As your parents get older, you may start to develop some concerns about their ability to make decisions. Individuals who suffer from dementia may spark an even greater worry in their loved ones, especially when you consider the number of significant choices one makes towards the end of his or her life.
Guardianship vs. conservatorship with your aging parent
Wills and other estate planning steps for singles
Because of their marital status, single adults often overlook the importance of estate planning. Even without a spouse and kids, there are still many reasons why planning for the future is a smart step. Through wills and other documents, Georgia singles can plan for the type of care they may want and make other decisions that could be pertinent down the road.
Considerations for women when drafting wills and estate plans
The point of an estate plan is to have a plan in place that outlines what a person wants to happen to his or her estate after passing away. It can also include plans for medical care and support a person may need in case of a debilitating injury or illness in the future. Every person's needs are different, but when drafting wills and other estate planning documents, there are often differences between what men and women should consider.
Addressing valuable assets in wills and estate planning documents
It is not always easy to plan for the future and make decisions that could impact a family's financial future. However, estate planning is an important step, particularly for those who have valuable assets and other things they have specific plans for after their passing. Through carefully drafted wills and other estate planning measures, a person can ensure that his or wishes for specific assets are honored.
Medicaid planning requires knowledge of the system
Anyone approaching the age of 65 understands there are few options for paying for long-term care if he or she should need it. Unfortunately, the chances of needing long-term care are high. In fact, at age 65, one has a 70 percent chance of requiring this kind of support at some point in the future, according to the U.S. Department of Health and Human Services. This is why Medicaid planning is an essential part of preparing for one's golden years.
Types of special-needs trusts available in Georgia
Taking care of someone with disabilities or special needs requires extensive consideration in certain cases. One of those instances is to ensure proper care when you or a primary caregiver is not around.
