important to update your estate plan when you move to a new state. Why is that? Let us discuss some of the key reasons why you should make updating your estate plan a priority after moving to a new state. The laws are different in every state. While one state will probably honor your will, trust or other estate planning documents executed in another state, because the laws vary from state to state, not updating the estate planning...
Warning Signs Your Aging Parent May Need Memory Care Soon

Warning Signs Your Aging Parent May Need Memory Care Soon

Becoming more forgetful can be as natural a symptom of aging as gray hair. How do you decipher this forgetfulness from more serious symptoms of Alzheimer’s or another form of dementia that may require a greater level of care? Let us review warning signs your aging parent may need memory care soon. If your parent has been repeatedly asking the same question or losing his or her train of thought mid-sentence, this can be a warning sign. If your...