Downsizing & Relocating Downsizing & Relocating With Kelsey Florek Wednesday, September 18, 2019 0 This week on Gracefully Greying, Henry is joined by special guest Kelsey Florek. Kelsey discusses some problems that arise for people that are aging when it comes to relocating and downsizing. Read more
The Cost of Long-Term Care The Cost of Long-Term Care Consider Risks & Have a Plan Tuesday, June 25, 2019 0 What will long-term care cost? In the Detroit Free Press on Sunday, June 23, 2019, Liz Weston discussed the cost of long-term care, as we are gracefully greying. Read more
Seniors and Reverse Mortgages Seniors and Reverse Mortgages Know the Facts Tuesday, June 25, 2019 0 In a recent edition of The Week Magazine there was an article stating that seniors are being battered by reverse mortgages. A decade ago, many opportunistic lenders persuaded senior citizens to... Read more
Laurie Blume / Thursday, March 26, 2020 / 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. 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. 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. 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. 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. 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. 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. 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 23222 Tags: Estate Planning Legal Related articles Scamming Seniors Legacy Letters Family Court in the Coronavirus Era Medical Power of Attorney Dealing with Personal and Sentimental Belongings Formal Wills & Trusts Are There More Grey Divorces? WATCH: Conservatorships Navigating Probate for Guardians Probate Court in the Coronavirus Era