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Administrators and executors of a deceased individual’s estate are personal representatives who are appointed by a court of law to serve in that capacity. Executors have numerous responsibilities that they are often tasked with, and they are responsible for carrying out these duties properly and efficiently. In fact, failing to…
Many types of monetary accounts and insurance policies have beneficiary designations associated with them. For example, retirement accounts (including IRAs, Roth IRAs, 401(k) plans, 403(b) plans, and pensions) must usually have a beneficiary designation on file. The same is true with insurance policies, such as life insurance policies and long-term…
Effective and thorough estate planning is not just for elderly people. In fact, estate planning is something that everyone should consider. Having a good estate plan in place can help your loved ones save a significant amount of time and money when they need to settle and distribute your estate….
Dementia is a mental condition that affects many elderly individuals throughout the country. Frequent forgetfulness and the inability to care for oneself are just two common symptoms that are associated with dementia. In the event that a person’s physical or mental health declines quickly, it is a good thing when…
A power of attorney, sometimes known as a POA, is put in place to allow another person to handle various matters on your behalf if you become incapacitated. These matters often include healthcare and finances. People have durable powers of attorney in place to prepare for medical emergencies and mental…
A DNR is a ‘do not resuscitate order’ and is oftentimes part of an advance directive. It is always important to have an advance directive in place in the event that you become incapacitated and are unable to make medical and personal decisions on your own. Even with an advance…
When it comes to managing the healthcare of a parent and speaking with a medical provider, California state and federal laws are very strict on who can receive updates. The law is even particular as to which individuals are eligible to make medical decisions on behalf of a parent and/or…
As the world population continues to grow significantly, so too does the elderly population in the United States. Statistically, the number of older adults in America has seen significant growth over recent years. Many experts estimate that by the year 2050, the elderly over 65 will outnumber the younger population…
Unfortunately, those who’ve vowed to do no harm can sometimes do the most harm, and this is true in nursing homes and other assisted living facilities. According to the World Health Organization, around one in six people aged 60 and over suffer abuse in retirement communities – abuse that can…
Elderly individuals throughout the country are unfortunately the target of numerous financial scams that can result in their losing thousands of dollars. Scammers and fraudsters often target elderly individuals because they are more likely to be socially isolated and unfamiliar with computers and other types of modern technology. Some of…