Just as the title suggests, immediate Powers of Attorney take effect immediately. This is quite different from springing Powers of Attorney, which don’t take effect until the determination of incapacitation. While it’s evident that a person with Alzheimer’s should have some Power of Attorney in place, the question becomes which type of Power of Attorney […]
Alzheimer’s Caregiving: The importance of managing your workload and stress
People who provide Alzheimer’s caregiving for a loved one are prime candidates for impossible workloads and high stress levels. It’s easy to get caught up in the daily tasks required caring for a family member with Alzheimer’s and these selfless personalities tend to put all of these needs before their own needs. But, seeking respite and taking […]
What if I put my life savings into an Asset Preservation Trust and then I need some back later?
Having an Asset Preservation Plan in place will help protect your life savings from the potentially devastating costs of long-term care. As you may know from some of our other videos, the key to the planning is transferring the ownership of assets into a trust that is set up so that legally those assets aren’t considered to […]
Alzheimer’s and Understanding the Scope of What’s Covered By a Power of Attorney for Healthcare
Many people think that a Power of Attorney for Healthcare only talks about end of life situations, for example, whether or not to “pull the plug.” This is unfortunate because they also may believe if they make their wishes clear to their family, then they don’t need one. The reality is that a Power of […]
Providing For Special Needs Grandchildren in an Estate Plan
Planning for special needs grandchildren, or other relative other than your own child, in your estate plan is a great way to help provide for their future once you are gone. However, it needs to be done the right way. People with special needs are often dependent, either now or later in life, on government assistance […]
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