Families can get ripped apart permanently, because of problems with a close relative’s estate. Many problems are avoidable, by taking a few easy steps.
These three documents are the building blocks toward a solid estate plan and peace of mind.
The more you read the trust, the more familiar you will become with the key provisions.
A one-bedroom apartment in an assisted-living facility will cost you $194 per day–or about $71,000 per year. A home health aide will set you back $25 per hour, or $1,000 for a 40-hour week. Not scared yet?
You will want to replace your income. You will also want to stay socially engaged.
The death of pop star Prince is an extreme example of what can happen when people die without a will. After he died in 2016, long-lost ‘relatives’ came out of the woodwork, claiming to be his wife, child, brother, sister or distant relative.
When it comes to the prospect of dementia, advance directives are critical because the disease is progressive.
…if you’re contemplating moving into an age-restricted community, finding one that’s right for you takes work. While active adult communities generally offer the opportunity for a lower-maintenance (and sometimes lower cost) lifestyle, they vary enormously.
From wills to life insurance, no one wants to discuss a financial plan with their aging parents.
You make things easier for the children, by planning for the possibility of a nursing home stay because you take the burden off the children to make crisis decisions for your long-term care costs.
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Sioux Falls, South Dakota Estate Planning Crash Course
