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High School Graduation: A Good Time for Financial Planning

  • High School Graduation: A Good Time for Financial Planning
    June 17, 2024

    Whether your child is graduating with their high school diploma or completing higher education, it’s important to help them plan for their financial future. You want to set a strong foundation for long-term financial stability by broadening their scope of financial literacy. Sharing the following tips can help prepare them.

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  • Estate Planning With Dementia on the Rise
    June 17, 2024

    Although you may never have to deal with the challenges that arise with a dementia diagnosis, it is still vital that you complete your estate plan early, while you have the mental capacity legally required to make estate planning decisions and execute estate planning documents.

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  • Talking With a Loved One About Long-Term Care
    June 14, 2024

    When your loved one can no longer live independently, you may consider options for long-term care.

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  • How to Choose a Trustee
    June 12, 2024

    When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, buy and sell property, provide for your loved ones, and generally keep things organized and in good order.

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  • Financial Caregiving
    June 12, 2024

    We tend to only consider the physical aspect of caregiving: medication management, bathing, feeding, assistance with daily chores, etc. However, the financial aspect of caregiving, e.g., paying bills, handling banking, investment and insurance accounts, preparing and filing tax returns, is equally crucial.

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  • Life After a Dementia Diagnosis
    June 12, 2024

    Many elderly people who are diagnosed with dementia are unprepared for future care. If you or someone you love has received a dementia diagnosis, it is imperative that you seek guidance. Elder law attorneys can be great resources in the process of implementing a plan to deal with care expenses.

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  • Execute a Power of Attorney Before It’s Too Late
    June 12, 2024

    A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases.

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  • What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?
    June 12, 2024

    It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a “do-not-resuscitate” order (DNR). While both these documents are advance medical directives, they serve different purposes.

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  • A Seniors Guide to Estate Planning
    June 11, 2024

    Estate planning is crucial for older adults, yet many lack essential documents like wills and powers of attorney. These legal tools guide your representatives in fulfilling your end-of-life wishes, reduce the burden on loved ones, and prevent family conflicts after you are gone.

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  • Could Medicaid Payback Rules Come to an End?
    June 11, 2024

    Medicaid, a program providing health insurance for low-income Americans, has a controversial estate recovery component. When Medicaid recipients pass away, states attempt to recover the funds spent on their medical care. This can lead to devastating financial consequences for families, especially those with lower incomes. U.S. Rep. Jan Schakowsky introduced the Stop Unfair Medicaid Recoveries Act to end estate recovery, but its immediate progress remains uncertain.

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