Estate Planning in a COVID-19 World

The COVID-19 pandemic has impacted our lives in so many ways: economically, socially, politically, our mental and physical well-being and of course, life and death. It has also caused many people to seriously consider their own mortality and what would happen to their family if they should die or become disabled. With reporting that more than 52 percent of persons age 55 or older do not have a will or the other key estate planning documents, it’s no wonder that the fear of COVID-19 has caused many people to recognize that they need to get their affairs in order. Here are some important considerations: 1. You need an estate plan. Estate planning is not just for the wealthy. It

The Importance of Exercise for Seniors

As we age, it is important we continue to exercise for both our mental and physical health as well as helping to prolong our independence. Today, seniors are fortunate to have so many options available to them. Choosing the right type of exercise will help you avoid injury as well as ensuring you will stick with it. In a recent blog post on titled “9 Best Types of Exercise for Older Adults,” author K. Aleisha Fetters has compiled a list of the best low impact exercise programs for older adults. The exercises include: Swimming Yoga Pilates Body Weight Training Resistance Band Workouts Walking Cycling Strength and Aerobics Classes Personal Training Consistent exercise has m

Taking Over Mom or Dad's Finances

One of the more challenging situations when an elderly parent is declining is having to take over their finances. Sometimes it may happen gradually such as when a loved one has dementia, or it can happen suddenly if a loved one suffers a stroke or other sudden illness. Regardless of how it happens, becoming a financial caregiver is a huge responsibility that is not to be taken lightly. The law requires that a financial caregiver (legally called a fiduciary) act in the loved one’s best interest. This often will involve much more than just paying someone’s bills. A financial caregiver may have to sell a loved one’s home or other property, buy a new home (and make it handicap accessible),

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The Elder and Estate Planning Law Firm

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