X

  

Next Step 4 Seniors

With Wendy Jones

0
Wendy Jones, the founder and CEO of Next Steps 4 Seniors discusses key issues regarding hospitals, rehabilitation facilities, assisted living and memory care units.

Virtual Mental Health Therapy

With Dr. Joel Young, Rochester Center for Behavioral Medicine

0

Joel Young, M.D., Director and Founder of the Rochester Center for Behavioral Medicine discusses Virtual Therapy during the Coronavirus pandemic, and the future of therapy in general.

Rockstar Caregivers

Going Above and Beyond for Clients

0
Emilie Amador, President and Owner of AE HomeCare, expresses thanks to her staff for the compassionate care of their vulnerable clients during the extremely challenging time of Covid-19.
First6869707173757677Last

Sponsored Content

  

Sponsored Content

  

Search

Sponsored Content

  

Recent

Coronavirus Resources

Seven Threats To Your Estate
Laurie Blume
/ Categories: Legal, Advanced Planning

Seven Threats To Your Estate

Proper Planning is Crucial

Hugh Woodrow of the Cronin Law Firm discusses the topic of Seven Threats To Your Estate. The following scenarios are all situations that people find themselves in and are important issues to be aware of.

  1. Losing control or access to your assets. This can happen when you least expect it. It can be due to an accident, a medical emergency such as a heart attack or stroke.
  2. Not knowing the law. It is important to talk to an expert attorney regarding estate planning and elder law. Looking up a form on the internet is not the right answer.
  3. Not knowing your predators. You would be surprised at how often a family member or close friend will use your trusting nature to take advantage of you and take your money.
  4. Your health fails. We never know what tomorrow may bring. A heart attack or stroke can come without any warning. Alzheimer’s or dementia can change our lives irrevocably. We are now in the middle of the Coronavirus Pandemic. These are all reasons why it is important to have an estate plan in place to cover as many contingencies as possible.
  5. Failing to plan when you can, as opposed to when you can’t. Look at your options, talk to your family and have an estate plan to protect you and your loved ones.
  6. Not working with qualified professionals. You need an expert in estate planning to assist you. Get referrals from attorneys, check credentials and experience. Don’t hesitate to ask questions.
  7. Don’t know costs. There are attorney fees to prepare a proper estate plan. Think of the costs of failing to do so. Elvis, Prince and Aretha Franklin are prime examples of people with substantial estates who failed to have a will or trust. The costs in taxes and litigation for failing to do what is necessary can be enormous and wars between heirs are not what you want.

We covered a lot on our interview with the goal of helping to make you aware of positive solutions. If you have ideas or questions, please share them with us.

Print
33959

All Categories

Sponsored Content